Flowserve Co. (NYSE:FLS - Free Report) - Research analysts at Zacks Research lowered their Q4 2024 EPS estimates for Flowserve in a research report issued to clients and investors on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $0.73 for the quarter, down from their previous estimate of $0.76. The consensus estimate for Flowserve's current full-year earnings is $2.72 per share. Zacks Research also issued estimates for Flowserve's Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.75 EPS, FY2025 earnings at $3.07 EPS, Q1 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.53 EPS.
Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.05). Flowserve had a return on equity of 17.10% and a net margin of 5.90%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The firm's quarterly revenue was up 3.5% compared to the same quarter last year.
FLS has been the topic of several other reports. Royal Bank of Canada upped their price objective on shares of Flowserve from $55.00 to $57.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Bank of America boosted their price target on Flowserve from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Mizuho boosted their target price on shares of Flowserve from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Robert W. Baird lifted their price objective on shares of Flowserve from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, TD Cowen lifted their price target on shares of Flowserve from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.10.
Check Out Our Latest Stock Analysis on Flowserve
Flowserve Stock Performance
NYSE FLS traded down $0.21 on Wednesday, hitting $59.87. 211,214 shares of the stock were exchanged, compared to its average volume of 1,093,760. The company has a market capitalization of $7.87 billion, a PE ratio of 29.74, a P/E/G ratio of 1.42 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.39. The business's fifty day moving average is $53.54 and its 200 day moving average is $50.12. Flowserve has a 52 week low of $37.24 and a 52 week high of $61.60.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of FLS. True Wealth Design LLC purchased a new stake in shares of Flowserve in the third quarter valued at about $25,000. Signaturefd LLC grew its holdings in shares of Flowserve by 185.9% in the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 370 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Flowserve during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in Flowserve during the third quarter worth $29,000. Finally, nVerses Capital LLC purchased a new position in Flowserve in the second quarter worth $34,000. Hedge funds and other institutional investors own 93.93% of the company's stock.
About Flowserve
(
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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.
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