News articles about Flowserve Corporation (NYSE:FLS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 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 Corporation earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.7538954335973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Flowserve Corporation (NYSE:FLS) opened at $39.08 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $5,143.10, a PE ratio of 25.24, a price-to-earnings-growth ratio of 3.18 and a beta of 1.55. Flowserve Corporation has a fifty-two week low of $37.51 and a fifty-two week high of $52.10.
Flowserve Corporation (NYSE:FLS) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $883.38 million during the quarter, compared to analysts’ expectations of $871.20 million. Flowserve Corporation had a return on equity of 12.09% and a net margin of 4.58%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. equities research analysts forecast that Flowserve Corporation will post 1.38 earnings per share for the current fiscal year.
FLS has been the subject of a number of research analyst reports. BidaskClub cut Flowserve Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company restated a “buy” rating and issued a $55.00 price target on shares of Flowserve Corporation in a research report on Friday, July 28th. Boenning Scattergood restated a “hold” rating on shares of Flowserve Corporation in a research report on Friday, July 28th. BMO Capital Markets restated an “outperform” rating and issued a $47.00 price target (down previously from $56.00) on shares of Flowserve Corporation in a research report on Friday, July 28th. Finally, Wolfe Research upgraded Flowserve Corporation from an “underperform” rating to a “market perform” rating and set a $38.00 price objective for the company in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six 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 $44.27.
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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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