Fluor Co. (NEW) (FLR) Releases FY14 Earnings Guidance
Fluor Co. (NEW) (NYSE:FLR) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.10-4.45 for the period, compared to the Thomson Reuters consensus estimate of $4.24, Stock Ratings News reports.
A number of analysts have recently weighed in on FLR shares. Analysts at Wells Fargo & Co. initiated coverage on shares of Fluor Co. (NEW) in a research note on Tuesday, July 22nd. They set an outperform rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Fluor Co. (NEW) in a research note on Friday, July 4th. They now have a $83.00 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Fluor Co. (NEW) in a research note on Thursday, June 19th. They set an accumulate rating and a $87.00 price target on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $91.00.
Fluor Co. (NYSE:FLR) traded down 2.89% on Thursday, hitting $72.87. The stock had a trading volume of 2,007,192 shares. Fluor Co. has a one year low of $61.68 and a one year high of $83.93. The stock has a 50-day moving average of $77.23 and a 200-day moving average of $77.00. The company has a market cap of $11.597 billion and a price-to-earnings ratio of 18.94.
Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.03. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the company posted $0.98 earnings per share. Fluor Co. (NEW)’s revenue was down 27.0% compared to the same quarter last year. On average, analysts predict that Fluor Co. will post $4.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.15%.
Fluor Corporation (NYSE:FLR) is a holding company.
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