Analysts See $0.52 EPS for Flowserve Corporation (FLS)

February 14, 2018 - By Maria Brooks

 Analysts See $0.52 EPS for Flowserve Corporation (FLS)
Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.36, from 1.2 in 2017Q2. It dived, as 45 investors sold Flowserve Corporation shares while 121 reduced holdings. 33 funds opened positions while 107 raised stakes. 132.21 million shares or 0.78% more from 131.19 million shares in 2017Q2 were reported.
Sun Life Inc holds 0% or 962 shares. The California-based Tarbox Family Office has invested 0% in Flowserve Corporation (NYSE:FLS). Gotham Asset Mgmt Ltd Liability reported 106,000 shares. 32,108 were reported by Bb&T Ltd Liability Corporation. American Natl Registered Investment Advisor stated it has 8,192 shares. Voya Inv Management Limited Liability Co stated it has 0.01% of its portfolio in Flowserve Corporation (NYSE:FLS). Golub Grp Ltd Liability holds 4.84% or 1.22M shares. Thompson Rubinstein Investment Mngmt Or holds 1.31% or 88,199 shares. Stifel holds 0% of its portfolio in Flowserve Corporation (NYSE:FLS) for 12,798 shares. Comml Bank Of The West owns 8,361 shares. Canada Pension Plan Inv Board holds 0% or 5,210 shares. Manning Napier Advsr Limited Liability has invested 0.02% in Flowserve Corporation (NYSE:FLS). Neuberger Berman Gp Ltd Company holds 4,966 shares or 0% of its portfolio. Camarda Fincl Advsrs Limited Liability Company owns 304 shares or 0.01% of their US portfolio. Asset Management accumulated 9,183 shares or 0.01% of the stock.

Analysts expect Flowserve Corporation (NYSE:FLS) to report $0.52 EPS on February, 15.They anticipate $0.20 EPS change or 27.78 % from last quarter’s $0.72 EPS. FLS’s profit would be $67.93 million giving it 19.75 P/E if the $0.52 EPS is correct. After having $0.37 EPS previously, Flowserve Corporation’s analysts see 40.54 % EPS growth. The stock decreased 0.80% or $0.33 during the last trading session, reaching $41.09. About 1.20M shares traded. Flowserve Corporation (NYSE:FLS) has risen 9.35% since February 14, 2017 and is uptrending. It has underperformed by 7.35% the S&P500.

Flowserve Corporation (NYSE:FLS) Ratings Coverage

Among 24 analysts covering Flowserve Corporation (NYSE:FLS), 6 have Buy rating, 3 Sell and 15 Hold. Therefore 25% are positive. Flowserve Corporation had 80 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, November 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. Suntrust Robinson initiated the stock with “Neutral” rating in Tuesday, November 3 report. Maxim Group maintained Flowserve Corporation (NYSE:FLS) rating on Tuesday, February 2. Maxim Group has “Buy” rating and $48 target. The stock has “Buy” rating by Seaport Global Securities on Monday, January 23. The firm earned “Underperform” rating on Monday, November 2 by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Tuesday, June 27 with “Buy”. The firm earned “Market Perform” rating on Friday, November 3 by BMO Capital Markets. On Wednesday, March 15 the stock rating was upgraded by Robert W. Baird to “Neutral”. The rating was maintained by BMO Capital Markets with “Buy” on Monday, October 16. Jefferies maintained the stock with “Buy” rating in Thursday, July 13 report.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $5.37 billion. The firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD), and Flow Control Division (FCD). It has a 31.88 P/E ratio. The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services, as well as makes gas-lubricated mechanical seal that is used in high-speed compressors.

More recent Flowserve Corporation (NYSE:FLS) news were published by: Businesswire.com which released: “Flowserve Chief Executive Officer Scott Rowe to Present at Gabelli & Company’s …” on February 13, 2018. Also Twst.com published the news titled: “Flowserve Corporation: Flowserve Announces Dates for Fourth Quarter and Full …” on February 01, 2018. Streetinsider.com‘s news article titled: “Form SC 13G/A FLOWSERVE CORP Filed by: First Eagle Investment Management, LLC” with publication date: February 07, 2018 was also an interesting one.

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