URS Corp (URS) Announces Quarterly Earnings Results, Misses Expectations By $0.31 EPS
URS Corp (NYSE:URS) issued its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.31, Analyst Ratings Network reports. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. URS Corp updated its FY14 guidance to $3.20-3.50 EPS.
URS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of URS Corp from a “neutral” rating to an “underperform” rating in a research note on Friday, April 11th. They now have a $44.00 price target on the stock. On the ratings front, analysts at Credit Agricole reiterated a “sell” rating on shares of URS Corp in a research note on Thursday, April 10th. They now have a $44.00 price target on the stock. Finally, analysts at Davidson raised their price target on shares of URS Corp from $50.00 to $54.00 in a research note on Tuesday, March 4th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.50.
Shares of URS Corp (NYSE:URS) traded down 0.11% during mid-day trading on Tuesday, hitting $47.19. The stock had a trading volume of 437,792 shares. URS Corp has a 52-week low of $41.62 and a 52-week high of $55.79. The stock has a 50-day moving average of $47.43 and a 200-day moving average of $49.5. The company has a market cap of $3.404 billion and a P/E ratio of 14.27.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 20th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.86%.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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