Flowserve: More Room To Run Despite The Stock's Recent Rally [Seeking Alpha]
Flowserve Corporation (FLS)
Last flowserve corporation earnings: 2/17 04:20 pm
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US:NYSE Investor Relations:
ir.flowserve.com
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Source: Seeking Alpha
10min Summary I expect the MOGAS acquisition and the strong revenue and profitability growth to sustain Flowserve's momentum, despite cash flow concerns. Free cash flow dropped by 480% in Q2, but management projects 80%+ cash flow conversion by year-end. Net debt declined 11%, showing a healthy balance sheet with decent liquidity ratios, including a current ratio of 2.0 and a quick ratio of 1.4. FLS's exposure to the Middle East accounts for 16% of total revenue, presenting geopolitical risks due to current conflicts. I maintain a Buy rating due to strong momentum, solid revenue growth, an improving balance sheet, and expected cash flow recovery in the second half of the year. loonger/E+ via Getty Images Flowserve Corporation ( NYSE: FLS ) has recently been in the spotlight after announcing they've completed the acquisition of MOAS Industries. With Q3 2024 earnings in just a few weeks, investors are wondering if the strong momentum Flowserve has shown This article
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FLS
News
- Flowserve: The Case For Picks And Shovels [Seeking Alpha]Seeking Alpha
- Oil and Gas Processing Seals Industry Report 2024 - Single Seal Segment is Forecast to Reach US$5.2 Billion by 2030 with a CAGR of a 3.5% [Yahoo! Finance]Yahoo! Finance
- Flowserve Announces Upcoming Investor EventsBusiness Wire
- Flowserve Co. (NYSE: FLS) had its price target raised by analysts at Royal Bank of Canada from $55.00 to $57.00. They now have a "sector perform" rating on the stock.MarketBeat
- Flowserve Co. (NYSE: FLS) had its price target raised by analysts at Bank of America Co. from $60.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
FLS
Earnings
- 10/28/24 - Miss
FLS
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- FLS's page on the SEC website