La cadena de opciones muestra datos clave de las opciones de acciones de Flowserve a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Flowserve..

Flowserve (NYSE:FLS) Bolsa, Cadena de Opciones

Flowserve

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.

Flowserve Corp

Franklin FTSE Saudi Arabia ETF

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FORBES ENE SVCS LTD by Forbes Energy Services Ltd.

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General

Flowerserve shares are trading lower after the company reported mixed Q3 financial results.

<h3>Gainers</h3>
<ul>
<li><strong>Nixxy</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) stock moved upwards by 7.9% to $2.86 during Monday's after-market session. The company's market cap stands at $11.5 million. </li>
<li><strong>ConnectM Technology</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares moved upwards by 5.99% to $1.05. The market value of their outstanding shares is at $26.1 million. </li>
<li><strong>Energy Vault Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) stock increased by 5.23% to $1.81. The company's market cap stands at $272.3 million. </li>
<li><strong>FTC Solar</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) stock rose 4.99% to $0.67. The market value of their outstanding shares is at $85.2 million. </li>
<li><strong>Galaxy Payroll Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXG#NASDAQ">GLXG</a>) stock rose 4.97% to $12.86. The market value of their outstanding shares is at $228.2 million. </li>
<li><strong>Trex Co</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) shares rose 4.87% to $69.75. The market value of their outstanding shares is at $7.5 billion. The company's, Q3 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Nuburu</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares decreased by 7.2% to $0.54 during Monday's after-market session. The market value of their outstanding shares is at $2.2 million. </li>
<li><strong>Pixie Dust Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock declined by 7.06% to $0.79. The company's market cap stands at $11.7 million. </li>
<li><strong>Click Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock declined by 6.22% to $1.51. The company's market cap stands at $22.4 million. </li>
<li><strong>Primega Group Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares fell 5.76% to $18.0. The market value of their outstanding shares is at $432.0 million. </li>
<li><strong>Flowserve</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) shares decreased by 5.56% to $50.0. The company's market cap stands at $6.5 billion. The company's, Q3 earnings came out today. </li>
<li><strong>Gencor Industries</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GENC#AMEX">GENC</a>) shares decreased by 5.1% to $19.12. The market value of their outstanding shares is at $280.2 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Movers

BURU

CLIK

CNTM

FTCI

GENC

GLXG

NIXX

NRGV

PGHL

PXDT

TREX

12 Industrials Stocks Moving In Monday's After-Market Session

WIIM

News

Guidance

Flowserve Reaffirms FY24 Guidance: Sees FY24 Revenue Growth of 4-6%, Adj. EPS $2.60-$2.75

<p>Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.67 by 7.46 percent.  The company reported quarterly sales of $1.133 billion which beat the analyst consensus estimate of $1.126 billion by 0.66 percent.  This is a 3.47 percent increase over sales of $1.095 billion the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

Flowserve Q3 2024 Adj. EPS $0.62 Misses $0.67 Estimate, Sales $1.133B Beat $1.126B Estimate

