Flowserve Corporation (FLS) Analysts See $0.42 EPS

October 14, 2018 - By Dolores Ford

Flowserve Corporation (NYSE:FLS) LogoInvestors sentiment decreased to 0.89 in Q2 2018. Its down 0.11, from 1 in 2018Q1. It dived, as 27 investors sold Flowserve Corporation shares while 113 reduced holdings. 36 funds opened positions while 88 raised stakes. 138.41 million shares or 1.89% more from 135.85 million shares in 2018Q1 were reported.
Element Cap Ltd Limited Liability Company invested 0.4% in Flowserve Corporation (NYSE:FLS). Ameriprise Inc holds 0% of its portfolio in Flowserve Corporation (NYSE:FLS) for 59,897 shares. 8,626 are owned by Nordea Mngmt Ab. Numerixs Investment Technology owns 0.04% invested in Flowserve Corporation (NYSE:FLS) for 3,968 shares. Westfield Capital Management L P invested 0.44% in Flowserve Corporation (NYSE:FLS). Oregon Public Employees Retirement Fund holds 14,185 shares. Csat Invest Advisory Lp holds 742 shares or 0.02% of its portfolio. Gulf Commercial Bank (Uk) Ltd stated it has 0.02% in Flowserve Corporation (NYSE:FLS). California Employees Retirement System holds 361,856 shares. Bryn Mawr invested 0.07% in Flowserve Corporation (NYSE:FLS). Cubist Systematic Strategies Limited Liability Company accumulated 25,300 shares. Fjarde Ap reported 43,636 shares. American Natl Registered Advisor Inc invested in 0.15% or 7,967 shares. Eaton Vance Mgmt accumulated 20,082 shares. Caledonia Public Ltd Company reported 819,063 shares stake.

Analysts expect Flowserve Corporation (NYSE:FLS) to report $0.42 EPS on November, 7.They anticipate $0.05 EPS change or 13.51 % from last quarter’s $0.37 EPS. FLS’s profit would be $54.96M giving it 29.79 P/E if the $0.42 EPS is correct. After having $0.22 EPS previously, Flowserve Corporation’s analysts see 90.91 % EPS growth. The stock increased 1.25% or $0.62 during the last trading session, reaching $50.04. About 1.67M shares traded or 51.83% up from the average. Flowserve Corporation (NYSE:FLS) has risen 31.67% since October 14, 2017 and is uptrending. It has outperformed by 16.05% the S&P500.

Flowserve Corporation (NYSE:FLS) Ratings Coverage

Among 8 analysts covering Flowserve (NYSE:FLS), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Flowserve had 10 analyst reports since May 14, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, August 10 by Citigroup. The stock of Flowserve Corporation (NYSE:FLS) earned “Hold” rating by Stifel Nicolaus on Monday, May 14. The firm earned “Hold” rating on Monday, August 13 by Stifel Nicolaus. Northcoast upgraded the shares of FLS in report on Thursday, September 13 to “Buy” rating. The stock of Flowserve Corporation (NYSE:FLS) has “Market Perform” rating given on Friday, August 10 by BMO Capital Markets. Stifel Nicolaus maintained it with “Hold” rating and $52 target in Monday, October 8 report. RBC Capital Markets maintained Flowserve Corporation (NYSE:FLS) rating on Friday, August 10. RBC Capital Markets has “Sector Perform” rating and $44 target.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $6.55 billion. The firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD), and Flow Control Division (FCD). It currently has negative earnings. 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.

Another recent and important Flowserve Corporation (NYSE:FLS) news was published by Gurufocus.com which published an article titled: “Recent Analysis Shows FMC, Sensient Technologies, Flowserve, Consolidated Edison, KapStone Paper and …” on October 03, 2018.

Flowserve Corporation (NYSE:FLS) Institutional Positions Chart

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