Flowserve (NYSE:FLS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Flowserve (NYSE:FLS) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03, FiscalAI reports. Flowserve had a return on equity of 21.45% and a net margin of 7.61%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve updated its FY 2026 guidance to 4.000-4.200 EPS.

Flowserve Trading Down 2.7%

Shares of FLS stock traded down $1.96 on Friday, hitting $71.68. The stock had a trading volume of 4,467,789 shares, compared to its average volume of 1,858,902. The company’s 50 day moving average price is $79.96 and its 200-day moving average price is $74.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. Flowserve has a 1 year low of $45.11 and a 1 year high of $92.41. The firm has a market capitalization of $9.16 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.88 and a beta of 1.33.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a $0.22 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio (DPR) is presently 33.59%.

Institutional Investors Weigh In On Flowserve

Several large investors have recently bought and sold shares of FLS. BOKF NA purchased a new stake in Flowserve during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Flowserve during the 3rd quarter worth about $36,000. Atlas Capital Advisors Inc. purchased a new stake in Flowserve during the 4th quarter worth about $36,000. IFP Advisors Inc increased its holdings in Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday. Weiss Ratings lowered Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada cut their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday. TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Friday. Finally, Mizuho boosted their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.70.

About Flowserve

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.