<p>Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.</p>
<p>Analysts are estimating that Flowserve will report an <strong>earnings per share</strong> (EPS) of $0.66.</p>
<p>Flowserve bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Earnings Track Record</h3>
<p>The company's EPS beat by $0.10 in the last quarter, leading to a 3.26% drop in the share price on the following day.</p>
<p>Here's a look at Flowserve's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.63</td>
<td>0.47</td>
<td>0.60</td>
<td>0.43</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.73</td>
<td>0.58</td>
<td>0.68</td>
<td>0.50</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-3.0%</td>
<td>-0.0%</td>
<td>1.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729868610_0.png" alt="eps graph" /></p>
<h3>Flowserve Share Price Analysis</h3>
<p>Shares of Flowserve were trading at $52.52 as of October 24. Over the last 52-week period, shares are up 44.12%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analysts' Perspectives on Flowserve</h3>
<p>Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Flowserve.</p>
<p>The consensus rating for Flowserve is Buy, based on 10 analyst ratings. With an average one-year price target of $59.2, there's a potential 12.72% upside.</p>
<h3>Peer Ratings Overview</h3>
<p>The below comparison of the analyst ratings and average 1-year price targets of ESAB, Watts Water Technologies and Middleby, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.</p>
<ul>
<li>The consensus among analysts is an Outperform trajectory for ESAB, with an average 1-year price target of $120.4, indicating a potential 129.25% upside.</li>
<li>Analysts currently favor an Neutral trajectory for Watts Water Technologies, with an average 1-year price target of $200.5, suggesting a potential 281.76% upside.</li>
<li>Middleby is maintaining an Buy status according to analysts, with an average 1-year price target of $154.25, indicating a potential 193.7% upside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
<p>The peer analysis summary provides a snapshot of key metrics for ESAB, Watts Water Technologies and Middleby, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Flowserve</td>
<td>Buy</td>
<td>7.08%</td>
<td>$366.10M</td>
<td>3.70%</td>
</tr>
<tr>
<td>ESAB</td>
<td>Outperform</td>
<td>-1.86%</td>
<td>$270.31M</td>
<td>4.95%</td>
</tr>
<tr>
<td>Watts Water Technologies</td>
<td>Neutral</td>
<td>12.11%</td>
<td>$284.80M</td>
<td>5.17%</td>
</tr>
<tr>
<td>Middleby</td>
<td>Buy</td>
<td>-4.66%</td>
<td>$379.64M</td>
<td>3.43%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Flowserve ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, Flowserve is at the bottom compared to its peers.</p>
<h3>All You Need to Know About Flowserve</h3>
<p>Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.</p>
<h3>Understanding the Numbers: Flowserve's Finances</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Flowserve's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>7.08%</strong>. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Flowserve's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>6.28%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Flowserve's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>3.7%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>1.41%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Flowserve's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>0.74</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<p><a href="https://www.benzinga.com/quote/FLS/earnings"><strong>To track all earnings releases for Flowserve visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Preview: Flowserve's Earnings

<p>Jefferies  analyst Saree Boroditsky   reinstates Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Buy and announces $65 price target.</p>


Price Target

Initiation

Analyst Ratings

Jefferies Reinstates Buy on Flowserve, Announces $65 Price Target

<p>Mizuho  analyst Brett Linzey   maintains Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Outperform and raises the price target from $58 to $65.</p>


Mizuho Maintains Outperform on Flowserve, Raises Price Target to $65

<p>In the latest quarter, 8 analysts provided ratings for Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $57.75, along with a high estimate of $61.00 and a low estimate of $52.00. This current average has increased by 4.28% from the previous average price target of $55.38. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729094424_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The standing of Flowserve among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$61.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$52.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$57.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Flowserve. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Flowserve compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Flowserve's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Flowserve's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FLS/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Flowserve analyst ratings.</strong></a></p>
<h2>Delving into Flowserve's Background</h2>
<p>Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.</p>
<h3>Understanding the Numbers: Flowserve's Finances</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> Flowserve's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>7.08%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>6.28%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Flowserve's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>3.7%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Flowserve's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>1.41%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Flowserve's debt-to-equity ratio surpasses industry norms, standing at <strong>0.74</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Latest Analyst Ratings For Flowserve

<p>Stifel  analyst Nathan Jones   maintains Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Buy and raises the price target from $60 to $61.</p>


Stifel Maintains Buy on Flowserve, Raises Price Target to $61

<p>Goldman Sachs  analyst Joe Ritchie   maintains Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Sell and raises the price target from $46 to $52.</p>


