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July 24, 2014
09:20 EDTFLSFlowserve weakness a buying opportunity, says Cowen
Cowen expects shares of Flowserve to be weak following in-line Q2 results but they would use the weakness as a buying opportunity. The firm said Flowserve's order growth was not primarily driven by large projects, which leaves large project potential ahead of them. The firm has an Outperform rating with an $89 price target on the stock.
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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