News articles about Flowserve (NYSE:FLS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flowserve earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.4992923762557 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- WINTON GROUP Ltd Acquires New Holdings in Flowserve Corp (FLS) (americanbankingnews.com)
- Caisse DE Depot ET Placement DU Quebec Has $90.92 Million Position in Flowserve Corp (FLS) (americanbankingnews.com)
- Bank of New York Mellon Corp Buys 26,257 Shares of Flowserve Corp (FLS) (americanbankingnews.com)
- Flowserve’s (FLS) CEO Robert Rowe on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Flowserve Corp (FLS) Shares Sold by UBS Asset Management Americas Inc. (americanbankingnews.com)
Several brokerages recently commented on FLS. Stifel Nicolaus cut their price target on shares of Flowserve from $47.00 to $44.00 and set a “hold” rating on the stock in a research note on Tuesday, February 20th. Royal Bank of Canada upgraded shares of Flowserve from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 20th. Zacks Investment Research lowered shares of Flowserve from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Robert W. Baird reiterated a “hold” rating and set a $45.00 price target on shares of Flowserve in a research note on Friday, December 15th. Finally, Goldman Sachs Group lowered shares of Flowserve from a “neutral” rating to a “sell” rating and cut their price target for the stock from $42.65 to $37.00 in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.67.
Flowserve (NYSE:FLS) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). Flowserve had a positive return on equity of 10.36% and a negative net margin of 0.04%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. equities analysts anticipate that Flowserve will post 1.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, March 28th. Flowserve’s payout ratio is currently -3,800.00%.
Flowserve Company Profile
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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