URS Corp (URS) Plans Quarterly Dividend of $0.22
URS Corp (NYSE:URS) declared a quarterly dividend on Tuesday, August 12th, AnalystRatings.NET reports. Stockholders of record on Friday, September 19th will be given a dividend of 0.22 per share on Friday, October 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.51%.
URS has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of URS Corp from $44.00 to $59.00 in a research note on Thursday, July 17th. They now have an “equal weight” rating on the stock. On a related note, analysts at Davidson downgraded shares of URS Corp to a “neutral” rating in a research note on Tuesday, July 15th. Finally, analysts at Standpoint Research downgraded shares of URS Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. URS Corp currently has a consensus rating of “Hold” and an average price target of $53.25.
Shares of URS Corp (NYSE:URS) traded down 0.07% on Tuesday, hitting $58.29. 1,207,238 shares of the company’s stock traded hands. URS Corp has a 1-year low of $41.62 and a 1-year high of $59.71. The stock has a 50-day moving average of $54.18 and a 200-day moving average of $48.61. The company has a market cap of $4.020 billion and a price-to-earnings ratio of 21.37. URS Corp also saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 2,110,256 shares, a decrease of 68.8% from the July 15th total of 6,757,326 shares. Based on an average trading volume of 1,898,224 shares, the short-interest ratio is presently 1.1 days. Currently, 3.1% of the company’s stock are sold short.
URS Corp (NYSE:URS) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.63. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.69 billion. On average, analysts predict that URS Corp will post $3.19 earnings per share for the current fiscal year.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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