Goldman Sachs Maintains Sell on Flowserve, Raises Price Target to $52

<p><strong>Deere &amp; Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) has recalled about 147,900 compact utility tractors in the United States due to a potential brake failure risk, per reports. This voluntary recall will ensure customer safety.</p>
<p>The recall applies to models 1023E, 1025R and 2025R sold between November 2017 and July 2024. In Canada, the company has recalled another 16,800 of the compact utility tractor models.</p>
<p>The front bell crank in the brake linkage of the recalled tractors may break, endangering users in the event of a crash, according to the Consumer Product Safety Commission (&quot;CPSC&quot;). There have been four reports of brake linkage failure in the United States so far, with one hospitalization, two impact injuries and minor damages to the tractors.</p>
<h2>Deere&#39;s Commitment to Safety</h2>
<p>The company is proactively addressing the issue in collaboration with the U.S. CPSC.</p>
<p>Deere instructed the impacted customers not to operate their tractors until they receive a free repair from an authorized Deere dealer. Customers have easy access to repair services due to over 2,000 dealerships in the United States and Canada. If the consumer is unable to move the tractor to a dealer&#39;s site, the company will arrange to repair the unit at the consumer&#39;s home.</p>
<h2>DE&#39;s Topline Dips Y/Y in Q3</h2>
<p>Deere reported third-quarter fiscal 2024 earnings of $6.29 per share, which beat the Zacks Consensus Estimate of $5.80. The bottom line, however, plunged 38% from the prior-year quarter.</p>
<p>This was due to lower shipment volumes across all segments, reflecting weak demand, which was somewhat negated by the company&#39;s pricing strategies and cost-saving measures.</p>
<p>Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $11.39 billion, down 19.9% year over year. However, net sales topped the Zacks Consensus Estimate of $10.87 billion. Total net sales (including financial services and others) were $13.15 billion, down 16.8% year over year.</p>
<h2>Deere&#39;s 2024 Net Income Outlook Indicates Y/Y Dip</h2>
<p>Deere stated that in the wake of challenging conditions in the global agricultural and construction sectors, the company will align its production with demand levels and also take steps to reduce costs. Deere maintained its guidance of net income for fiscal 2024 at $7 billion. The view suggests a 31% decline from net income of $10.2 billion reported in fiscal 2023.</p>
<p>Net sales for Production &amp; Precision Agriculture are expected to decrease 20-25% year over year in fiscal 2024. Sales of Small Agriculture &amp; Turf are expected to dip 20-25%. Deere projects sales of Construction &amp; Forestry to be down 10-15%. The Financial Services segment&#39;s net income is expected to be $720 million.</p>
<h2>DE Share Price Outperforms Industry</h2>
<p>DE shares have gained 8.7% in the past year compared with the industry&#39;s growth of 4%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1c/79542.jpg?v=1652687335" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Deere&#39;s Zacks Rank &amp; Stocks to Consider</h2>
<p>DE currently carries a Zacks Rank #3 (Hold).</p>
<p>Some better-ranked stocks from the Industrial Products sector are <strong>Crane Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>), <strong>Flowserve Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) and <strong>RBC Bearings Incorporated</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbc#NYSE">RBC</a>). Each stock presently carries a Zacks Rank #2 (Buy).</p>
<p>The Zacks Consensus Estimate for Crane&#39;s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 11.2%. CR shares have gained 75.2% in a year.</p>
<p>Flowserve has an average trailing four-quarter earnings surprise of 18.2%. The Zacks Consensus Estimate for FLS&#39; 2024 earnings is pinned at $2.76 per share, which indicates year-over-year growth of 31.6%. The consensus estimate for 2024 earnings has moved north by 4% in the past 60 days. The company&#39;s shares have gained 27.5% in a year.</p>
<p>The Zacks Consensus Estimate for RBC Bearings&#39; fiscal 2025 earnings is pegged at $9.71 per share. The consensus estimate for 2025 earnings has moved north by 1.4% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4.7%. RBC shares have gained 27.2% in a year.</p>
<p><a href="https://www.zacks.com/stock/news/2342803/deere-recalls-its-compact-utility-tractors-for-brake-failure-risk?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2342803">To read this article on Zacks.com click here.</a></p>


Large Cap

Markets

Trading Ideas

Deere Recalls Its Compact Utility Tractors for Brake Failure Risk

<p>Analysts' ratings for Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Flowserve, presenting an average target of $58.14, a high estimate of $60.00, and a low estimate of $52.00. This upward trend is apparent, with the current average reflecting a 3.82% increase from the previous average price target of $56.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727197217_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>A clear picture of Flowserve's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$57.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$52.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$58.00</td>
<td>$55.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Flowserve. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Flowserve compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Flowserve's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Flowserve's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FLS/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Flowserve analyst ratings.</strong></a></p>
<h2>Delving into Flowserve's Background</h2>
<p>Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.</p>
<h3>Flowserve's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> Flowserve's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>7.08%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>6.28%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Flowserve's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>3.7%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Flowserve's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>1.41%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of <strong>0.74</strong>, caution is advised due to increased financial risk.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Expert Ratings For Flowserve

<p>B of A Securities  analyst Andrew Obin   reiterates Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Buy and maintains $60 price target.</p>


