Flowserve Corp (NYSE:FLS) announced a quarterly dividend on Thursday, May 23rd, RTT News reports. Shareholders of record on Friday, June 21st will be paid a dividend of 0.19 per share by the industrial products company on Friday, July 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%.
Shares of NYSE:FLS traded down $1.17 during trading on Thursday, reaching $48.69. 1,260,205 shares of the company traded hands, compared to its average volume of 1,269,983. The firm has a market capitalization of $6.64 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.66. Flowserve has a 1-year low of $35.88 and a 1-year high of $56.86. The company has a quick ratio of 1.57, a current ratio of 2.17 and a debt-to-equity ratio of 0.91.
Flowserve (NYSE:FLS) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $890.05 million during the quarter, compared to analyst estimates of $943.79 million. Flowserve had a net margin of 4.25% and a return on equity of 13.46%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts expect that Flowserve will post 2.19 earnings per share for the current fiscal year.
In other news, insider John Lenander sold 6,818 shares of Flowserve stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $44.75, for a total transaction of $305,105.50. Following the sale, the insider now directly owns 22,130 shares in the company, valued at approximately $990,317.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by insiders.
Flowserve Company Profile
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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