Flowserve (NYSE:FLS) Announces Earnings Results

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

Flowserve Price Performance

FLS stock traded up $0.81 during trading on Tuesday, reaching $63.10. 1,861,567 shares of the company were exchanged, compared to its average volume of 1,231,366. The company has a 50-day moving average of $60.75 and a two-hundred day moving average of $55.55. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 1.29 and a beta of 1.42. Flowserve has a twelve month low of $41.60 and a twelve month high of $65.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.39.

Flowserve Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on FLS shares. Robert W. Baird boosted their price objective on shares of Flowserve from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised shares of Flowserve from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $57.00 to $69.00 in a report on Friday, November 22nd. Citigroup cut their price objective on shares of Flowserve from $73.00 to $72.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus upped their price target on shares of Flowserve from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Flowserve from a “sell” rating to a “neutral” rating and upped their price target for the stock from $55.00 to $69.00 in a report on Thursday, December 12th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

About Flowserve

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.