Flowserve (NYSE:FLS) Announces Earnings Results, Beats Expectations By $0.09 EPS

Flowserve (NYSE:FLS) issued its earnings results on Wednesday. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09, FiscalAI reports. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.91 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Flowserve updated its FY 2026 guidance to 4.050-4.200 EPS.

Flowserve Stock Performance

Shares of FLS stock traded down $3.39 during trading on Wednesday, reaching $70.04. The company had a trading volume of 2,756,308 shares, compared to its average volume of 1,716,763. The firm’s 50 day simple moving average is $73.47 and its two-hundred day simple moving average is $76.89. Flowserve has a one year low of $48.71 and a one year high of $92.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The company has a market capitalization of $8.95 billion, a PE ratio of 19.48, a PEG ratio of 1.65 and a beta of 1.23.

Flowserve Dividend Announcement

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

Insider Transactions at Flowserve

In related news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their position. The purchase 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 insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after acquiring an additional 1,676,284 shares during the period. Merewether Investment Management LP bought a new position in shares of Flowserve in the second quarter worth about $46,555,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Flowserve by 102.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after purchasing an additional 877,327 shares during the last quarter. Amundi boosted its stake in Flowserve by 414.3% during the 4th quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock valued at $72,689,000 after purchasing an additional 843,995 shares during the period. Finally, No Street GP LP bought a new stake in Flowserve during the 3rd quarter valued at approximately $18,599,000. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FLS. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Stifel Nicolaus set a $92.00 price objective on shares of Flowserve in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.70.

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.