Fluor Co. (FLR) Expected to Post Earnings of $0.69 Per Share

Wall Street analysts expect Fluor Co. (NYSE:FLR) to report earnings per share of $0.69 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Fluor’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.67. Fluor posted earnings of $0.72 per share in the same quarter last year, which would suggest a negative year over year growth rate of 4.2%. The business is scheduled to announce its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Fluor will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.30. For the next fiscal year, analysts anticipate that the company will post earnings of $3.37 per share, with EPS estimates ranging from $3.10 to $3.57. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Fluor.

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Fluor (NYSE:FLR) last released its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.25). Fluor had a net margin of 0.58% and a return on equity of 11.08%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis.

Several equities research analysts recently commented on FLR shares. ValuEngine upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Citigroup set a $69.00 target price on Fluor and gave the company a “buy” rating in a research report on Friday, May 4th. Vertical Research lowered Fluor from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Friday, May 4th. Barclays set a $60.00 target price on Fluor and gave the company a “hold” rating in a research report on Thursday, May 3rd. Finally, KeyCorp upped their target price on Fluor from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $54.07.

Fluor opened at $50.13 on Friday, according to Marketbeat. Fluor has a 12 month low of $37.03 and a 12 month high of $62.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.40. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 0.76 and a beta of 1.48.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 1st will be issued a $0.21 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.84 annualized dividend and a yield of 1.68%. Fluor’s payout ratio is currently 51.53%.

In other Fluor news, insider Robin K. Chopra sold 5,553 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.49, for a total value of $319,241.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Carlos M. Hernandez sold 30,257 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.25, for a total value of $1,762,470.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,218 shares of company stock worth $6,953,603. Corporate insiders own 1.40% of the company’s stock.

Large investors have recently made changes to their positions in the business. American Beacon Advisors Inc. bought a new position in Fluor in the fourth quarter worth approximately $120,000. SeaCrest Wealth Management LLC bought a new position in Fluor in the fourth quarter worth approximately $135,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Fluor in the fourth quarter worth approximately $145,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Fluor in the first quarter worth approximately $184,000. Finally, Comerica Securities Inc. purchased a new stake in shares of Fluor in the first quarter worth approximately $200,000. Institutional investors and hedge funds own 89.69% of the company’s stock.

About Fluor

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. It operates through four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Diversified Services; and Government.

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