A new trading day began on May 23, 2023, with Flowserve Corporation (NYSE: FLS) stock priced at $34.88, down -1.91% from the previous day of trading. During the day, the shares moved up to $35.21 and dropped to $34.37 before settling in for the closing price of $35.07. FLS’s price has ranged from $23.89 to $38.86 over the past 52 weeks.
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A company in the Industrials sector has dropped its sales by -0.30% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 49.30%. With a float of $130.24 million, this company’s outstanding shares have now reached $130.93 million.
In an organization with 16000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +27.51, operating margin of +5.35, and the pretax margin is +4.27.
Flowserve Corporation (FLS) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Flowserve Corporation is 0.41%, while institutional ownership is 107.53%.
Flowserve Corporation (FLS) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.4 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +5.22 while generating a return on equity of 10.40. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 49.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 9.90% growth over the previous five years of trading.
Flowserve Corporation (NYSE: FLS) Trading Performance Indicators
Here are Flowserve Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.76, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 2.24 in one year’s time.
Technical Analysis of Flowserve Corporation (FLS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.86 million. That was inferior than the volume of 0.87 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.38%. Additionally, its Average True Range was 0.92.
During the past 100 days, Flowserve Corporation’s (FLS) raw stochastic average was set at 51.15%, which indicates a significant increase from 9.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.45% in the past 14 days, which was lower than the 29.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.42, while its 200-day Moving Average is $31.60. However, in the short run, Flowserve Corporation’s stock first resistance to watch stands at $34.95. Second resistance stands at $35.50. The third major resistance level sits at $35.79. If the price goes on to break the first support level at $34.11, it is likely to go to the next support level at $33.82. Assuming the price breaks the second support level, the third support level stands at $33.27.
Flowserve Corporation (NYSE: FLS) Key Stats
With a market capitalization of 4.53 billion, the company has a total of 131,149K Shares Outstanding. Currently, annual sales are 3,615 M while annual income is 188,690 K. The company’s previous quarter sales were 980,310 K while its latest quarter income was 26,770 K.
