Flowserve Corporation (NYSE:FLS) manufacturer of industrial flow management equipments, is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.44 per share.
Looking ahead, the full year income are expected at $ 1.67 per share on the revenues of $ 3633.81 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,063.00 million ~ $ 4,142.00 million, where as bottomline are predicted in a range of $ 2.30 ~ $ 2.45 per share
Click Here For More Historical Outlooks Of Flowserve Corporation
Previous Quarter Performance
Flowserve Corporation posted income for the second quarter of $ 0.53 per share, from the revenue of $ 924.97 million. The quarterly earnings dropped 1.85 percent while revenues shrunk 6.58 percent compared with the same quarter last year.
Street analysts expected Flowserve Corporation to report income of $ 0.28 per share on revenue of $ 882.99 million for the second quarter. The bottom line results beat street analysts by $ 0.25 or 89.29 percent, at the same time, top line results outshined analysts by $ 41.98 million or 4.75 percent.
Stock Performance
Shares of Flowserve Corporation traded low $ -1.56 or -4.94 percent on Wednesday, reaching $ 30.02 with volume of 1.14 million shares. Flowserve Corporation has traded high as $ 30.91 and has cracked $ 29.31 on the downward trend
The closing price of $ 30.02, representing a 66.39 % increase from the 52 week low of $ 18.98 and a 38.38 % decrease over the 52 week high of $ 51.25.
The company has a market capital of $ 3.91 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
On August 14, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on September 18, 2020, with payment date of October 2, 2020 and ex-dividend date on September 17, 2020.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines.
