Flowserve (FLS) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flowserve in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FLS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FLS, but not buy additional shares or sell existing shares.
View FLS analyst ratings or view top-rated stocks.

8 brokerages have issued 1 year target prices for Flowserve's shares. Their FLS share price targets range from $38.00 to $56.00. On average, they predict the company's stock price to reach $48.25 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for FLS or view top-rated stocks among Wall Street analysts.

Flowserve's stock was trading at $41.22 at the beginning of the year. Since then, FLS stock has increased by 10.8% and is now trading at $45.67.
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Flowserve saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,250,000 shares, a decrease of 16.1% from the March 15th total of 1,490,000 shares. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is presently 1.1 days.
View Flowserve's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our FLS earnings forecast.

Flowserve will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Flowserve Co. (NYSE:FLS) announced its earnings results on Wednesday, February, 21st. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.07. The industrial products company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Flowserve had a net margin of 4.32% and a trailing twelve-month return on equity of 14.44%. The company's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share.

Flowserve announced a quarterly dividend on Tuesday, February 20th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.21 per share on Friday, April 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for FLS.

Flowserve (NYSE:FLS) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLS will have a dividend payout ratio of 28.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLS.

ETFs with the largest weight of Flowserve (NYSE:FLS) stock in their portfolio include First Trust Water ETF (FIW), Horizon Kinetics Energy and Remediation ETF (NVIR), Nuveen Global Net Zero Transition ETF (NTZG), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Pacer US Export Leaders ETF (PEXL).BNY Mellon US Small Cap Core Equity ETF (BKSE).

Flowserve updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 2.400-2.600 for the period, compared to the consensus estimate of 2.530. The company issued revenue guidance of $4.5 billion-$4.6 billion, compared to the consensus revenue estimate of $4.5 billion.

147 employees have rated Flowserve Chief Executive Officer Scott Rowe on Glassdoor.com. Scott Rowe has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowserve investors own include Intel (INTC), General Electric (GE), Johnson & Johnson (JNJ), Boeing (BA), QUALCOMM (QCOM), Broadcom (AVGO), Salesforce (CRM), CVS Health (CVS), Wells Fargo & Company (WFC) and Chevron (CVX).

Flowserve's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.47%), Murphy Pohlad Asset Management LLC (0.06%), First Hawaiian Bank (0.02%), Dumont & Blake Investment Advisors LLC (0.01%), Moody National Bank Trust Division (0.01%) and 180 Wealth Advisors LLC (0.00%).
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Shares of FLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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