Flowserve Corp. (NYSE: FLS) has reported earnings for its third fiscal quarter (ending September 30) of $0.44 versus $0.35 for the same period a year ago — an increase of 26%. For the latest four quarters through September 30, E.P.S. were $2.04 versus $1.88 for the same period a year ago — an increase of 9%.
Recent Price Action
Flowserve Corp. (NYSE: FLS) stock rose modestly by 0.5% on 10/28/24. The stock closed at $52.94. Moreover, trading volume in this advance was unusually high at 151% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.9% during the last week.
Current PriceTarget Research Rating
FLS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Flowserve has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Flowserve has a poor Appreciation Score of 19 but a good Power Rating of 82, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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