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

Flowserve (NYSE:FLS - Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.07), Zacks reports. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Flowserve updated its FY 2025 guidance to 3.100-3.300 EPS.

Flowserve Stock Performance

NYSE:FLS traded down $2.08 during mid-day trading on Friday, hitting $55.38. The stock had a trading volume of 2,004,391 shares, compared to its average volume of 1,352,376. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $60.57 and a 200-day simple moving average of $55.78. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.21 and a beta of 1.42. Flowserve has a 52 week low of $41.60 and a 52 week high of $65.08.

Flowserve Dividend Announcement

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 annualized dividend and a dividend yield of 1.52%. Flowserve's dividend payout ratio is currently 39.25%.

Analyst Ratings Changes

FLS has been the topic of a number of research analyst reports. TD Cowen increased their target price on Flowserve from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Royal Bank of Canada dropped their price target on Flowserve from $69.00 to $68.00 and set an "outperform" rating on the stock in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Flowserve from $75.00 to $77.00 and gave the stock a "buy" rating in a report on Thursday. Citigroup dropped their target price on shares of Flowserve from $73.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Robert W. Baird raised their price target on shares of Flowserve from $69.00 to $71.00 and gave the stock a "neutral" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.60.

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.