|Bid||36.69 x 1100|
|Ask||37.23 x 800|
|Day's Range||36.45 - 37.88|
|52 Week Range||18.98 - 42.54|
|Beta (5Y Monthly)||1.79|
|PE Ratio (TTM)||41.57|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.80 (2.16%)|
|Ex-Dividend Date||Mar 25, 2021|
|1y Target Est||37.75|
Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Scott Rowe, president and chief executive officer, will present virtually at the 26th Annual Credit Suisse Energy Summit on March 2, 2021 from 11:40 a.m. to 12:10 p.m. CST.
FLS earnings call for the period ending December 31, 2020.
Right now, Flowserve Inc. (NYSE:FLS) share price is at $37.19, after a 5.90% drop. Over the past month, the stock spiked by 1.56%, but over the past year, it actually fell by 7.97%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. The stock is currently higher from its 52 week low by 95.94%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Machinery stocks, and capitalize on the lower share price observed over the year. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on FLS Depending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of the 40.47 in the Machinery industry, Flowserve Inc. has a lower P/E ratio of 35.31. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings. See more from BenzingaClick here for options trades from Benzinga12 Industrials Stocks Moving In Wednesday's Pre-Market Session12 Industrials Stocks Moving In Tuesday's After-Market Session© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.