Reiteration

B of A Securities Reiterates Buy on Flowserve, Maintains $60 Price Target

<p><strong>Stanley Black &amp; Decker, Inc.</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) cost-reduction program is expected to aid its bottom line and drive margin performance in the quarters ahead. The program comprises a series of initiatives to resize the organization, reduce inventory and optimize the supply chain with the goal of repositioning it to pursue sustainable long-term growth.</p>
<p>In the first six months of 2024 and since the inception of the program, SWK realized pre-tax run rate savings of $295 million and $1.3 billion, respectively. The savings were driven by lower headcount, reductions of indirect spending and supply-chain transformation.</p>
<p>Stanley Black has been divesting non-core operations to drive growth. In April 2024, the company divested its STANLEY Infrastructure (Infrastructure) business to Epiroc AB for a cash consideration of $760 million. The divestment will help the company to focus on its core businesses, reduce debt and support capital-allocation priorities.</p>
<p>It remains focused on rewarding its shareholders through dividend payments and share buybacks. In the first six months of 2024, the firm paid dividends of $243.6 million, up 1.7% year over year. It also bought back shares worth $7.7 million. In July 2024, SWK hiked its quarterly dividend by a penny to 82 cents per share.</p>
<h2>SWK&#39;s Price Performance</h2>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9c/77848.jpg?v=1064530480" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>In the past three months, the Zacks Rank #3 (Hold) company has gained 20.2% compared with the industry&#39;s&nbsp; 9.4% growth.</p>
<p>Despite the positives, lower consumer outdoor and do-it-yourself market demand is a concern for the Tools &amp; Outdoor segment. Within the segment, the power tools business has been experiencing weaknesses due to reduced demand for consumer tools. Weakening automotive end markets, owing to headwinds in the global automotive OEM light vehicle production, are another setback.</p>
<p>Further, the low liquidity level remains a concern. Exiting the second quarter, the company&#39;s cash and cash equivalents were $318.5 million, lower than the short-term borrowings of $492.4 million. Its current maturities of long-term debt totaled $500.1 million. This implies that SWK does not have sufficient cash to meet its current debt obligations. Also, the stock looks more leveraged than the industry. Its long-term debt/capital ratio is currently 0.39, higher than 0.36 of the industry.</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked companies from the same space are discussed below.</p>
<p><strong>Flowserve Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy).</p>
<p>FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.</p>
<p><strong>Crane Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.</p>
<p>In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.</p>
<p><strong>Parker-Hannifin Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.</p>
<p>In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.2%.</p>
<p><a href="https://www.zacks.com/stock/news/2336321/stanley-black-exhibits-bright-prospects-headwinds-persist?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2336321">To read this article on Zacks.com click here.</a></p>


Mid Cap

Dividends

Buybacks

Stanley Black Exhibits Bright Prospects, Headwinds Persist

<p><strong>Zebra Technologies Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) has introduced three new solutions, namely, the Zebra Kiosk System, Zebra Workcloud Actionable Intelligence 7.0 and the ET6x Windows rugged tablets at the annual ZONE customer conference.</p>
<p>At Zebra Technologies&#39; ZONE event, retailers connect with customers, partners and prospects to explore industry challenges and opportunities with keynote presentations focusing on key topics, including inventory management, loss prevention and efficiency improvement. In this event, the company introduced its expanded range of integrated hardware and software solutions, utilizing AI, cloud and machine learning to enhance workflow efficiencies and elevate customer and associate experiences in modern retail environments.</p>
<p>ZBRA&#39;s Kiosk System is a versatile, modular solution made to address self-service needs across retail and other sectors, anchored by the KC50 Android Kiosk Computer available in 15&quot; and 22&quot; screen sizes. This system, which includes tap-to-pay, works with all major payment terminals and has a voice assistant, thereby making checkout easier and allowing staff to focus on more important tasks. Built on Qualcomm&#39;s advanced chipset and Zebra&#39;s Enterprise Android platform with Mobility DNA, the product ensures seamless connectivity, security and management, with flexible deployment options and the ability to add components like barcode scanners, payment terminals or a TD50 15&quot; touch display for a dual-display setup.</p>
<p>Zebra Workcloud Actionable Intelligence 7.0 brings a next-gen, AI-powered analytics platform tailored for the modern store, leveraging Google Cloud&#39;s serverless query engine for unmatched speed and performance. The update automates data analysis, task management and action verification, enabling users to quickly identify hidden insights and streamline workflows, ultimately enhancing productivity and uncovering opportunities beyond human detection.</p>
<p>The ET6x Windows rugged tablets, powered by Intel&#39;s Core Ultra platform with a dedicated Neural Processing Unit, enhance AI capabilities across industries such as retail, logistics and field services. These advanced features improve performance and efficiency for various applications. The tablets also come with the Zebra Control Hub for streamlined configuration and management, featuring an advanced AI-enabled touchscreen for improved accuracy, AI-powered audio for better communication and flexible usage options.</p>
<h2>ZBRA&#39;s Zacks Rank and Price Performance</h2>
<p>ZBRA currently carries a Zacks Rank #3 (Hold).</p>
<p>Zebra Technologies is focusing on advancing digital capabilities, optimizing the supply chain and expanding data analytics capabilities to engage with its customers. Higher sales of mobile computing products are supporting the Enterprise Visibility &amp; Mobility segment&#39;s sales.</p>
<p>In the past year, the company&#39;s shares have gained 31.4% compared with the industry&#39;s 23.1% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/90/77384.jpg?v=722242881" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Weak demand for printing solutions is affecting the company&#39;s Asset Intelligence &amp; Tracking segment. Low demand for RFID products is also concerning. High debt levels are also likely to raise the company&#39;s financial obligations and hurt profitability. Given its diverse presence, forex woes remain concerning.</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked companies are discussed below.</p>
<p><strong>Flowserve Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy).</p>
<p>FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.</p>
<p><strong>Crane Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.</p>
<p>In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.</p>
<p><strong>Parker-Hannifin Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 2.6%.</p>
<p>In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.</p>
<p><a href="https://www.zacks.com/stock/news/2334835/zebra-technologies-unveils-retail-efficiency-solutions-at-zone?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334835">To read this article on Zacks.com click here.</a></p>


