For its second fiscal quarter (ending June 30), Flowserve Corp. (NYSE: FLS) has reported E.P.S. of $0.55 compared to $0.39 a year ago. For the latest four quarters through June 30, E.P.S. were $1.95 versus $1.81 for the same period a year ago.
Recent Price Action
On 7/29/24, Flowserve Corp. (NYSE: FLS) stock rose modestly by 0.4%, closing at $50.89. Moreover, above average trading volume at 127% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.5% 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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Flowserve has a poor Appreciation Score of 30 but a very high Power Rating of 89, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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