Category: Financial Analysts

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Willdan Group to Release Q1 2021 Earnings on May 4th: Financial Analysts Weigh In

Willdan Group to Release Q1 2021 Earnings on May 4th: Financial Analysts Weigh In

Willdan Group (NASDAQ:WLDN) is a organization that has been obtaining substantially notice from analysts recently, in anticipation of its earnings outcomes announcement established for May possibly 4th. Investors and the finance industry alike are eagerly awaiting the unveiling of the company’s quarterly earnings per share (EPS), which is predicted to tumble in the variety of ($.01). The company’s administration has previously established its FY 2023 assistance EPS between $1.24-$1.32, offering buyers with some indication of what they can assume in phrases of foreseeable future returns.

Numerous fiscal analysts have recently weighed in on Willdan Group and the outlook for its shares. Wedbush lifted their price tag target on Willdan Group shares from $16 to $20 back on March 10th, although EF Hutton Acquisition Co. I rated Willdan Group as a “buy” and gave a price tag goal of $24 that same working day. Additional not too long ago, StockNews.com initiated coverage on WLDN with a “hold” rating on March 16th.

Aside from the regular buzz encompassing an impending earnings report, some insider investing action at Willdan Group may have caught investors’ awareness currently as nicely. President Michael A. Bieber sold more than 2900 shares of the company’s stock on March 9th at an normal price tag of $17.03, amounting to practically $50k in full sales price. CEO Thomas Donald Brisbin also sold more than 2600 shares afterwards that week on March 13th, valued at close to $42k.

Whilst this insider marketing exercise may induce some short warning among the shareholders or possible traders, it is critical to be aware that it is nevertheless a somewhat tiny portion of the general out there stock (symbolizing considerably less than 1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} collectively) and numerous periods insiders market for good reasons unrelated to their self esteem in the company’s prolonged-term prospective buyers.

All eyes will be on Willdan Team as it announces its quarterly earnings outcomes on May well 4th. Investors keen to listen to much more about WLDN’s financials and foreseeable future prospective clients can comply with the company’s conference connect with using the offered website link.

Willdan Team Impresses with Q1 Earnings Report and Increasing Institutional Assistance

Willdan Group (NASDAQ:WLDN) is a construction enterprise that not long ago amazed analysts with its earnings report for the first quarter of 2021. The documented earnings per share (EPS) of $.25, which beat consensus estimates by $.07, and revenue of $113.26 million ended up marginally lower than anticipated, with the latter falling shorter by just below $10 million in comparison to consensus estimates.

Even with lacking revenue estimates, Willdan Team managed to keep a positive return on equity of 2.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This was achieved even with a destructive net margin of 1.97{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} – an outstanding feat for any building corporation in the recent economic climate.

Buyers showed faith in Willdan Group’s effectiveness and responded positively to the Q1 report, with shares opening at $14.08 on Thursday, up from a weekly minimal of $12.82 previously in the week.

Though Willdan Group has seasoned rate volatility in excess of the earlier calendar year, with shares fluctuating involving highs of pretty much $30 for every share and lows of all-around $11 for each share, there are indicators that institutional traders are increasing their stakes in the corporation.

UBS Team AG grew its stake in Willdan Group by 68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through Q3 2020, although Sei Investments Co. enhanced its stake by 11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through Q4 2020. BNP Paribas Arbitrage SA obtained an added 1,220 shares worth around $125,000 in the course of Q1 2021, indicating self-confidence in future advancement potential customers for the corporation.

Even with issues about ongoing uncertainty pertaining to world economic recovery amid pandemic-connected worries these types of as source chain disruptions and materials shortages influencing costs and job schedules for companies running in just different industries like design we can hope good returns from Willdan Group offered reliable repeat organization options from Condition companies who operate alternative applications regularly to make sure ongoing improvement in community security infrastructure tasks.

Analysts foresee EPS prices of roughly $1 for each the present-day and next fiscal several years. With a P/E ratio of -21.66 and a beta of 1.31, Willdan Group is properly-positioned to conduct nicely in the coming quarters, driven by strategic investments from institutional traders and reputable revenue streams from federal government businesses seeking continued enhancements to infrastructure across the nation.

In small, Willdan Group’s latest Q1 earnings report has instilled assurance in traders, even with slipping a little bit down below profits anticipations. With sound projections for future EPS and expanding institutional assist, this development enterprise is poised for steady expansion as it moves forward into the following fiscal yr.