Retail Sales

Management

Tech

ZBRA

Zebra Technologies Unveils Retail Efficiency Solutions at ZONE

<p><strong>Tetra Tech, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttek#NASDAQ">TTEK</a>) recently announced that it has secured a $39.3 million contract from the United States Agency for International Development (&quot;USAID&quot;). The latest deal will involve the company supporting USAID&#39;s Engendering Industries program.</p>
<p>As part of the single-award deal, Tetra Tech will work on enhancing gender equality and women&#39;s economic empowerment opportunities in multiple industries throughout the world. These industries include water, infrastructure, power, transportation as well as information and communications technology.</p>
<p>Under the USAID Engendering Industries program, the company&#39;s professionals will utilize data-driven change management tactics to help companies and organizations boost gender equality and economic opportunities for women globally. As part of the Engendering Industries program since 2018, TTEK has been offering technical support services to more than 68 organizations in 39 countries.</p>
<h2>Tetra Tech&#39;s Other Notable Contracts</h2>
<p>Lately, Tetra Tech has received a series of deals, which are likely to drive its growth. In July 2024, the company received a $73 million deal from the USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa. Also, in March 2024, it secured a $375 million multiple-award contract from National Aeronautics and Space Administration (&quot;NASA&quot;). Per the five-year contract, Tetra Tech will offer environmental restoration and compliance services at NASA facilities across the United States.</p>
<p>In January 2024, the company secured a $34 million contract from the USAID. Per the deal, TTEK will support the USAID Integrated Land and Resource Governance II project, which is aimed at promoting sustainable economic development through better land rights governance. Also, in the same month, it secured a $24 million, single-award deal from USAID to conserve biodiversity and natural resources in Cambodia.</p>
<h2>TTEK&#39;s Zacks Rank and Price Performance</h2>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/49/77316.jpg?v=170175387" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Tetra Tech currently carries a Zacks Rank #2 (Buy). Shares of the company gained 50.1% in the past year against the industry&lsquo;s 11% decline.</p>
<h2>Other Stocks to Consider</h2>
<p>Other top-ranked companies from the same space are discussed below.</p>
<p><strong>Flowserve Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank of 2.</p>
<p>FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.</p>
<p><strong>Crane Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.</p>
<p>In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.</p>
<p><strong>Parker-Hannifin Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 2.6%.</p>
<p>In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.</p>
<p><a href="https://www.zacks.com/stock/news/2334556/tetra-tech-secures-39-3m-single-award-contract-from-usaid?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334556">To read this article on Zacks.com click here.</a></p>


