Flowserve (NYSE:FLS) Releases Quarterly Earnings Results

Flowserve (NYSE:FLS) posted its earnings results on Tuesday. The industrial products company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.07), Zacks reports. Flowserve had a return on equity of 17.10% and a net margin of 5.90%. Flowserve updated its FY 2025 guidance to 3.100-3.300 EPS.

Flowserve Stock Performance

Flowserve stock traded up $0.81 during mid-day trading on Tuesday, reaching $63.10. The company’s stock had a trading volume of 1,861,567 shares, compared to its average volume of 1,231,366. Flowserve has a 12-month low of $41.60 and a 12-month high of $65.08. The company has a market capitalization of $8.29 billion, a P/E ratio of 31.24, a PEG ratio of 1.29 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 1.99. The firm’s fifty day moving average price is $60.75 and its two-hundred day moving average price is $55.55.

Flowserve Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. Flowserve’s dividend payout ratio is 41.58%.

Wall Street Analysts Forecast Growth

FLS has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Flowserve from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. TD Cowen lifted their price target on shares of Flowserve from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group raised shares of Flowserve from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $55.00 to $69.00 in a report on Thursday, December 12th. Bank of America lifted their price target on shares of Flowserve from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on shares of Flowserve from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.