Flowserve (NYSE:FLS) is set to issue its quarterly earnings data after the market closes on Monday, April 30th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Flowserve has set its FY18 guidance at $1.50-1.70 EPS.
Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect Flowserve to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:FLS opened at $47.31 on Monday. Flowserve has a 52-week low of $37.51 and a 52-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. The stock has a market cap of $6,188.04, a price-to-earnings ratio of 35.31, a P/E/G ratio of 1.47 and a beta of 1.45.
The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, March 28th. Flowserve’s dividend payout ratio is presently 55.88%.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Flowserve from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada restated a “sell” rating and issued a $39.00 price objective on shares of Flowserve in a research report on Thursday, January 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $47.00 price objective (up from $43.00) on shares of Flowserve in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $43.67.
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Flowserve Company Profile
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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