William Blair Reiterates “Outperform” Rating for Fluor Corp. (FLR)
Fluor Corp. (NYSE:FLR)‘s stock had its “outperform” rating reaffirmed by equities researchers at William Blair in a research report issued on Thursday, Stock Ratings Network.com reports.
FLR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Fluor Corp. (NYSE:FLR) in a research note to investors on Monday, August 26th. They now have a $69.00 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Fluor Corp. (NYSE:FLR) in a research note to investors on Friday, August 2nd. They now have a $75.00 price target on the stock, up previously from $73.00. Finally, analysts at FBR Capital Markets reiterated a “top pick” rating on shares of Fluor Corp. (NYSE:FLR) in a research note to investors on Wednesday, July 31st.
Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.77.
Shares of Fluor Corp. (NYSE:FLR) traded up 0.85% on Thursday, hitting $67.72. The stock had a trading volume of 1,549,194 shares. Fluor Corp. has a 1-year low of $51.09 and a 1-year high of $67.49. The stock’s 50-day moving average is $64.8 and its 200-day moving average is $62.20. The company has a market cap of $11.041 billion and a price-to-earnings ratio of 23.72.
Fluor Corp. (NYSE:FLR) last announced its earnings results on Thursday, August 1st. The company reported $0.98 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.01 by $0.03. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $7.26 billion. During the same quarter last year, the company posted $0.95 earnings per share. Fluor Corp.’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Fluor Corp. will post $4.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 2nd. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, August 29th.
Fluor Corporation (NYSE:FLR) is a holding company.
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