Fluor Corp. (FLR) Issues FY14 Earnings Guidance
Fluor Corp. (NYSE:FLR) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $4.10-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.60, Analyst Ratings.Net reports. Fluor Corp. also updated its FY13 guidance to $3.90-4.10 EPS.
FLR has been the subject of a number of recent research reports. Analysts at Canaccord Genuity downgraded shares of Fluor Corp. from a buy rating to a hold rating in a research note to investors on Thursday. They now have a $80.00 price target on the stock. On a related note, analysts at KeyCorp raised their price target on shares of Fluor Corp. from $70.00 to $86.00 in a research note to investors on Tuesday, October 22nd. Finally, analysts at Stifel Nicolaus reiterated a buy rating on shares of Fluor Corp. in a research note to investors on Wednesday, October 9th. They now have a $90.00 price target on the stock, up previously from $74.00. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Fluor Corp. has an average rating of Buy and a consensus target price of $76.92.
Shares of Fluor Corp. (NYSE:FLR) traded down 2.35% on Thursday, hitting $74.22. The stock had a trading volume of 2,571,006 shares. Fluor Corp. has a one year low of $51.09 and a one year high of $68.48. The stock has a 50-day moving average of $72.49 and a 200-day moving average of $64.58. The company has a market cap of $12.100 billion and a price-to-earnings ratio of 26.85.
Fluor Corp. (NYSE:FLR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Fluor Corp. will post $4.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 3rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.86%.
Fluor Corporation (NYSE:FLR) is a holding company.
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