Flowserve (FLS) Expected to Announce Quarterly Earnings on Tuesday

Flowserve (NYSE:FLS - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $1.21 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Flowserve Stock Down 0.8 %

NYSE:FLS traded down $0.48 during trading hours on Friday, reaching $62.25. The company's stock had a trading volume of 1,268,765 shares, compared to its average volume of 1,210,392. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. Flowserve has a one year low of $41.60 and a one year high of $65.08. The business's 50-day moving average is $60.72 and its 200-day moving average is $55.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.39.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, December 27th. Flowserve's dividend payout ratio (DPR) is presently 41.58%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FLS shares. Stifel Nicolaus increased their price target on shares of Flowserve from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded shares of Flowserve from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $55.00 to $69.00 in a report on Thursday, December 12th. StockNews.com lowered shares of Flowserve from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 27th. Citigroup decreased their price objective on shares of Flowserve from $73.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on shares of Flowserve in a research report on Friday, October 18th. They issued a "buy" rating and a $65.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.50.

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.