Flowserve (NYSE:FLS) Posts Earnings Results, Misses Expectations By $0.07 EPS

Flowserve (NYSE:FLS) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.07), Zacks reports. Flowserve had a net margin of 6.20% and a return on equity of 17.11%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. Flowserve updated its FY 2025 guidance to 3.100-3.300 EPS.

Flowserve Stock Performance

Shares of FLS opened at $58.27 on Thursday. The stock’s 50-day simple moving average is $60.75 and its 200 day simple moving average is $55.69. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 1.99. Flowserve has a 52-week low of $41.60 and a 52-week high of $65.08.

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. Flowserve’s dividend payout ratio is presently 39.25%.

Analysts Set New Price Targets

A number of analysts have recently commented on FLS shares. The Goldman Sachs Group raised Flowserve from a “sell” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $69.00 in a research note on Thursday, December 12th. StockNews.com lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 27th. TD Cowen lifted their price objective on Flowserve from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Citigroup decreased their price objective on Flowserve from $73.00 to $72.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Bank of America boosted their price objective on Flowserve from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

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.