News coverage about Flowserve Corporation (NYSE:FLS) has trended positive this week, according to Alpha One Sentiment Analysis. The research group, a service of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flowserve Corporation earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned news coverage about the industrial products company an impact score of 52 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Alpha One’s scoring:
- Flowserve (FLS) Position Raised by Davidson DA & Company, Eton Park Capital Management LP Cut Its Stake in … – BZ Weekly (bzweekly.com)
- ETFs with exposure to Flowserve Corp. : June 15, 2017 (finance.yahoo.com)
- Flowserve Corporation (FLS) Upgraded by BidaskClub to Hold (americanbankingnews.com)
- Flowserve Corporation (FLS) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Valuing 2 Stocks Using Ratios and Multiples: Endologix, Inc. (ELGX … – AllStockNews (allstocknews.com)
Flowserve Corporation (NYSE FLS) remained flat at $47.45 during midday trading on Friday. The company had a trading volume of 1,277,805 shares. The stock’s 50-day moving average is $48.73 and its 200-day moving average is $48.69. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 51.02 and a beta of 1.52. Flowserve Corporation has a 12-month low of $39.13 and a 12-month high of $52.10.
Flowserve Corporation (NYSE:FLS) last released its earnings results on Monday, May 1st. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $863.63 million for the quarter, compared to analysts’ expectations of $817.56 million. Flowserve Corporation had a return on equity of 15.76% and a net margin of 3.12%. The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Analysts predict that Flowserve Corporation will post $1.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. Flowserve Corporation’s dividend payout ratio is 81.72%.
FLS has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $55.00 target price (up from $53.00) on shares of Flowserve Corporation in a research note on Wednesday, May 3rd. BMO Capital Markets decreased their target price on Flowserve Corporation from $47.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 21st. BidaskClub upgraded Flowserve Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered Flowserve Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada set a $43.00 target price on Flowserve Corporation and gave the stock a “sell” rating in a research note on Monday, February 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.86.
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Flowserve Corporation 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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