Flowserve (NYSE:FLS – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.000-4.200 for the period, compared to the consensus estimate of 4.110. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $5.0 billion.
Flowserve Trading Down 1.6%
FLS stock traded down $1.19 during midday trading on Friday, reaching $72.45. The stock had a trading volume of 750,450 shares, compared to its average volume of 1,812,035. The business has a fifty day simple moving average of $79.96 and a two-hundred day simple moving average of $74.22. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.88 and a beta of 1.33. Flowserve has a twelve month low of $45.11 and a twelve month high of $92.41.
Flowserve (NYSE:FLS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a return on equity of 21.45% and a net margin of 7.61%.The company’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, research analysts expect that Flowserve will post 4.09 EPS for the current fiscal year.
Flowserve Increases Dividend
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FLS shares. Jefferies Financial Group restated a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Mizuho boosted their target price on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings lowered Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. Stifel Nicolaus set a $92.00 target price on Flowserve in a research report on Friday. Finally, Robert W. Baird set a $98.00 target price on Flowserve in a research report on Monday, February 9th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.20.
Check Out Our Latest Stock Report on FLS
Hedge Funds Weigh In On Flowserve
Several institutional investors have recently modified their holdings of FLS. UBS Group AG lifted its holdings in shares of Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. Merewether Investment Management LP bought a new position in shares of Flowserve during the 2nd quarter valued at about $46,555,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Flowserve by 102.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock valued at $120,143,000 after purchasing an additional 877,327 shares in the last quarter. Amundi lifted its holdings in shares of Flowserve by 414.3% during the 4th quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock valued at $72,689,000 after purchasing an additional 843,995 shares in the last quarter. Finally, No Street GP LP bought a new position in shares of Flowserve during the 3rd quarter valued at about $18,599,000. Institutional investors own 93.93% of the company’s stock.
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.
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