Contracts

TTEK

Tetra Tech Secures $39.3M Single-Award Contract From USAID

<p><strong>Proto Labs, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prlb#NYSE">PRLB</a>) announced that it launched Axtra3D Hybrid PhotoSynthesis technology, which expands its 3D printing capabilities. The launch of HPS complements Proto Labs&#39; strategy to meet additional customer needs and extend into production use cases.</p>
<h2>PRLB&#39;s HPS to Complement Existing Capabilities</h2>
<p>HPS employs a precision laser and a digital light processing system to capture images of internal and external part structures at the same time. This dual 3D printing approach helps overcome previous 3D printing limitations. Common HPS applications include production-grade components with high throughput parts. It requires high-accuracy features for testing and validation, and cosmetic prototypes with glass-like surface finishes.</p>
<p>HPS supports the company&#39;s existing Carbon digital light synthesis printers for 3D printing projects that demand better mechanical qualities.</p>
<h2>Current Available HPS Materials Boost Proto Labs&#39; Potential</h2>
<p>The two currently available HPS materials include Tough Black (Loctite Henkel 3843) and Ceramic-filled (BASF 3280).</p>
<p>Tough Black is an engineering-grade resin with great strength and exceptional impact resistance, whereas Ceramic-filled is a stiff substance commonly used for tooling and molding. Both materials increase the company&#39;s advanced photopolymer catalog and supplement the materials previously available for Carbon DLS.</p>
<h2>PRLB Q2 Earnings Beat Estimates, Revenues Rise Y/Y</h2>
<p>In the second quarter of 2024, Proto Labs reported a 3.3% year-over-year increase in revenues to $126 million. The top line met the Zacks Consensus Estimate. The company reported earnings per share of 18 cents against the loss of 1 cent posted in the second quarter of 2023. The bottom line beat the Zacks Consensus Estimate of 16 cents.</p>
<h2>Proto Labs&#39; Share Price Performance</h2>
<p>Proto Lab&#39;s shares have gained 0.4% in the past year against the industry&#39;s 16.6% decline.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8c/77208.jpg?v=172366857" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>PRLB&#39;s Zacks Rank &amp; Other Stocks to Consider</h2>
<p>PRLB currently carries a Zacks Rank #2 (Buy).</p>
<p>Some other top-ranked stocks from the Industrial Products sector are <strong>Crane Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>), <strong>Flowserve Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) and <strong>Cintas Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>). These three companies have a Zacks Rank #2 at present.</p>
<p>The Zacks Consensus Estimate for Crane&#39;s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 11.2%. CR shares have gained 75.2% in a year.</p>
<p>Flowserve has an average trailing four-quarter earnings surprise of 18.2%. The Zacks Consensus Estimate for FLS&#39; 2024 earnings is pinned at $2.76 per share, which indicates year-over-year growth of 31.6%. The consensus estimate for 2024 earnings has moved north by 4% in the past 60 days. The company&#39;s shares have gained 27.5% in a year.</p>
<p>The Zacks Consensus Estimate for Cintas&#39; 2024 earnings is pegged at $16.64 per share. The consensus estimate for 2024 earnings has moved north by 1% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4%. CTAS shares have gained 60.4% in a year.</p>
<p><a href="https://www.zacks.com/stock/news/2334207/proto-labs-launches-axtra3d-hps-technology-to-boost-capabilities?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334207">To read this article on Zacks.com click here.</a></p>