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Education Finance Analyst Program Announces Selections for its Second Cohort

Education Finance Analyst Program Announces Selections for its Second Cohort

Five analysts depict the future technology of mission-pushed finance experts in schooling.

NEW YORK, April 26, 2023 /PRNewswire/ — Equitable Services Fund, Civic Builders and Afton Associates nowadays introduced their alternatives for the second cohort of the Education Finance Analyst (EFA) Program.

From a pool of 530 applications, 5 analysts have been selected to join the EFA System, a collaborative exertion concerning Equitable Facilities Fund, Civic Builders and Afton Companions to recruit, coach and use early-phase specialists from underrepresented backgrounds – making ready them to realize success in financial services roles throughout the training sector. 

“This new class of analysts signifies what the potential of education and learning finance can and need to glimpse like—professionals who reflect the communities we are seeking to much better provide,” claims Anand Kesavan, CEO of Equitable Services Fund. “I am notably energized that we have a amount of community constitution faculty students and employees alums joining our effort and hard work to increase entry to equitable education. They realize improved than most what our portfolio faculties mean to learners and people almost everywhere.”

“Congratulations to these dynamic young pros on their accomplishments to date and their determination to be a part of the EFA software,” says Carrie Stewart, managing lover of Afton Partners. “Afton and our client associates will be better for the expertise and lived encounter of our latest colleagues.”

“We are thrilled to start the next and expanded Training Finance Analyst cohort, a plan which advancements the frequent thread of our organizations’ missions to be certain all pupils have entry to a higher-excellent public schooling,” shared CEO of Civic Builders, David Umanksy. “We know this varied and gifted team of industry experts will deliver large perception and enthusiasm to our get the job done.”

Fulfill EFA’s 2023 course:

  • Rennic Liverpool joins Civic Builders from Babson School, wherever she programs to graduate with a Bachelor of Science in Small business Administration in Might. At Babson, Rennic serves as the chief operating officer of the Black University student Union, and is a Task Basta Fellow, a arduous 10-week job prep application created to aid first-era college or university pupils. Rennic is a public constitution school alum, graduating from Accomplishment First in Brooklyn.
  • Crystal Roman is a graduate of Mount Holyoke School, where by she gained a Bachelor of Arts in Sociology with a minimal in Latinx Experiments. She joins Afton Associates from Unheard of Colleges in Brooklyn, where she served as their director of exclusive tasks. There, Crystal oversaw the advancement of school extensive procedures, from transportation and technology to visible lifestyle and services. She graduated high college from Boston Prep Charter General public School.
  • Jason Huang is a Brooklyn native and eager to achieve further know-how into the bond markets and social impression investing. He joins Equitable Amenities Fund from Carahsoft Technological innovation Company and is a modern graduate of Baruch College, where he attained a Bachelor of Enterprise Administration in Finance and a minor in Interaction Reports.
  • Arielle Dorvilus is a graduate of SUNY Faculty at Outdated Westbury, where by she acquired a Bachelor of Science in Business enterprise Administration. There, Arielle was a member of The Collegiate Science and Technologies Entry Software, Accounting Society and Small business Club. She joins Equitable Facilities Fund from WellLife Network, a nonprofit committed to the wellness of New Yorkers confronted with disabilities, mental sickness and dependancy.
  • Yesha Shah is finishing her Learn of Science in Money Investigation at Rutgers University this May possibly and is signing up for Afton Associates. She completed her undergraduate experiments at Valdosta Point out College where she graduated with a Bachelor’s in Finance and Economics. There, she served as a board member of Ga FinTech Academy, a range talent progress initiative for the FinTech market designed for learners from throughout the College Process of Georgia. Yesha credits several several years at a STEM-concentrated community constitution college for shaping her robust get the job done ethic.

The two-yr, compensated fellowship offers complete-time employment and instruction with three veteran training fairness corporations. Analysts handle the monetary and serious estate challenges going through community constitution schools, a rising social investing sector that encourages academic equity, especially in economically deprived communities of colour. Each individual fellowship incorporates an preliminary 4-7 days education method designed to foster mission-alignment, comprehension of the instruction sector, growth of complex expertise and ongoing skilled advancement and enrichment.

