On Wednesday, Shares of Flowserve Corp (NYSE:FLS), lost -0.74% to $41.70.
Flowserve Corp, has dropped -38.43% from its peak and trades at just 12.73 times forward earnings projections. The consensus price target for the stock is $52.00 a share. The 52-week range is $39.47 - $67.73. Down -36.19% over 12 months, the company has a market cap of $5.56B; its shares recently traded at around $41.70. The P/E ratio is 14.58.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
Shares of Viacom, Inc. (NASDAQ:VIAB), declined -1.64% to $48.52, during its last trading session.
Viacom Inc., released its 2015 Social Impact Review: Raising Voices. The annual social responsibility report showcases the many ways the company leverages its platforms to raise audiences’ voices toward driving change.
For the first time, the Social Impact Review outlines specific and distinct social responsibility aims, setting benchmarks for growth and campaign participation in each of our areas of impact, counting: Building Inclusive Societies, Pioneering Social Change, Promoting Healthy Living, and Inspiring Future Generations.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content.
Finally, Shares of Terex Corporation (NYSE:TEX), ended its last trade with 3.63% gain, and closed at $19.99.
Terex Corporation, declared income from ongoing operations of $44.8 million, or $0.41 per share for the third quarter of 2015, and not taking into account certain items, income from ongoing operations as adjusted was $63.4 million, or $0.58 per share. This contrast to income from ongoing operations of $58.7 million, or $0.51 per share for the third quarter of 2014, income from operations as adjusted was $67.8 million, or $0.59 per share. The Glossary at the end of the release contains more details on these items.
Net sales were $1,641.3 million in the third quarter of 2015, a decrease of $168.5 million, or 9.3%, when contrast with $1,809.8 million in the third quarter of 2014. Not Taking Into Account the impact of currency exchange rates, net sales reduced $17.4 million or 1.0%. Income from operations was $111.9 million in the third quarter of 2015 and not taking into account certain items, income from operations as adjusted was $126.8 million. This contrast to income from operations of $116.8 million in the third quarter of 2014 and not taking into account certain items, income from operations as adjusted was $127.5 million.
“Our marketplace remains challenging,” commented Ron DeFeo, Terex Chairman and Chief Executive Officer. “We had another good performance in our Aerial Work Platforms (AWP) business which delivered year over year improvement in profitability in the third quarter as raised productivity and lower material cost more than offset lower sales, mainly in the North American telehandler product category. The Materials Processing (MP) business also had a solid quarter, expanding operating margins on relatively flat sales. The Cranes and Construction businesses continue to experience relatively soft market conditions overall, with customers remaining cautious with their equipment purchasing patterns. The Material Handling and Port Solutions (MHPS) business saw declines driven by a decrease in port automation sales.”
Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, in addition to related components and replacement parts under Terex and Genie names.
