Flowserve (NYSE:FLS) Posts Earnings Results, Beats Expectations By $0.09 EPS

Flowserve (NYSE:FLS) issued its earnings results on Wednesday. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09, FiscalAI reports. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Flowserve updated its FY 2026 guidance to 4.050-4.200 EPS.

Flowserve Trading Down 4.6%

Shares of NYSE:FLS traded down $3.39 on Wednesday, hitting $70.04. The company had a trading volume of 2,756,308 shares, compared to its average volume of 1,987,100. The firm’s 50-day simple moving average is $73.43 and its two-hundred day simple moving average is $76.90. Flowserve has a 1 year low of $48.71 and a 1 year high of $92.41. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.64 and a beta of 1.23.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $0.22 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.3%. Flowserve’s dividend payout ratio is 32.59%.

Insider Activity

In related news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Flowserve

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. bought a new stake in Flowserve during the 4th quarter valued at approximately $36,000. BOKF NA bought a new stake in shares of Flowserve during the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Flowserve in the third quarter worth $36,000. IFP Advisors Inc grew its stake in Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FLS shares. Jefferies Financial Group reiterated a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and dropped their target price for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada cut their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.70.

About Flowserve

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.