Flowserve Corp (FLS) to Issue Quarterly Dividend of $0.19 on April 7th

Flowserve Corp (NYSE:FLS) announced a quarterly dividend on Friday, February 17th. Investors of record on Friday, March 24th will be paid a dividend of 0.19 per share on Friday, April 7th. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, March 22nd.

Shares of Flowserve Corp (NYSE:FLS) opened at 46.78 on Tuesday. The company has a 50-day moving average of $48.28 and a 200-day moving average of $47.40. Flowserve Corp has a 12 month low of $39.13 and a 12 month high of $52.50. The firm has a market cap of $6.11 billion, a P/E ratio of 42.14 and a beta of 1.58.

Flowserve Corp (NYSE:FLS) last released its earnings results on Thursday, February 16th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.07. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Flowserve Corp had a net margin of 3.60% and a return on equity of 17.93%. The company’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. Equities analysts forecast that Flowserve Corp will post $1.77 EPS for the current fiscal year.

Dividend History for Flowserve Corp (NYSE:FLS)

FLS has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Flowserve Corp from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Robert W. Baird downgraded shares of Flowserve Corp from a “neutral” rating to an “underperform” rating and set a $42.00 target price for the company. in a research report on Monday, December 12th. Seaport Global Securities raised shares of Flowserve Corp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $60.00 in a research report on Monday, January 23rd. Bank of America Corp raised shares of Flowserve Corp from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 8th. Finally, Royal Bank of Canada reissued a “sell” rating and issued a $38.00 target price on shares of Flowserve Corp in a research report on Thursday, January 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.94.

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Flowserve Corp 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.

5 Day Chart for NYSE:FLS

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