Upon completion of the fellowship, analysts may perhaps be eligible for ongoing work or go on to just take roles with mission-oriented investors, charter schools and other corporations fully commited to leveraging finance for social fantastic. 

For far more facts on the Training Finance Analyst System, go to the website.

About Equitable Amenities Fund

Equitable Amenities Fund is a 501(c)(3) nonprofit social influence fund made to supply low-cost facility financial loans that enable higher-performing general public constitution schools to improve the assets they dedicate to learners. Large-top quality general public charter universities encourage dazzling futures for little ones across The usa and EFF thinks these educational institutions really should borrow less than conditions comparable to common public university districts. EFF administers a $1 billion, ‘A’ rated revolving personal loan fund, which recapitalizes working with resources from Equitable School Revolving Fund’s bond issuances, to present large-credit rating, scalable bond investment possibilities. To learn extra, stop by www.eqfund.org or e mail [email protected] 

About Civic Builders

Civic Builders is the nation’s top nonprofit financial institution and developer, bringing higher-good quality educational options to less than-resourced communities through the progress of community charter colleges. Because 2002, the firm has supported the expansion of 73 schools educating nearly 40,000 learners per year. Civic Builders companions with philanthropists and money companies to design and style and deal with cost-effective, new funding and improvement methods for high-high quality universities, addressing the full spectrum of facilities and financing issues so that school leaders can concentration on the vital function of educating pupils. Civic Builders’ portfolio signifies $1.45 billion invested into economically underserved communities to assure all students have accessibility to risk-free, favourable, and college student-centered understanding environments. Study extra at www.civicbuilders.org.

About Afton Partners 

Afton Companions makes significant change in our communities by reworking general public guidelines and practices so they are efficient, sustainable, and provide individuals who need to have it most. By partnering with general public companies and nonprofits in K-12 education, workforce progress, early childhood, and human providers, Afton builds potential, strengthens governance, and guarantees means are aligned and equitably distributed. Afton is a nationwide chief in constitution faculty money scheduling expert services. We have worked with much more than 70 constitution college networks of all sizes, from solitary-site operators just finding started off to the most significant charter college organizations in the nation. Our operate with charter educational facilities increases school source allocation decision earning, informs faculty facility and school growth organizing, and strengthens leadership and governance on fiscal issues. Find out far more at www.aftonpartners.com 

Supply Equitable Facilities Fund

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AMETEK Set to Release Q1 Earnings Results, Financial Analysts Predict Positive Performance

AMETEK Set to Release Q1 Earnings Results, Financial Analysts Predict Positive Performance

AMETEK (NYSE:AME), a global chief in digital devices and electromechanical products, is scheduled to release its quarterly earnings outcomes just before the opening of the sector on Tuesday, Could 2nd. Economical analysts be expecting a strong functionality from AMETEK during Q1, with predicted earnings for each share of $1.41.

The Pennsylvania-based business experienced delivered their Q1 steerage with projected earnings getting in the assortment of $1.38-$1.42 EPS alongside with their FY23 assistance at $5.84-$6.00 EPS as stated in their latest report. For all those interested, registration is readily available for the company’s earnings convention get in touch with using this connection.

In recent news, insider Ronald J.Oscher marketed 6,500 shares of the inventory on Wednesday, February 15th at an typical selling price of $145.28 ensuing in a total benefit of $944,320.00. Following the sale, he now directly owns 28,563 shares valued at $4,149,632.64 which was disclosed in a doc submitted with Securities & Exchange Fee.

Also worth noting is that director Anthony James Conti offered 2,000 shares of AMETEK’s stock on Friday March 3rd for a sum of $143.61 ensuing in a full worth of about about $287,220.00 which was also reported by SEC.

It has been identified as a result of disclosures filed by insiders that they have offered about 18 thousand shares well worth roughly all around $2 million within the very last a few months. At this time corporate insiders have about .72{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of AMETEK’s outstanding shares which may direct to fluctuations in cost as far more selling takes place or shopping for fills that void.

On March 31st AMETEK also released specifics regarding its quarterly dividend payout to shareholders traders who have been held shares till March 10th obtained an increased payout amounting to $.25 for every share as opposed to their preceding payout of $.22. This offers an annualized dividend of $1.00 and an approximated produce of .73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, which will come to a whole payout ratio of 19.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Over-all, market observers stay optimistic that AMETEK will carry on to demonstrate a good trajectory in the coming months as they have set their sights on achieving robust financial development for their traders in fiscal calendar year 2023 onwards.

