Short Interest in URS Corp Declines By 68.8% (URS)
Shares of URS Corp (NYSE:URS) were the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,110,256 shares, a drop of 68.8% from the July 15th total of 6,757,326 shares, AmericanBankingNews.com reports. Approximately 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,898,224 shares, the short-interest ratio is presently 1.1 days.
Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of URS Corp from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, 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. Finally, analysts at Davidson downgraded shares of URS Corp to a “neutral” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. URS Corp has an average rating of “Hold” and an average target price of $53.25.
URS Corp (NYSE:URS) opened at 59.42 on Monday. URS Corp has a 1-year low of $41.62 and a 1-year high of $59.71. The stock’s 50-day moving average is $55.78 and its 200-day moving average is $48.84. The company has a market cap of $4.107 billion and a price-to-earnings ratio of 19.30.
URS Corp (NYSE:URS) last announced its earnings results on Tuesday, August 12th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters 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 $3.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Shareholders of record on Friday, September 19th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, September 17th.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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