Small Cap

CTAS

PRLB

Proto Labs Launches Axtra3D HPS Technology to Boost Capabilities

<p>A month has gone by since the last earnings report for <strong>Flowserve</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>). Shares have lost about 0.2% in that time frame, underperforming the S&amp;P 500.</p>
<p>Will the recent negative trend continue leading up to its next earnings release, or is Flowserve due for a breakout? Before we dive into how investors and analysts have reacted as of late, let&#39;s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.</p>
<h3>Flowserve Q2 Earnings &amp; Revenues Top Estimates, Rise Y/Y</h3>
<p>Flowserve&#39;s second-quarter 2024 adjusted earnings (excluding 18 cents from non-recurring items) of 73 cents per share beat the Zacks Consensus Estimate of 63 cents. The bottom line increased 40.4% year over year. Results primarily benefited from higher revenues, partially offset by an increase in operating costs and expenses.</p>
<p>Flowserve&#39;s total revenues of $1.16 billion beat the consensus estimate of $1.12 billion. The top line increased 7.1% year over year. Sales increased 7.7% on a constant-currency basis.</p>
<p>Aftermarket sales increased 5% year over year (up 5.8% on a constant-currency basis) to $590.5 million. Original equipment sales totaled $566.4 million, reflecting an increase of 9.4% year over year (up 9.8% on a constant-currency basis).</p>
<p>Total bookings amounted to $1.25 billion, reflecting an increase of 12.2% (up 13% on a constant-currency basis) year over year. The backlog at the end of the quarter was $2.7 billion, up 2.8% sequentially.</p>
<h3>Segmental Details</h3>
<p>Flowserve currently has two reportable segments, Flowserve Pump Division and Flow Control Division. A brief discussion of the segments is provided below:</p>
<p>Revenues from the Flowserve Pump Division segment were $812.2 million, up 6.1% year over year. Bookings increased 18.3% year over year to $898.8 million. Segmental operating income was $131 million, up 33.7% year over year.</p>
<p>Revenues from the Flow Control Division segment were $347.7 million, up 9.4% year over year. Bookings of $349.2 million decreased 2.9% on a year-over-year basis. The segment&#39;s operating income was $32.3 million, down 10.5% year over year.</p>
<h3>Margin Profile</h3>
<p>In the second quarter, Flowserve&#39;s cost of sales increased 4.4% year over year to $790.8 million. Gross profit increased 13.4% year over year to $366.1 million and the margin increased 170 basis points (bps) to 31.6%. Selling, general and administrative expenses were $238.6 million, up 3.7% year over year.</p>
<p>Operating income increased 25.5% year over year to $121.3 million. The adjusted operating margin was 12.5%, up 210 bps year over year. The effective tax rate was 23.8%.</p>
<h3>Balance Sheet and Cash Flow</h3>
<p>Exiting the second quarter, Flowserve had cash and cash equivalents of $515.1 million compared with $545.7 million at the end of December 2023. Long-term debt (due after one year) was $1.21 billion compared with $1.17 billion at the end of December 2023.</p>
<p>In the first six months of 2024, the company generated net cash of $49.5 million from operating activities compared with $50.4 million in the year-ago period. Capital expenditure totaled $28.3 million, down 11.3% year over year.</p>
<p>During the same period, the company used $55.3 million for distributing dividends.</p>
<h3>2024 Guidance</h3>
<p>Flowserve continues to expect a 4-6% increase in revenues from the year-ago levels. The company anticipates earnings per share (on a reported basis) to be between $2.25 and $2.45. Adjusted earnings per share are now estimated in the $2.60&ndash;$2.75 band, higher than the earlier guidance of $2.50-$2.70. The Zacks Consensus Estimate for adjusted earnings is pegged at $2.68 per share.</p>
<p>The adjusted tax rate is projected to be approximately 21%. The company forecasts net interest expense and capital expenditure to be in the range of $60-$65 million and $75-$85 million, respectively.</p>
<h2>How Have Estimates Been Moving Since Then?</h2>
<p>In the past month, investors have witnessed a downward trend in estimates review.</p>
<h2>VGM Scores</h2>
<p>Currently, Flowserve has an average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.</p>
<p>Overall, the stock has an aggregate VGM Score of B. If you aren&#39;t focused on one strategy, this score is the one you should be interested in.</p>
<h2>Outlook</h2>
<p>Estimates have been broadly trending downward for the stock, and the magnitude of these revisions has been net zero. Notably, Flowserve has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.</p>
<h2>Performance of an Industry Player</h2>
<p>Flowserve is part of the Zacks Manufacturing - General Industrial industry. Over the past month, <strong>Barnes Group</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/b#NYSE">B</a>), a stock from the same industry, has gained 0.4%. The company reported its results for the quarter ended June 2024 more than a month ago.</p>
<p>Barnes Group reported revenues of $382.23 million in the last reported quarter, representing a year-over-year change of +12.8%. EPS of $0.37 for the same period compares with $0.58 a year ago.</p>
<p>Barnes Group is expected to post earnings of $0.39 per share for the current quarter, representing a year-over-year change of +105.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.3%.</p>
<p>The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for Barnes Group. Also, the stock has a VGM Score of F.</p>
<p><a href="https://www.zacks.com/stock/news/2328389/flowserve-fls-down-0-2-since-last-earnings-report-can-it-rebound?cid=CS-BENZ-FT-realtime_blog-2328389">To read this article on Zacks.com click here.</a></p>


Flowserve Down 0.2% Since Last Earnings Report: Can It Rebound?

