Flowserve (FLS) Projected to Post Quarterly Earnings on Tuesday

Flowserve (NYSE:FLS) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Flowserve to post earnings of $0.77 per share and revenue of $1.21 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Flowserve Trading Up 1.2 %

FLS stock opened at $63.60 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. Flowserve has a 52-week low of $40.78 and a 52-week high of $65.08. The company’s 50-day simple moving average is $60.64 and its 200-day simple moving average is $55.12. The firm has a market cap of $8.36 billion, a P/E ratio of 31.48, a PEG ratio of 1.29 and a beta of 1.42.

Flowserve Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.21 per share. The ex-dividend date was Friday, December 27th. This represents a $0.84 dividend on an annualized basis and a yield of 1.32%. Flowserve’s dividend payout ratio is currently 41.58%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FLS shares. Mizuho upped their target price on Flowserve from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group upgraded shares of Flowserve from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $55.00 to $69.00 in a research report on Thursday, December 12th. TD Cowen lifted their target price on shares of Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Royal Bank of Canada raised shares of Flowserve from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $57.00 to $69.00 in a research note on Friday, November 22nd. Finally, Robert W. Baird raised their price target on shares of Flowserve from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two investment 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 company presently has a consensus rating of “Moderate Buy” and an average price target 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.