Somewhat Positive News Coverage Somewhat Unlikely to Affect Flowserve (FLS) Share Price

Media coverage about Flowserve (NYSE:FLS) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Flowserve earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.436173425501 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

Flowserve stock traded down $1.05 during trading hours on Thursday, hitting $43.87. The stock had a trading volume of 281,270 shares, compared to its average volume of 1,439,157. The stock has a market capitalization of $5,768.18, a price-to-earnings ratio of -2,246.00, a PEG ratio of 1.49 and a beta of 1.52. Flowserve has a 52-week low of $37.51 and a 52-week high of $51.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.35 and a current ratio of 2.06.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.50 earnings per share 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 analysts’ expectations of $1.03 billion. Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. equities research analysts forecast that Flowserve will post 1.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. Flowserve’s dividend payout ratio is presently -3,800.00%.

FLS has been the subject of several research reports. Zacks Investment Research lowered Flowserve from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 target price on shares of Flowserve in a research note on Friday, December 15th. Goldman Sachs lowered Flowserve from a “neutral” rating to a “sell” rating and cut their target price for the stock from $42.65 to $37.00 in a research note on Thursday, December 7th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $39.00 target price on shares of Flowserve in a research note on Thursday, January 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 target price (up previously from $43.00) on shares of Flowserve in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.67.

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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.

Insider Buying and Selling by Quarter for Flowserve (NYSE:FLS)

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