Flowserve (NYSE:FLS) Announces Quarterly Earnings Results

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

Flowserve Stock Performance

Shares of Flowserve stock opened at $63.10 on Wednesday. The firm has a market cap of $8.29 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. Flowserve has a 52 week low of $41.60 and a 52 week high of $65.08. The business’s fifty day simple moving average is $60.75 and its 200-day simple moving average is $55.55.

Flowserve Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on FLS shares. Royal Bank of Canada upgraded Flowserve from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $57.00 to $69.00 in a research note on Friday, November 22nd. Citigroup cut their target price on shares of Flowserve from $73.00 to $72.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird increased their price target on shares of Flowserve from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com downgraded Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 27th. Finally, TD Cowen increased their price objective on shares of Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, January 16th. 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, the company presently has an average rating of “Moderate Buy” and a consensus 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.