Mattel: S&P 500’s Top Gainer on April 11
Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on Wednesday.
Utilities Dominated the Market for the Second Consecutive Day
On February 23, 2017, the S&P 500 Utilities Sector surged and closed at its highest level since September 27, 2016.
UPS and FedEx Are Weaker Due to E-Commerce Costs
UPS, the world’s largest package delivery company, fell 6.8% on January 31. It fell due to weaker-than-expected 4Q16 earnings and 2017 outlook.
What Do Analysts Recommend for Flowserve after Its 2Q16 Results?
Of the 20 analysts surveyed by Bloomberg, three gave Flowserve “buy” ratings, 15 gave it “hold” ratings, and two gave it “sell” ratings.
Why Flowserve Reduced Its Earnings Guidance after 2Q16
For 2016, analysts expect Flowserve (FLS) to report revenue of ~$4.0 billion, ~10% lower than its 2015 revenue of $4.5 billion.
Did FLS Realize Savings through Its Realignment Program in 2Q16?
In 2Q16, Flowserve (FLS) realized cost savings of ~$27 million through its realignment program.
A Glance at Flowserve’s Primary Working Capital after 2Q16
In the current volatile global scenario, Flowserve’s (FLS) 2Q16 revenue and net profit have risen by 11% and 28%, respectively, year-over-year.
Which of FLS’s Segments Outperformed in Terms of Orders in 2Q16?
Slow growth and a volatile macroeconomic environment are ongoing concerns for the flow control equipment industry as well as for Flowserve (FLS).
Why Flowserve’s 2Q16 Results Disappointed Wall Street
Flowserve announced its 2Q16 results after market hours on July 28, 2016. Lower-than-expected 2Q16 earnings sent its shares down to $47.18 in early trading.
What Do Analysts Recommend for FLS ahead of Its 2Q16 Earnings?
Of the 21 analysts surveyed by Bloomberg, three gave Flowserve (FLS) “buy” ratings, 15 gave it “hold” ratings, and three gave it “sell” ratings.
How Will Brexit Affect Flowserve?
Brent crude oil (USO) fell by nearly 5% to $48.4 per barrel on June 24, 2016. The fall happened after the results of the Brexit vote were announced.
Understanding Flowserve’s Operations
Flowserve’s operating segments have a lot of common customers. This helps the company to offer combined products and technologies.
Understanding Flowserve’s Flow Control Segment in 2015
In 2015, Flowserve’s (FLS) Flow Control division, or control segment, contributed ~30.4% to the company’s total consolidated revenues.
Why Flowserve Is Consolidating Its Manufacturing Facilities
Since 2014, Flowserve has been focusing extensively on expense control mechanisms. The company has realigned its portfolio of businesses.
Why Do Customers Buy Flowserve’s Products?
After 4Q15, FLS reported that it controlled a market share of 4% of the $130-billion pump, valve, and seal market in 2015.
How Is Flowserve Trading Compared to Peers?
Shares of Flowserve (FLS) currently trade at a PE (price-to-earnings) value of 17.04x. This isn’t cheap compared to FLS’s peers.
How Much Weight Did Flowserve’s Largest Segment Pull in 2015?
In 2015, Flowserve’s Engineered Product division contributed ~48.5% to the company’s total consolidated revenue.
What Analysts Expect of Flowserve in 2016
For 2016, analysts expect Flowserve (FLS) to report revenues of ~$3.9 billion, which would be ~14% lower than its $4.5 billion in 2015.
Inside Flowserve’s Margins: Can the Cost Savings Continue?
In 1Q16, Flowserve (FLS) was just able to keep its gross margins at 33.3%, which is 170 basis points lower than its 35.0% in 1Q15.
Behind Flowserve’s Surge despite Weak 1Q16 Earnings
Decent 1Q16 revenues sent Flowserve’s shares to a high of $49.52 in early trading. The stock closed at $48.81, 2.9% higher than its opening price of $47.42.
Why Do Analysts Expect Flowserve’s EPS to Fall in 1Q16?
Flowserve’s (FLS) 1Q16 EPS estimate is $0.42. That’s 27% lower than its 1Q15 EPS of $0.58. The first quarter is usually subdued for FLS, so analysts’ estimates are usually lower.
How Has Flowserve Stock Fared ahead of Its 1Q16 Earnings?
Flowserve (FLS) stock has been on a downward trend since March 2015. On a yearly basis, FLS has corrected approximately 20% to date.
Jobless Claims Remain Low in October
Employment figures are crucial for any economy. According to the U.S. Department of Labor, initial jobless claims were 260,000 for the week ended October 24, an increase of 1,000 from the prior week.
How Does IDEX Compare to Its Peers?
IDEX outperformed its peers based on the PE ratio and PBV ratio. The ETFs outperformed it based on the PE ratio. It’s ahead of its ETFs based on the PBV ratio.
IDEX Reported Mixed Quarterly Results in 3Q15
IDEX (IEX) has a market cap of $5.8 billion. After the earnings report in 3Q15, IDEX fell by 0.09% to close at $74.91 per share as of October 19, 2015.
ISM Manufacturing Index Stabilizes at 51.5 after a 5-Month Decline
The Manufacturing Index had been declining for the past five months in a row. It was steady at 51.5, according to the ISM report that came out on May 1.
Relational continues to lower stake in SPX Corporation
Based in Charlotte, North Carolina, SPX Corporation is a global, multi-industry manufacturing leader with around $5 billion in annual revenue.