URS Corp (URS) Updates FY14 Earnings Guidance
URS Corp (NYSE:URS) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.30, American Banking News reports.
A number of analysts have recently weighed in on URS shares. 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 a related note, 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. URS Corp currently has a consensus rating of Hold and a consensus target price of $52.50.
Shares of URS Corp (NYSE:URS) traded down 0.11% on Tuesday, hitting $47.19. 437,792 shares of the company’s stock traded hands. 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 price-to-earnings ratio of 14.27.
URS Corp (NYSE:URS) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.31. 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 prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Analysts expect that URS Corp will post $3.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Investors 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.