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Stock Market & Financial Investment News

News Breaks
July 25, 2014
08:21 EDTFLSFlowserve upgraded to Buy from Hold at Maxim
Maxim upgraded Flowserve to Buy from Hold following the Q2 report. The firm said Flowserve's leverage was demonstrated in Q2 and backlog is expected to increase in the coming quarters. Price target is $92.
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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