Flowserve (FLS) Set to Announce Earnings on Monday

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.

About Flowserve

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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Earnings History for Flowserve (NYSE:FLS)

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