AMETEK: The Technological Marvel Driving Innovation and Development

AMETEK: A Technological Marvel Major the Way

AMETEK (NYSE:AME) a short while ago released its earnings effects, and they have been amazing. The technological know-how chief reported $1.52 EPS for the quarter, which was previously mentioned analysts’ expectations of $1.47 by $.05. AMETEK experienced a internet margin of 18.85{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 18.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s earnings was up an unbelievable 8.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a 12 months-above-year basis with $1.63 billion in profits throughout the quarter in comparison to analysts’ expectations of $1.59 billion.

These wonderful effects may possibly not arrive as a surprise to those people by now common with the company’s sterling status as an industry leader for decades now. AMETEK drew headlines past yr when it acquired drone maker ECPINS, broadening its portfolio and expanding into new markets.

The acquisition is just a person example of how AMETEK carries on to innovate and press boundaries even following extra than a century in procedure. Due to the fact their founding in 1930, the American multi-billion-greenback business has produced strides in production tech-based mostly merchandise like instruments, automation techniques and sensors that serve a variety of industries together with aerospace, health care and communications.

Analysts have also forecasted ongoing accomplishment for AMETEK citing an typical estimate of earnings for each share (EPS) at $6 for fiscal 12 months 2021 adopted by an additional projected EPS at $6 for fiscal yr 2022.

Now traded at a cost-to-earnings ratio (P/E) of 27.49, AMETEK possess the likely to produce dividends that could reward traders significantly more than time.

In addition, quite a few reliable institutions have set constructive ratings on the firm’s stock effectiveness such as Morgan Stanley which rated it chubby and boosted the concentrate on rate from $152 to $155 whilst Loop Capital raised its cost aim from $160 to $164.

In less complicated conditions, AMETEK is a company that has acquired it all – from excellent financials to an skilled workforce of pros that regularly create state-of-the-art products and solutions. However, any expense includes some degree of hazard, but when taking into consideration its substantial achievements record and brilliant long term potential clients, AMETEK could be an appealing pick for buyers trying to find a solid organization situated on the chopping edge of today’s tech-current market offerings.

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Financial Analysts Provide Price Targets for Krispy Kreme

Financial Analysts Provide Price Targets for Krispy Kreme

On April 24, 2023, financial analyst Sergio Matsumoto of Citigroup introduced that he had preserved a Neutral score on Krispy Kreme (NASDAQ:DNUT) although boosting the rate target from $14 to $15. This suggests that Citigroup thinks the stock will perform in line with the current market and is at the moment priced reasonably. According to Citigroup’s new cost focus on, the retail store is predicted to boost by roughly 7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from its current price tag.

Other monetary analysts have supplied their cost targets for Krispy Kreme. Dependent on the 12-thirty day period value targets supplied by analysts in the very last a few months, the ordinary selling price focus on for DNUT is $16, with a substantial estimate of $20 and a very low estimate of $13. John Ivankoe, an analyst at JPMorgan, recently lowered the selling price concentrate on for Krispy Kreme to $13 from $15.

Traders are encouraged to look at the opinions of a number of analysts and carry out their investigate ahead of earning any investment decisions.

DNUT Inventory Analysis: Marketplace Cap, Earnings Progress, and Upcoming Outlook

On April 24, 2023, DNUT inventory opened at 15.22 and traded inside of a narrow variety concerning 15.12 and 15.34. The overall volume of shares traded was 35,660, considerably lower than the regular quantity of 890,426 in excess of the final three months.

DNUT, a foodstuff distributor in the distribution solutions sector, has a market place cap of $2.6B. The company’s earnings advancement final calendar year was 38.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, and this year it has grown by 14.62{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. DNUT’s projected earnings development for the next five decades is 23.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

DNUT is set to report its subsequent earnings on May 11, 2023, with an EPS forecast of $.07 for this quarter. The firm experienced an once-a-year earnings of $1.5B last yr, but its web profit margin was -1.05{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Regardless of the destructive web earnings margin, DNUT’s impressive earnings expansion and positive outlook for the upcoming make it an appealing financial investment possibility. However, investors should really intently observe the company’s money performance and business developments to make informed investment decision selections.

