Flowserve Corp (NYSE:FLS) – Stock analysts at Seaport Global Securities issued their Q2 2019 earnings per share estimates for shares of Flowserve in a research note issued to investors on Tuesday. Seaport Global Securities analyst W. Liptak forecasts that the industrial products company will post earnings of $0.35 per share for the quarter. Seaport Global Securities has a “Neutral” rating and a $40.00 price target on the stock. Seaport Global Securities also issued estimates for Flowserve’s Q4 2019 earnings at $0.60 EPS.
Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share.
Several other research firms have also recently issued reports on FLS. Royal Bank of Canada reaffirmed a “sell” rating and issued a $39.00 price objective on shares of Flowserve in a research report on Thursday, January 4th. Stifel Nicolaus lowered shares of Flowserve from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research note on Monday, December 11th. Zacks Investment Research lowered shares of Flowserve from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group lowered shares of Flowserve from a “neutral” rating to a “sell” rating and decreased their target price for the company from $42.65 to $37.00 in a research note on Thursday, December 7th. Finally, BMO Capital Markets lowered shares of Flowserve from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $51.00 to $41.00 in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Flowserve presently has a consensus rating of “Hold” and a consensus target price of $43.67.
Flowserve (FLS) traded up $0.68 during mid-day trading on Thursday, reaching $44.26. The company had a trading volume of 799,168 shares, compared to its average volume of 1,670,000. The company has a market cap of $5,780.00, a PE ratio of 2,213.00, a PEG ratio of 1.66 and a beta of 1.54. Flowserve has a fifty-two week low of $37.51 and a fifty-two week high of $51.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 1.35.
Large investors have recently bought and sold shares of the company. University of Texas Investment Managment Co. purchased a new stake in shares of Flowserve in the 4th quarter worth $107,000. Assetmark Inc. increased its stake in shares of Flowserve by 26,030.0% in the 4th quarter. Assetmark Inc. now owns 2,613 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,603 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Flowserve in the 3rd quarter worth $117,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Flowserve in the 4th quarter worth $118,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Flowserve in the 4th quarter worth $122,000.
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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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