News stories about Flowserve (NYSE:FLS) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flowserve earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.436173425501 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Flowserve (FLS) traded down $0.34 during trading on Wednesday, hitting $44.26. The stock had a trading volume of 622,099 shares, compared to its average volume of 1,504,170. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.35 and a current ratio of 2.06. The firm has a market capitalization of $5,790.00, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.53. Flowserve has a twelve month low of $37.51 and a twelve month high of $51.92.
Flowserve (NYSE:FLS) last announced its earnings results on Thursday, February 15th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Flowserve had a positive return on equity of 10.36% and a negative net margin of 0.04%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. equities research analysts expect that Flowserve will post 1.65 EPS for the current year.
FLS has been the topic of several recent research reports. Zacks Investment Research lowered Flowserve from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Stifel Nicolaus dropped their price objective on Flowserve from $47.00 to $44.00 and set a “hold” rating on the stock in a report on Tuesday, February 20th. Royal Bank of Canada upgraded Flowserve from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 20th. Goldman Sachs Group downgraded Flowserve from a “neutral” rating to a “sell” rating and lowered their price target for the company from $42.65 to $37.00 in a report on Thursday, December 7th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $45.00 price target on shares of Flowserve in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $43.67.
Flowserve Company Profile
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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