The analyst firm lowered its 2014 EPS estimates for the pump and valve manufacturer to $3.65 a share from its previous estimate of $3.70 a share. Barclays also lowered its 2015 EPS estimates for Flowserve to $3.90 a share from $4.15 a share, and set its 2016 EPS estimates at $4.10 a share.
Analysts Andy Kaplowitz and Vlad Bystricky wrote, "We think the key to FLS' resiliency will be its aftermarket and run-rate businesses, which we expect to hold up reasonably well in the current environment. While FLS is certainly levered to oil and gas markets (~40% of sales), 60% of the company's sales to markets such as chemicals, pharma, food, and even power should provide some offset to what we expect could be more difficult oil and gas markets than we previously expected."
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TheStreet Ratings team rates FLOWSERVE CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FLOWSERVE CORP (FLS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."