Press coverage about Flowserve Corporation (NYSE:FLS) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty 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 closest to one being the most favorable. Flowserve Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.7465397563729 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Flowserve Corporation (FLS) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Exxonmobil Investment Management Inc /TX Lowers Its Stake in Flowserve Corporation (FLS) Stock – First News 24 (firstnewspaper24.com)
- Kemet (KEM) and Flowserve (FLS): Today’s Bull & Bear (msn.com)
- Bear Of The Day: Flowserve Corp (FLS) (finance.yahoo.com)
- Flowserve Corp (FLS) Expected to Announce Earnings of $0.35 Per Share (americanbankingnews.com)
Shares of Flowserve Corporation (NYSE:FLS) opened at 44.58 on Wednesday. The firm has a 50 day moving average price of $41.67 and a 200-day moving average price of $45.05. Flowserve Corporation has a 12-month low of $37.51 and a 12-month high of $52.10. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 55.73 and a beta of 1.47.
Flowserve Corporation (NYSE:FLS) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.21). Flowserve Corporation had a net margin of 2.68% and a return on equity of 13.32%. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $933.91 million. During the same quarter last year, the business posted $0.57 EPS. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts expect that Flowserve Corporation will post $1.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.76 annualized dividend and a yield of 1.70%. Flowserve Corporation’s dividend payout ratio is presently 98.70%.
Several equities research analysts recently weighed in on FLS shares. Stifel Nicolaus restated a “buy” rating and set a $45.00 target price on shares of Flowserve Corporation in a report on Sunday, September 3rd. BidaskClub cut Flowserve Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Flowserve Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Wolfe Research began coverage on Flowserve Corporation in a report on Tuesday, July 11th. They issued an “underperform” rating and a $38.00 price objective for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price objective on shares of Flowserve Corporation in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.55.
About Flowserve Corporation
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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