Brokerages expect Flowserve Corp (NYSE:FLS) to announce $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Flowserve’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.54. Flowserve reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year-over-year growth rate of 131.8%. The company is expected to issue its next earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Flowserve will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.15 to $2.31. For the next fiscal year, analysts anticipate that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.43 to $2.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Flowserve.
Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.07. The business had revenue of $890.05 million during the quarter, compared to analyst estimates of $943.79 million. Flowserve had a return on equity of 13.46% and a net margin of 4.25%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS.
In related news, insider John Lenander sold 5,761 shares of Flowserve stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $49.32, for a total value of $284,132.52. Following the completion of the transaction, the insider now owns 16,568 shares in the company, valued at approximately $817,133.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of FLS. Valeo Financial Advisors LLC boosted its holdings in shares of Flowserve by 1,211.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 682 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 630 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Flowserve by 91.4% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,089 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 520 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Flowserve during the 4th quarter worth approximately $128,000. Bluestein R H & Co. acquired a new position in shares of Flowserve during the 1st quarter worth approximately $203,000. Finally, Cubic Asset Management LLC acquired a new position in shares of Flowserve during the 1st quarter worth approximately $207,000. Institutional investors own 98.45% of the company’s stock.
Shares of NYSE FLS traded up $1.20 during trading on Tuesday, reaching $52.56. 696,100 shares of the company traded hands, compared to its average volume of 979,663. The company has a fifty day moving average price of $51.08. The firm has a market cap of $6.72 billion, a PE ratio of 30.03, a P/E/G ratio of 1.49 and a beta of 1.62. Flowserve has a 12-month low of $35.88 and a 12-month high of $56.86. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 2.17.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 21st were paid a $0.19 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Flowserve’s dividend payout ratio is presently 43.43%.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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