Published on 11 Apr 2024 on Simply Wall St. via Yahoo Finance
Has Flowserve Corporation's (NYSE:FLS) Impressive Stock Performance Got Anything to Do With Its...
Flowserve (NYSE:FLS) has had a great run on the share market with its stock up by a significant 18% over the last three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on Flowserve's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for Flowserve