EPS for Flowserve Corporation (FLS) Expected At $0.35

July 16, 2018 - By Mark Babin

Flowserve Corporation (NYSE:FLS) LogoInvestors sentiment increased to 1 in 2018 Q1. Its up 0.02, from 0.98 in 2017Q4. It improved, as 29 investors sold Flowserve Corporation shares while 108 reduced holdings. 40 funds opened positions while 97 raised stakes. 135.85 million shares or 2.48% more from 132.57 million shares in 2017Q4 were reported.
Woodstock holds 0.23% of its portfolio in Flowserve Corporation (NYSE:FLS) for 28,600 shares. Westpac Banking Corporation reported 0% in Flowserve Corporation (NYSE:FLS). Westfield Cap Company Lp owns 1.41 million shares for 0.47% of their portfolio. Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Flowserve Corporation (NYSE:FLS) for 15,500 shares. Caisse De Depot Et Placement Du Quebec accumulated 1.89M shares or 0.2% of the stock. Moreover, Aviva Public Lc has 0.02% invested in Flowserve Corporation (NYSE:FLS) for 67,241 shares. Baystate Wealth Mgmt has invested 0% in Flowserve Corporation (NYSE:FLS). Natixis Advsrs Lp has 35,478 shares. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 155,000 shares. Whittier holds 0% of its portfolio in Flowserve Corporation (NYSE:FLS) for 111 shares. Illinois-based First Advsr Ltd Partnership has invested 0.03% in Flowserve Corporation (NYSE:FLS). Tocqueville Asset Management Limited Partnership has invested 0.1% in Flowserve Corporation (NYSE:FLS). Eaton Vance Mngmt accumulated 20,621 shares. Covington Capital Mgmt has invested 0% in Flowserve Corporation (NYSE:FLS). Glenmede Trust Na accumulated 0% or 63 shares.

Analysts expect Flowserve Corporation (NYSE:FLS) to report $0.35 EPS on July, 26.They anticipate $0.13 EPS change or 59.09 % from last quarter’s $0.22 EPS. FLS’s profit would be $45.79 million giving it 29.42 P/E if the $0.35 EPS is correct. After having $0.27 EPS previously, Flowserve Corporation’s analysts see 29.63 % EPS growth. The stock decreased 2.09% or $0.88 during the last trading session, reaching $41.19. About 464,814 shares traded. Flowserve Corporation (NYSE:FLS) has declined 11.71% since July 16, 2017 and is downtrending. It has underperformed by 24.28% the S&P500.

Flowserve Corporation (NYSE:FLS) Ratings Coverage

Among 5 analysts covering Flowserve Corp (NYSE:FLS), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Flowserve Corp had 6 analyst reports since January 25, 2018 according to SRatingsIntel. The rating was upgraded by RBC Capital Markets to “Hold” on Monday, February 19. The rating was maintained by Stifel Nicolaus on Tuesday, February 20 with “Hold”. The stock has “Hold” rating by Robert W. Baird on Wednesday, April 4. The firm has “Hold” rating by Stifel Nicolaus given on Monday, May 14. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, January 25.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $5.39 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.

Flowserve Corporation (NYSE:FLS) Institutional Positions Chart

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