Fluor Co. (NEW) (FLR) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Fluor Co. (NEW) (NYSE:FLR) released its earnings data on Thursday. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.97 by $0.05, AR Network reports. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was down 25.1% on a year-over-year basis. Fluor Co. (NEW) updated its FY14 guidance to $4.10-4.60 EPS.
A number of research firms have recently commented on FLR. Analysts at Credit Agricole reiterated a “buy” rating on shares of Fluor Co. (NEW) in a research note on Thursday, April 10th. They now have a $94.00 price target on the stock. On a related note, analysts at Cowen and Company initiated coverage on shares of Fluor Co. (NEW) in a research note on Monday, March 17th. They set an “outperform” rating and a $90.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fluor Co. (NEW) in a research note on Friday, February 21st. They now have a $84.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $88.00.
Fluor Co. (NYSE:FLR) traded down 0.21% during mid-day trading on Thursday, hitting $75.54. 1,430,014 shares of the company’s stock traded hands. Fluor Co. has a 52-week low of $56.18 and a 52-week high of $83.93. The stock has a 50-day moving average of $76.3 and a 200-day moving average of $77.42. The company has a market cap of $12.113 billion and a price-to-earnings ratio of 18.65.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.11%.
Fluor Corporation (NYSE:FLR) is a holding company.
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