Flowserve (NYSE:FLS) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Flowserve (NYSE:FLS) released its quarterly earnings data on Wednesday. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09, FiscalAI reports. Flowserve had a return on equity of 21.52% and a net margin of 8.01%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve updated its FY 2026 guidance to 4.050-4.200 EPS.

Flowserve Price Performance

Shares of FLS traded up $0.47 during mid-day trading on Friday, hitting $75.79. 1,447,793 shares of the stock were exchanged, compared to its average volume of 1,993,117. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The company has a market cap of $9.69 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. Flowserve has a 52-week low of $48.71 and a 52-week high of $92.41. The firm has a 50-day moving average of $73.60 and a two-hundred day moving average of $76.90.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird set a $93.00 price target on Flowserve in a research note on Friday. Citigroup reissued a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a research note on Thursday. Finally, Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.60.

Insiders Place Their Bets

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Flowserve

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG raised its position in shares of Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC increased its stake in Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after acquiring an additional 290,226 shares during the last quarter. Nuveen LLC increased its stake in Flowserve by 6.1% during the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after acquiring an additional 158,661 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Flowserve by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock valued at $190,468,000 after purchasing an additional 299,346 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Flowserve by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,400,863 shares of the industrial products company’s stock valued at $166,572,000 after purchasing an additional 86,668 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

About Flowserve

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.