Flowserve (NYSE:FLS – Get Free Report) issued an update on its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 4.100-4.200 for the period, compared to the consensus estimate of 4.100. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.9 billion.
Flowserve Stock Down 1.2%
Shares of NYSE FLS traded down $0.97 during mid-day trading on Friday, reaching $79.38. 676,172 shares of the company traded hands, compared to its average volume of 1,874,150. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The company’s fifty day moving average is $74.28 and its two-hundred day moving average is $76.40. The stock has a market cap of $10.09 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. Flowserve has a fifty-two week low of $63.27 and a fifty-two week high of $92.41.
Flowserve (NYSE:FLS – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Flowserve had a net margin of 5.42% and a return on equity of 22.37%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. On average, analysts expect that Flowserve will post 4.10 earnings per share for the current year.
Flowserve Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s dividend payout ratio is presently 44.22%.
Analyst Ratings Changes
A number of analysts have issued reports on FLS shares. The Goldman Sachs Group set a $82.00 target price on Flowserve in a report on Thursday, July 30th. Stifel Nicolaus increased their price objective on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Mizuho reduced their price objective on Flowserve from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Royal Bank Of Canada lowered their price objective on shares of Flowserve from $94.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Finally, Robert W. Baird set a $93.00 target price on shares of Flowserve in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.40.
Check Out Our Latest Stock Analysis on FLS
About Flowserve
Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.
Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.
Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.
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