Flowserve (FLS) Set to Announce Earnings on Tuesday

Flowserve (NYSE:FLSGet Free Report) will announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Flowserve Stock Up 1.2 %

NYSE FLS opened at $42.00 on Tuesday. The business has a fifty day moving average price of $40.34 and a two-hundred day moving average price of $39.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.02 and a quick ratio of 1.32. Flowserve has a fifty-two week low of $29.99 and a fifty-two week high of $42.22. The stock has a market capitalization of $5.51 billion, a PE ratio of 22.58, a PEG ratio of 0.81 and a beta of 1.45.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 28th. Flowserve’s payout ratio is presently 43.01%.

Institutional Investors Weigh In On Flowserve

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Manhattan CO. LLC. lifted its stake in shares of Flowserve by 682.6% in the 1st quarter. First Manhattan CO. LLC. now owns 900 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 785 shares during the last quarter. Quarry LP bought a new position in shares of Flowserve in the 1st quarter valued at $38,000. Harbour Investments Inc. lifted its stake in shares of Flowserve by 79.5% in the 4th quarter. Harbour Investments Inc. now owns 1,581 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 700 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Flowserve by 26.9% in the 1st quarter. Captrust Financial Advisors now owns 1,770 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 375 shares during the last quarter. Finally, Gyon Technologies Capital Management LP bought a new position in shares of Flowserve in the 4th quarter valued at $58,000. 94.50% of the stock is currently owned by institutional investors.

About Flowserve

(Get Free Report)

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, the Middle East, Africa, Asia Pacific, and Europe. 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, 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.

See Also

Earnings History for Flowserve (NYSE:FLS)

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