Flowserve (NYSE:FLS) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.15-2.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.19.
Separately, TheStreet raised Flowserve from a c+ rating to a b rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $51.17.
Shares of FLS stock traded up $0.05 during trading hours on Wednesday, hitting $46.94. 6,733 shares of the company were exchanged, compared to its average volume of 602,964. The company has a 50 day simple moving average of $48.39 and a two-hundred day simple moving average of $47.79. The firm has a market cap of $6.37 billion, a P/E ratio of 26.98, a P/E/G ratio of 1.53 and a beta of 1.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.63 and a current ratio of 2.29. Flowserve has a fifty-two week low of $35.88 and a fifty-two week high of $54.16.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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