Media coverage about Flowserve Corporation (NYSE:FLS) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Flowserve Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.0751197655052 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
A number of research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Flowserve Corporation in a research report on Monday, July 31st. Susquehanna Bancshares Inc raised shares of Flowserve Corporation from a “neutral” rating to a “positive” rating and reduced their price objective for the company from $50.00 to $46.00 in a research report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Flowserve Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Cowen and Company reissued a “buy” rating and set a $50.00 price objective on shares of Flowserve Corporation in a research report on Thursday, August 10th. Finally, UBS AG raised shares of Flowserve Corporation from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.18.
Shares of Flowserve Corporation (FLS) opened at 44.38 on Friday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 55.48 and a beta of 1.47. The stock has a 50 day moving average of $41.67 and a 200-day moving average of $45.07. Flowserve Corporation has a 52-week low of $37.51 and a 52-week high of $52.10.
Flowserve Corporation (NYSE:FLS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.21). The firm had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $933.91 million. Flowserve Corporation had a net margin of 2.68% and a return on equity of 13.32%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. Analysts predict that Flowserve Corporation will post $1.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. Flowserve Corporation’s dividend payout ratio is currently 98.70%.
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Flowserve Corporation Company Profile
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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