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Analysts See $0.42 EPS for Flowserve Corporation (FLS) - Money Making Articles Hot Stuff

Analysts See $0.42 EPS for Flowserve Corporation (FLS)

October 14, 2018 - By Ellis Scott

Flowserve Corporation (NYSE:FLS) LogoInvestors sentiment decreased to 0.89 in Q2 2018. Its down 0.11, from 1 in 2018Q1. It turned negative, 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.
Scopus Asset Management Lp holds 0.05% or 133,500 shares in its portfolio. Guardian Life Of America, New York-based fund reported 363 shares. Stephens Ar has invested 0.03% in Flowserve Corporation (NYSE:FLS). Moreover, Torch Wealth Management Limited Co has 0.21% invested in Flowserve Corporation (NYSE:FLS). Sun Life Inc has 354 shares. Cim Investment Mangement has invested 0.1% of its portfolio in Flowserve Corporation (NYSE:FLS). Monarch Mngmt Incorporated holds 80,665 shares. 5,423 were reported by Trexquant Invest L P. State Of Alaska Department Of Revenue, a Alaska-based fund reported 30,630 shares. Eaton Vance Mngmt stated it has 20,082 shares. Teachers Retirement Of The State Of Kentucky owns 15,500 shares. Regions Financial invested in 4,707 shares or 0% of the stock. Rampart Investment Management Ltd Liability Corp accumulated 7,280 shares. Harris Associate Limited Partnership owns 341,307 shares. Mesirow Invest Mgmt accumulated 0.12% or 32,460 shares.

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. Northcoast upgraded the shares of FLS in report on Thursday, September 13 to “Buy” rating. The stock of Flowserve Corporation (NYSE:FLS) has “Hold” rating given on Monday, October 8 by Stifel Nicolaus. On Monday, May 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, August 10 report. Citigroup maintained the shares of FLS in report on Friday, August 10 with “Neutral” rating. The firm has “Hold” rating by Stifel Nicolaus given on Monday, August 13. The stock of Flowserve Corporation (NYSE:FLS) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 10.

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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