A new trading day began on Friday, with Flowserve Corp (NYSE: FLS) stock price up 1.58% from the previous day of trading, before settling in for the closing price of $60.05. FLS’s price has ranged from $37.24 to $61.60 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%. Meanwhile, its annual earnings per share averaged 28.60%. With a float of $130.76 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 31.15%, operating margin of 10.24%, and the pretax margin is 7.75%.
Flowserve Corp (FLS) Breakdown of a Key Holders of the stock
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 Corp is 0.47%, while institutional ownership is 94.30%. 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
According to the Wall Street analysts, stocks earnings will be around 28.60% 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
Here are Flowserve Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79. Likewise, its price to free cash flow for the trailing twelve months is 23.22.
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)
Compared to the last year’s volume of 1.11 million, its volume of 1.64 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.42%. Additionally, its Average True Range was 1.37.
During the past 100 days, Flowserve Corp’s (FLS) raw stochastic average was set at 93.78%, which indicates a significant increase from 86.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.09% in the past 14 days, which was higher than the 31.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.39, while its 200-day Moving Average is $48.76. Nevertheless, the first resistance level for the watch stands at $61.88 in the near term. At $62.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $63.37. If the price goes on to break the first support level at $60.39, it is likely to go to the next support level at $59.78. Now, if the price goes above the second support level, the third support stands at $58.90.
Flowserve Corp (NYSE: FLS) Key Stats
With a market capitalization of 8.14 billion, the company has a total of 131,376K Shares Outstanding. Currently, annual sales are 4,321 M while annual income is 186,740 K. The company’s previous quarter sales were 1,133 M while its latest quarter income was 58,380 K.
