Headlines about Flowserve (NYSE:FLS) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flowserve earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.8772637798422 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Flowserve (NYSE:FLS) traded up $0.17 during midday trading on Tuesday, reaching $42.13. The company’s stock had a trading volume of 678,900 shares, compared to its average volume of 1,389,090. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 2.12. The firm has a market capitalization of $5,503.65, a P/E ratio of 32.66, a PEG ratio of 3.41 and a beta of 1.53. Flowserve has a fifty-two week low of $37.51 and a fifty-two week high of $52.10.
Flowserve (NYSE:FLS) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Flowserve had a return on equity of 12.09% and a net margin of 4.58%. The firm had revenue of $883.38 million during the quarter, compared to the consensus estimate of $871.20 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. analysts expect that Flowserve will post 1.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, January 4th. Flowserve’s dividend payout ratio (DPR) is 58.92%.
Several research analysts have weighed in on FLS shares. BMO Capital Markets downgraded Flowserve from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $51.00 to $41.00 in a research note on Friday, November 3rd. Robert W. Baird restated a “hold” rating and set a $45.00 price target on shares of Flowserve in a report on Friday, December 15th. Royal Bank of Canada reiterated an “underperform” rating and issued a $36.00 target price (down previously from $38.00) on shares of Flowserve in a research note on Friday, November 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Flowserve in a research note on Thursday, November 2nd. Finally, Seaport Global Securities lowered Flowserve from a “buy” rating to a “neutral” rating and cut their price target for the company from $60.00 to $40.00 in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.33.
Flowserve Company Profile
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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