Flowserve (NYSE:FLS) released its earnings results on Thursday. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.24, MarketWatch Earnings reports. Flowserve had a return on equity of 14.82% and a net margin of 3.77%. The company had revenue of $924.97 million during the quarter, compared to analyst estimates of $890.88 million.
Shares of NYSE:FLS traded down $2.07 on Friday, reaching $27.87. 3,106,033 shares of the company’s stock were exchanged, compared to its average volume of 855,258. The company has a current ratio of 2.19, a quick ratio of 1.57 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.78 and a beta of 1.81. The company has a fifty day moving average of $28.59 and a 200-day moving average of $32.24. Flowserve has a twelve month low of $18.98 and a twelve month high of $51.76.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Friday, June 19th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.87%. Flowserve’s payout ratio is presently 36.36%.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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