Zacks Research Forecasts Flowserve’s Q3 Earnings (NYSE:FLS)

Flowserve Corporation (NYSE:FLS) – Equities researchers at Zacks Research upped their Q3 2027 earnings per share (EPS) estimates for shares of Flowserve in a report issued on Tuesday, July 21st. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $1.25 per share for the quarter, up from their previous forecast of $1.22. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Flowserve’s current full-year earnings is $4.05 per share. Zacks Research also issued estimates for Flowserve’s Q4 2027 earnings at $1.37 EPS, FY2027 earnings at $4.59 EPS and Q1 2028 earnings at $1.12 EPS.

A number of other brokerages also recently weighed in on FLS. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Finally, Citigroup reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Flowserve has an average rating of “Moderate Buy” and a consensus price target of $86.70.

Flowserve Trading Up 1.0%

Shares of FLS stock opened at $67.39 on Wednesday. Flowserve has a 1 year low of $48.71 and a 1 year high of $92.41. The firm’s fifty day simple moving average is $72.85 and its 200 day simple moving average is $76.89. The firm has a market capitalization of $8.61 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business earned $0.72 earnings per share. Flowserve’s revenue for the quarter was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS.

Hedge Funds Weigh In On Flowserve

A number of hedge funds have recently made changes to their positions in the business. Fulton Bank N.A. bought a new position in shares of Flowserve during the 2nd quarter worth about $498,000. Revolve Wealth Partners LLC acquired a new stake in shares of Flowserve during the 2nd quarter valued at about $590,000. Legacy Wealth Asset Management LLC bought a new stake in Flowserve in the second quarter valued at about $249,000. Castle Rock Wealth Management LLC increased its stake in Flowserve by 9.8% in the second quarter. Castle Rock Wealth Management LLC now owns 12,480 shares of the industrial products company’s stock valued at $903,000 after acquiring an additional 1,115 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in Flowserve by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,682 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insiders Place Their Bets

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is 32.59%.

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.