Krispy Kreme Incs Inventory Functionality & Analyst Predictions for 2023

On April 24, 2023, Krispy Kreme Inc’s stock, DNUT, closed for 15.31. The median concentrate on rate established by the 8 analysts who supply 12-thirty day period rate forecasts for the corporation is 15.00, with a significant estimate of 20.00 and a reduced estimate of 13.00. The consensus among the 8 polled expense analysts is to maintain inventory in Krispy Kreme Inc. The company noted earnings per share of $.07 and revenue of $402.1M for the latest quarter, with its earnings report scheduled for launch on May perhaps 11, 2023. Traders should really check the real earnings report and other information that could influence the company’s effectiveness in the upcoming.

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Manulife Financial Holds Strong with Caution from Analysts

Manulife Financial Holds Strong with Caution from Analysts

Manulife Money Fares Very well With Analysts: Holding Strong

Manulife Monetary Co. (TSE:MFC) (NYSE:MFC), a economical services service provider that operates internationally, has been supplied an in general score of “Hold” by twelve various brokerages in accordance to Bloomberg.com reviews. Out of the twelve assessments, 5 have rated the stock as “Hold,” a single as a “Buy,” and a person as a “Strong Buy.” The consensus appears to center all around caution that implies secure general performance with couple of standout prospects for growth indicated at existing. Unquestionably however, with 12 brokerages weighing in, we can find some variation in views on this inventory amongst business professionals.

With solid fiscal results exhibiting through its past quarterly update, even analysts projecting cautiousness could possibly be underestimating Manulife’s possible. In Q4 of 2016, the firm declared $.88 EPS for the quarter which exceeded envisioned analyst consensus figures of $.81 by $.07 reflecting a margin of 47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} net income and 12.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} return on equity – an extraordinary showing pretty much across the board.

Ascent through several organization styles is wherever Manulife differentiates itself from its opponents with a few distinctive segments by which they function to provide items and solutions globally prosperity & asset administration businesses, insurance policies and annuity products and a corporate supplying specialising in shaping payment techniques.

The monetary marketplace looks forward to viewing how continues to conduct from persisting wrestle to overcome recent regressions across sectors and addresses traits in just their industry sector in general about coming months.Manulife stays aware although has undeniably positioned itself at head-of-the-pack of the proverbial race toward efficiency & stability in finance sector supplied everything it has realized as effectively as explained options for future developments promising “transformation” with all markets remaining viewed as probable sources for enlargement & achievement.

Optimistic Studies Surrounding Manulife Economical – Greater Goal Charges and Beneficial Dividend Information

Manulife Financial, a primary provider of fiscal providers and solutions globally, has not long ago been the issue of various optimistic reviews from research firms. Between them is TD Securities which elevated its target rate for the company’s shares from C$30.00 to C$32.00 though offering it an “action listing buy” score. This was in a research report posted on February 16th, 2017. A different business, CSFB elevated Manulife Financial’s concentrate on share rate from C$27.00 to C$28.00 on February 17th, 2017, introducing body weight to the rising optimism bordering the corporation.

The next week noticed further developments with one more publication by CIBC on January 25th recommending Manulife Economic shares as just one well worth obtaining and increasing their focus on value from C$23.00 to $C27.00. Cormark also elevated their first price tag aim for shares of Manulife Economical from $C25.00 to $C27.00 in a launch on Monday, January 23rd, though Nationwide Bankshares announced its “sector perform” rating for the stock with an enhance in their price goal from C$26 to $C27 in the course of a report introduced on Thursday, February 16th.

Manulife Money Corporation manufactured C$26.19 during opening day trading on Friday right after acquiring a fifty-two week substantial of C$27.50 and very low of C$20.81 proving significantly liquidity in motion close to the inventory markets as well as item likely depending upon streamlining their activity channels by much better value reduction steps applied all through all concentrations together with credit card debt-to-fairness ratios and swift ratios.

Manulife Monetary presents insurance coverage and annuity goods and asset administration solutions alongside with mutual resources and exchange-traded money focused mainly in Asia (predominantly China with the latest regulatory enlargement), Canada ($15B whole Q4 income), United States (including John Hancock acquisition which had earnings enhance by an approximated 1.44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), and internationally (by way of HSBC partnerships, Citibank incorporation, and quite a few Australian monetary firms).

