Flowserve Corporation (FLS) Receiving Somewhat Positive Press Coverage, Analysis Finds

Media headlines about Flowserve Corporation (NYSE:FLS) have been trending somewhat positive recently, according to Alpha One. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Flowserve Corporation earned a news sentiment score of 0.09 on Alpha One’s scale. Alpha One also assigned media headlines about the industrial products company an impact score of 62 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the next few days.

These are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Flowserve Corporation (NYSE:FLS)

Shares of Flowserve Corporation (NYSE FLS) remained flat at $47.45 during mid-day trading on Friday. The stock had a trading volume of 1,277,805 shares. Flowserve Corporation has a 52-week low of $39.13 and a 52-week high of $52.10. The stock’s 50 day moving average is $48.73 and its 200-day moving average is $48.69. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 51.02 and a beta of 1.52.

Flowserve Corporation (NYSE:FLS) last announced its quarterly earnings data on Monday, May 1st. The industrial products company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Flowserve Corporation had a return on equity of 15.76% and a net margin of 3.12%. The company had revenue of $863.63 million during the quarter, compared to the consensus estimate of $817.56 million. During the same quarter last year, the company earned $0.39 EPS. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Equities research analysts predict that Flowserve Corporation will post $1.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 23rd will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.60%. Flowserve Corporation’s dividend payout ratio (DPR) is presently 81.72%.

FLS has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “sell” rating and issued a $42.00 price target on shares of Flowserve Corporation in a research note on Tuesday, April 11th. BMO Capital Markets raised their target price on shares of Flowserve Corporation from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective (down from $55.00) on shares of Flowserve Corporation in a research report on Tuesday, February 21st. Zacks Investment Research lowered shares of Flowserve Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 23rd. Finally, BidaskClub upgraded shares of Flowserve Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Flowserve Corporation presently has an average rating of “Hold” and a consensus target price of $57.86.

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About Flowserve Corporation

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.

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