Flowserve Corporation (FLS) To Go Ex-Dividend on June 26th

Flowserve Corporation (NYSE:FLS) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, June 26th will be given a dividend of 0.22 per share by the industrial products company on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 26th.

Flowserve has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Flowserve has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flowserve to earn $4.61 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 19.1%.

Flowserve Price Performance

Flowserve stock opened at $65.06 on Friday. Flowserve has a 52-week low of $45.11 and a 52-week high of $92.41. The firm has a fifty day moving average of $76.65 and a 200-day moving average of $75.52. The firm has a market capitalization of $8.32 billion, a P/E ratio of 24.10, a PEG ratio of 1.53 and a beta of 1.24. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, analysts predict that Flowserve will post 4.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Company Profile

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.