The company also disclosed by news resources that it would be spending out a quarterly dividend on March 20th, presented to stockholders of document on February 28th for $.365 for every share this is a optimistic development from Manulife’s previous quarterly total payout of $.33 as witnessed in the company’s ex-dividend date of February 27th with annualized returns of $1.46 for shareholders garnering dividends with predicted yields of up to around 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, surpassing stiff levels of competition.

In linked information, there has been big skin-in-the-activity buys created by Manulife Financial’s Director Donald Richard Lindsay who bought 50,000 shares in the company on two separate occasions totaling C$2,664,000. There was also studies that Director Marianne Harrison had marketed 36,995 shares at an typical selling price of C$26.78 ensuing in total proceeds for her shares amounting to C$990,607.72.

As companies await the possible outcomes right after enormous corporate tax reduction programs handed by the US Residence representatives as effectively as the remarkably predicted annual funds launch getting forecasted from Canadian prime minister Justin Trudeau later in March experts are optimistic that Manulife Economical can efficiently handle these developments though continually adapting to at any time-transforming global-scale problems placing on their own far aside from non-ground breaking competition.

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Jefferies Financial Group Analysts Raise Earnings Estimates for Flowserve Co. (NYSE:FLS)

Jefferies Financial Group Analysts Raise Earnings Estimates for Flowserve Co. (NYSE:FLS)

Flowserve Co. (NYSE:FLS – Get Rating) – Analysts at Jefferies Financial Group boosted their FY2023 earnings per share (EPS) estimates for shares of Flowserve in a research note issued to investors on Thursday, April 20th. Jefferies Financial Group analyst S. Boroditsky now forecasts that the industrial products company will post earnings per share of $1.70 for the year, up from their previous forecast of $1.66. The consensus estimate for Flowserve’s current full-year earnings is $1.68 per share. Jefferies Financial Group also issued estimates for Flowserve’s Q4 2023 earnings at $0.65 EPS, FY2024 earnings at $2.01 EPS and FY2025 earnings at $2.37 EPS.

Flowserve (NYSE:FLS – Get Rating) last posted its earnings results on Wednesday, February 22nd. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.43 by $0.20. Flowserve had a return on equity of 8.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 5.22{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.45 EPS. Flowserve’s revenue was up 13.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Flowserve in a research note on Thursday, February 23rd. Morgan Stanley upped their target price on Flowserve from $31.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, February 23rd. StockNews.com started coverage on Flowserve in a report on Thursday, March 16th. They set a “buy” rating on the stock. Bank of America upgraded Flowserve from a “neutral” rating to a “buy” rating and upped their target price for the stock from $33.00 to $40.00 in a report on Monday, January 30th. They noted that the move was a valuation call. Finally, TheStreet raised Flowserve from a “c” rating to a “b” rating in a research report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.56.

Flowserve Stock Down 0.9 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NYSE FLS opened at $33.27 on Friday. The stock has a fifty day moving average of $33.53 and a 200-day moving average of $31.53. The stock has a market capitalization of $4.36 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. Flowserve has a 52 week low of $23.89 and a 52 week high of $37.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.97.

Hedge Funds Weigh In On Flowserve

Several institutional investors and hedge funds have recently made changes to their positions in FLS. Envestnet Asset Management Inc. acquired a new position in shares of Flowserve in the first quarter valued at approximately $208,000. Raymond James & Associates grew its position in shares of Flowserve by 70.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Raymond James & Associates now owns 113,597 shares of the industrial products company’s stock valued at $4,078,000 after purchasing an additional 47,032 shares during the last quarter. American Century Companies Inc. grew its position in shares of Flowserve by 15.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. American Century Companies Inc. now owns 14,896 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 1,950 shares during the last quarter. US Bancorp DE grew its position in shares of Flowserve by 11.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. US Bancorp DE now owns 8,139 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 807 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Flowserve by 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Bank of Montreal Can now owns 159,979 shares of the industrial products company’s stock valued at $5,667,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 99.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Friday, March 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Thursday, March 23rd. Flowserve’s payout ratio is 55.94{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Flowserve Company Profile

(Get Rating)

Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through Flowserve Pumps Division and Flow Control Division segments. The Flowserve Pumps Division provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts, and related services.

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Earnings History and Estimates for Flowserve (NYSE:FLS)

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