Flowserve Corp. (FLS) – Don’t Be So Quick to Call it Dead

Flowserve Corp. (NYSE: FLS) is 0.29% higher on its value in year-to-date trading and has touched a low of $29.99 and a high of $41.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLS stock was last observed hovering at around $41.09 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $41.34, the stock is 2.14% and 3.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 0.61% at the moment leaves the stock 8.95% off its SMA200. FLS registered 17.81% gain for a year compared to 6-month gain of 5.57%. The firm has a 50-day simple moving average (SMA 50) of $1.54 and a 200-day simple moving average (SMA200) of $17.66.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a 3.90% loss in the last 1 month and extending the period to 3 months gives it a 10.89%, and is 1.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.46% over the week and 1.84% over the month.

Flowserve Corp. (FLS) has around 16000 employees, a market worth around $5.42B and $4.19B in sales. Current P/E ratio is 22.19 and Fwd P/E is 16.34. Profit margin for the company is 5.85%. Distance from 52-week low is 37.85% and -1.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.48%).

Flowserve Corp. quarterly earnings per share for the current quarter are estimated at $0.6 with sales reaching $1.14B over the same period.The EPS is expected to grow by 83.88% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 9.70% in year-over-year returns.

473 institutions hold shares in Flowserve Corp. (FLS), with institutional investors hold 100.07% of the company’s shares. The shares outstanding are 131.21M, and float is at 130.48M with Short Float at 0.83%. Institutions hold 99.65% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 13.19 million shares valued at $489.99 million. The investor’s holdings represent 10.05% of the FLS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.05 million shares valued at $410.4 million to account for 8.42% of the shares outstanding. The other top investors are First Eagle Investment Management, LLC which holds 10.94 million shares representing 8.34% and valued at over $406.28 million, while Wellington Management Group, LLP holds 7.54% of the shares totaling 9.89 million with a market value of $367.35 million.

Flowserve Corp. (FLS) Insider Activity

A total of 0 insider transactions have happened at Flowserve Corp. (FLS) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Flowserve Corp. (FLS): Who are the competitors?

One of the company’s main competitors (and peers) include IDEX Corp. (IEX) that is trading -0.04% down over the past 12 months.Graco Inc. (GGG) lies in the list of competitors of the Flowserve Corp. and is 24.02% higher over the same period from FLSParker Hannifin Corp. (PH) is 47.76% up on the 1-year trading charts.