Flowserve (NYSE:FLS) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Flowserve (NYSE:FLS) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.07), Zacks reports. Flowserve had a net margin of 5.90% and a return on equity of 17.10%. Flowserve updated its FY 2025 guidance to 3.100-3.300 EPS.

Flowserve Stock Performance

Shares of FLS stock traded up $0.81 during midday trading on Tuesday, hitting $63.10. 1,861,567 shares of the company were exchanged, compared to its average volume of 1,231,366. The firm has a market capitalization of $8.29 billion, a P/E ratio of 31.24, a PEG ratio of 1.29 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 1.99. The firm’s 50 day moving average price is $60.75 and its two-hundred day moving average price is $55.55. Flowserve has a 52 week low of $41.60 and a 52 week high of $65.08.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. Flowserve’s payout ratio is 41.58%.

Analyst Upgrades and Downgrades

FLS has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Flowserve from a “sell” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $69.00 in a research note on Thursday, December 12th. Royal Bank of Canada upgraded shares of Flowserve from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $57.00 to $69.00 in a research note on Friday, November 22nd. Stifel Nicolaus boosted their price objective on shares of Flowserve from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com lowered shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Citigroup lowered their price objective on shares of Flowserve from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.50.

About Flowserve

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.