<p><strong>Nordson Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndsn#NASDAQ">NDSN</a>) is well-poised for growth, courtesy of strength across its businesses and accretive acquisitions. Handsome rewards to shareholders add to the stock&#39;s appeal.</p>
<p>Headquartered in Westlake, OH, Nordson is one of the leading manufacturers as well as distributors of products and systems designed to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials and other fluids. The company&#39;s product line includes single-use components, stand-alone units for low-volume operations and microprocessor-based automated systems for high-speed, high-volume production lines.</p>
<p>Let&#39;s delve into the factors that make this company a smart investment choice at the moment.</p>
<p><strong>Business Strength:</strong> Strong momentum in the Industrial Precision Solutions segment is supporting Nordson&#39;s performance. Growing demand for nonwoven product lines in the industrial and consumer non-durable end markets is aiding the segment. Also, the growing need for packaged goods in food and beverage, personal care and cosmetics markets is driving demand for the company&#39;s packaging product lines, which also bodes well for the segment.</p>
<p><strong>Expansion Efforts:</strong> NDSN is focused on strengthening its competency through acquisitions. In the third quarter of fiscal 2024 (ended July 2024), acquired assets boosted the company&#39;s total revenues by 4%. In August 2024, Nordson completed the acquisition of Atrion Corporation. The inclusion of Atrion&#39;s three major businesses &mdash; Halkey Roberts, Atrion Medical and Quest Medical &mdash; will enable Nordson to expand its medical offerings in the infusion and cardiovascular therapies market. Management expects the buyout to offer significant operational synergies when combined with its medical business expertise.</p>
<p>In August 2023, the company acquired ARAG Group and its subsidiaries. The acquisition expanded Nordson&#39;s core capabilities in precision dispensing technology, helping it foray into the rapidly growing, precision agriculture end-market. ARAG is part of the Industrial Precision Solutions segment. Also, in November 2022, Nordson acquired CyberOptics Corporation, expanding its semiconductor test and inspection capabilities.</p>
<p>Nordson currently carries a Zacks Rank #2 (Buy). In the past three months, the stock has gained 10.1% compared with the industry&#39;s 3.7% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d2/75597.jpg?v=661930330" /></p>
<p>Image Source: Zacks Investment Research</p>
<p><strong>Rewards to Shareholders:</strong> NDSN continues to increase shareholders&#39; value through dividend payments and share repurchases. In the first nine months of fiscal 2024, it paid out dividends of $116.8 million, up 4.8% year over year. In the same period, it bought back shares worth $34.1 million. In August 2024, the company hiked its dividend by 15% to 78 cents per share. This marks its 61st consecutive year of dividend increase.</p>
<p>In September 2022, the company&#39;s board authorized the repurchase of up to an additional $500 million in shares on top of the existing share repurchase authorization. Exiting the fiscal third quarter, it had approximately $0.52 million available of the total $1.5 million authorized for share repurchases.</p>
<h2>Other Stocks to Consider</h2>
<p>Some other top-ranked companies from the same space are discussed below.</p>
<p><strong>Flowserve Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank of 2.</p>
<p>FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.</p>
<p><strong>Crane Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.</p>
<p>In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.</p>
<p><strong>Ferguson Enterprises Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ferg#NYSE">FERG</a>) currently carries a Zacks Rank of 2. FERG delivered a trailing four-quarter average earnings surprise of 2.6%.</p>
<p>In the past 60 days, the consensus estimate for Ferguson&#39;s fiscal 2025 earnings has remained steady.</p>
<p><a href="https://www.zacks.com/stock/news/2327853/here-s-why-you-should-add-nordson-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327853">To read this article on Zacks.com click here.</a></p>


FERG

NDSN

Here's Why You Should Add Nordson Stock to Your Portfolio Now

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Flowserve Corporation (FLS) Q3 2024 Earnings Call Transcript

AMKR

BIVI

BOOT

CALX

CDNS

CSWC

EKSO

FFIV

HLIT

NARI

QUAD

RMBS

SAFE

SBAC

TMDX

UCTT

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Press Releases

Flowserve to Participate in Upcoming Investor Events

Flowserve and Heide Refinery Announce Partnership to Drive Energy, Cost and Carbon Savings Through Flowserve's Energy Advantage Program

Flowserve Announces Dates for Second Quarter 2024 Financial Results

Flowserve Acquires LNG Pumping Technology from NexGen Cryo to Accelerate Decarbonization Growth Strategy

Flowserve Corporation Reports Second Quarter 2024 Results; Raises Full-Year Adjusted EPS

Flowserve to Acquire MOGAS Industries, Accelerating 3D Growth Strategy

Flowserve Announces Quarterly Cash Dividend of $0.21 Per Share

Flowserve Completes Acquisition of MOGAS Industries

Flowserve Announces Dates for Third Quarter 2024 Financial Results

Flowserve Corporation Reports Third Quarter 2024 Results; Reaffirms 2024 Adjusted EPS Guidance

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