On Friday, Flowserve Corp. (NYSE: FLS) opened lower -0.51% from the last session, before settling in for the closing price of $54.79. Price fluctuations for FLS have ranged from $35.31 to $55.90 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 2.80%. Company’s average yearly earnings per share was noted 31.45% at the time writing. With a float of $130.74 million, this company’s outstanding shares have now reached $130.91 million.
Considering the fact that the conglomerate employs 16000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 30.54%, operating margin of 9.59%, and the pretax margin is 6.91%.
Flowserve Corp. (FLS) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Flowserve Corp. is 0.48%, while institutional ownership is 95.81%. The most recent insider transaction that took place on May 23 ’24, was worth 2,842,583. In this transaction President & CEO of this company sold 57,731 shares at a rate of $49.24, taking the stock ownership to the 349,512 shares. Before that another transaction happened on May 22 ’24, when Company’s President & CEO sold 42,269 for $49.98, making the entire transaction worth $2,112,605. This insider now owns 407,243 shares in total.
Flowserve Corp. (FLS) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.43) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.50% during the next five years compared to 9.20% growth over the previous five years of trading.
Flowserve Corp. (NYSE: FLS) Trading Performance Indicators
Check out the current performance indicators for Flowserve Corp. (FLS). In the past quarter, the stock posted a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.59. Likewise, its price to free cash flow for the trailing twelve months is 27.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.93, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 3.18 in one year’s time.
Technical Analysis of Flowserve Corp. (FLS)
Compared to the last year’s volume of 1.07 million, its volume of 1.05 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 68.56%. Additionally, its Average True Range was 1.23.
During the past 100 days, Flowserve Corp.’s (FLS) raw stochastic average was set at 88.64%, which indicates a significant increase from 72.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.79% in the past 14 days, which was lower than the 29.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.63, while its 200-day Moving Average is $46.71. Nevertheless, the first resistance level for the watch stands at $54.99 in the near term. At $55.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.84. If the price goes on to break the first support level at $54.13, it is likely to go to the next support level at $53.75. Now, if the price goes above the second support level, the third support stands at $53.28.
Flowserve Corp. (NYSE: FLS) Key Stats
There are currently 131,654K shares outstanding in the company with a market cap of 7.16 billion. Presently, the company’s annual sales total 4,321 M according to its annual income of 186,740 K. Last quarter, the company’s sales amounted to 1,157 M and its income totaled 72,620 K.
