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April 25, 2014
08:15 EDTFLSFlowserve weakness creates buying opportunity, says Oppenheimer
After Flowserve reported in-line Q1 EPS while its OE orders fell 15% year-over-year, Oppenheimer thinks the company has a number of positive catalysts, including attractive project awards in April and strong gross margin improvements. The firm notes that the company's EPs guidance remains unchanged, and it reiterates an Outperform rating.
News For FLS From The Last 14 Days
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July 30, 2015
16:47 EDTFLSFlowserve sees 2015 adjusted EPS $3.10-$3.40, consensus $3.25
Sees 2015 revenue down 10%-15% vs. last year. The company said, "Based upon current market conditions and traditional seasonality, but supported by a solid backlog and strong operating profile, Flowserve today revised its 2015 Adjusted EPS guidance to $3.10 to $3.40 and now expects full-year revenues, excluding SIHI, to be down 10% to 15% versus prior year, which includes an expected 10% currency headwind."
16:46 EDTFLSFlowserve reports Q2 adjusted EPS 80c, consensus 79c
Reports Q2 revenue $1.16B, consensus $1.13B. Bookings were $1.12B, including $61.5M from SIHI. Backlog at June 30 was $2.68B.
July 27, 2015
10:00 EDTFLSOn The Fly: Analyst Downgrade Summary
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09:12 EDTFLSFlowserve downgraded to Hold from Buy at BB&T
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