Flowserve (NYSE:FLS) is scheduled to be announcing its earnings results before the market opens on Monday, February 17th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Shares of FLS stock opened at $46.41 on Friday. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.63 and a current ratio of 2.29. Flowserve has a one year low of $39.75 and a one year high of $54.16. The company’s 50-day moving average is $48.86 and its 200 day moving average is $47.18.
In related news, SVP Lanesha Minnix sold 820 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $47.97, for a total transaction of $39,335.40. Following the sale, the senior vice president now directly owns 1,231 shares of the company’s stock, valued at $59,051.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.
FLS has been the subject of several recent analyst reports. TheStreet raised shares of Flowserve from a “c+” rating to a “b” rating in a report on Wednesday, October 30th. Bank of America cut shares of Flowserve from a “neutral” rating to an “underperform” rating and set a $50.00 price target on the stock. in a report on Tuesday, December 17th. Royal Bank of Canada reissued a “hold” rating and set a $50.00 price target on shares of Flowserve in a research report on Wednesday, December 18th. Finally, Vertical Research upgraded shares of Flowserve from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.00.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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