What is Zacks Research’s Estimate for Flowserve Q4 Earnings?

Flowserve Co. (NYSE:FLS) – Research analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for Flowserve in a note issued to investors on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.76. The consensus estimate for Flowserve’s current full-year earnings is $2.72 per share. Zacks Research also issued estimates for Flowserve’s Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.75 EPS, FY2025 earnings at $3.07 EPS, Q1 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.53 EPS.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus lifted their target price on Flowserve from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Bank of America raised their price target on Flowserve from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their target price on shares of Flowserve from $55.00 to $57.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, TD Cowen increased their price target on shares of Flowserve from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.10.

Flowserve Stock Up 0.9 %

Flowserve stock opened at $60.07 on Wednesday. The company has a fifty day simple moving average of $53.54 and a 200 day simple moving average of $50.12. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. Flowserve has a 1-year low of $37.24 and a 1-year high of $61.60. The company has a market cap of $7.89 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.38.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Flowserve had a return on equity of 17.10% and a net margin of 5.90%. Flowserve’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share.

Institutional Trading of Flowserve

A number of hedge funds have recently modified their holdings of the stock. National Bank of Canada FI lifted its position in Flowserve by 541.1% during the first quarter. National Bank of Canada FI now owns 415,732 shares of the industrial products company’s stock worth $20,616,000 after acquiring an additional 350,889 shares during the last quarter. Millennium Management LLC grew its stake in shares of Flowserve by 155.2% in the second quarter. Millennium Management LLC now owns 2,624,919 shares of the industrial products company’s stock valued at $126,259,000 after acquiring an additional 1,596,429 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Flowserve during the second quarter worth about $37,100,000. Wealth Enhancement Advisory Services LLC raised its stake in Flowserve by 5,256.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 612,298 shares of the industrial products company’s stock worth $29,452,000 after purchasing an additional 600,866 shares in the last quarter. Finally, Interval Partners LP boosted its holdings in Flowserve by 60.1% in the 2nd quarter. Interval Partners LP now owns 927,087 shares of the industrial products company’s stock valued at $44,593,000 after purchasing an additional 348,107 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.