Flowserve Corp (NYSE: FLS) on Tuesday, soared 2.90% from the previous trading day, before settling in for the closing price of $53.74. Within the past 52 weeks, FLS’s price has moved between $36.85 and $55.90.
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A company in the Industrials sector has jumped its sales by 2.80% annually for the last half of the decade. The company achieved an average annual earnings per share of 28.53%. With a float of $130.74 million, this company’s outstanding shares have now reached $130.91 million.
In an organization with 16000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 31.15%, operating margin of 10.24%, and the pretax margin is 7.75%.
Flowserve Corp (FLS) Insider Updates
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Flowserve Corp is 0.48%, while institutional ownership is 95.73%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 28.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.34% during the next five years compared to 9.20% growth over the previous five years of trading.
Flowserve Corp (NYSE: FLS) Trading Performance Indicators
Flowserve Corp (FLS) is currently performing well based on its current performance indicators. A quick ratio of 1.39 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.60. Likewise, its price to free cash flow for the trailing twelve months is 20.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.02, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 3.28 in one year’s time.
Technical Analysis of Flowserve Corp (FLS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.29 million. That was better than the volume of 1.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 82.11%. Additionally, its Average True Range was 1.33.
During the past 100 days, Flowserve Corp’s (FLS) raw stochastic average was set at 95.10%, which indicates a significant increase from 89.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.33% 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 $51.10, while its 200-day Moving Average is $47.51. However, in the short run, Flowserve Corp’s stock first resistance to watch stands at $55.93. Second resistance stands at $56.55. The third major resistance level sits at $57.70. If the price goes on to break the first support level at $54.16, it is likely to go to the next support level at $53.01. Assuming the price breaks the second support level, the third support level stands at $52.39.
Flowserve Corp (NYSE: FLS) Key Stats
Market capitalization of the company is 7.27 billion based on 131,376K outstanding shares. Right now, sales total 4,321 M and income totals 186,740 K. The company made 1,133 M in profit during its latest quarter, and 58,380 K in sales during its previous quarter.
