Zacks Research Has Bearish Outlook for Flowserve Q4 Earnings

Flowserve Co. (NYSE:FLS) – Stock analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for Flowserve in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $0.73 for the quarter, down from their previous forecast of $0.76. The consensus estimate for Flowserve’s current full-year earnings is $2.72 per share. Zacks Research also issued estimates for Flowserve’s Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.75 EPS, FY2025 earnings at $3.07 EPS, Q1 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.53 EPS.

Several other equities research analysts also recently commented on FLS. Robert W. Baird boosted their target price on shares of Flowserve from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group began coverage on Flowserve in a report on Friday, October 18th. They set a “buy” rating and a $65.00 price target for the company. Mizuho increased their target price on Flowserve from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on shares of Flowserve from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Bank of America boosted their price objective on shares of Flowserve from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and an average target price of $60.10.

Flowserve Trading Up 0.9 %

Shares of FLS opened at $60.07 on Wednesday. The stock has a 50 day simple moving average of $53.54 and a 200-day simple moving average of $50.12. Flowserve has a 1 year low of $37.24 and a 1 year high of $61.60. The stock has a market cap of $7.89 billion, a PE ratio of 29.74, a PEG ratio of 1.42 and a beta of 1.38. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

Flowserve (NYSE:FLS) last issued its earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $0.50 earnings per share. Flowserve’s revenue was up 3.5% on a year-over-year basis.

Hedge Funds Weigh In On Flowserve

Several hedge funds have recently added to or reduced their stakes in FLS. KPP Advisory Services LLC grew its holdings in Flowserve by 3.2% during the third quarter. KPP Advisory Services LLC now owns 7,038 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 215 shares during the period. HighTower Advisors LLC raised its position in shares of Flowserve by 0.6% during the third quarter. HighTower Advisors LLC now owns 37,906 shares of the industrial products company’s stock worth $1,962,000 after purchasing an additional 215 shares during the period. National Bank of Canada FI grew its position in shares of Flowserve by 4.1% in the 3rd quarter. National Bank of Canada FI now owns 6,330 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 252 shares during the period. PNC Financial Services Group Inc. increased its stake in Flowserve by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 25,735 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 277 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Flowserve by 0.7% during the 1st quarter. Toronto Dominion Bank now owns 46,570 shares of the industrial products company’s stock worth $2,127,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.