Flowserve (NYSE:FLS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.15-2.20 for the period, compared to the Thomson Reuters consensus estimate of $2.19.
Shares of NYSE:FLS traded down $1.58 during trading on Tuesday, reaching $46.89. The stock had a trading volume of 647,338 shares, compared to its average volume of 966,743. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.63 and a current ratio of 2.29. Flowserve has a 1-year low of $35.88 and a 1-year high of $54.16. The stock has a market cap of $6.37 billion, a PE ratio of 26.79, a PEG ratio of 1.53 and a beta of 1.72. The business has a fifty day moving average price of $48.39 and a 200-day moving average price of $47.79.
Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $996.54 million during the quarter, compared to the consensus estimate of $1.01 billion. Flowserve had a return on equity of 16.21% and a net margin of 6.39%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Sell-side analysts expect that Flowserve will post 2.19 earnings per share for the current year.
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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