Research Analysts Issue Forecasts for Fluor Corporation’s FY2019 Earnings (FLR)
Fluor Corporation (NYSE:FLR) – Equities research analysts at Seaport Global Securities issued their FY2019 earnings estimates for shares of Fluor Corporation in a report issued on Wednesday. Seaport Global Securities analyst M. Shlisky expects that the construction company will post earnings per share of $2.78 for the year. Seaport Global Securities currently has a “Neutral” rating and a $44.00 target price on the stock.
Fluor Corporation (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.13. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.
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Fluor Corporation (NYSE:FLR) traded down 0.02% during mid-day trading on Thursday, reaching $42.60. 486,676 shares of the company’s stock traded hands. The firm has a market cap of $5.96 billion, a PE ratio of 53.18 and a beta of 1.40. Fluor Corporation has a 1-year low of $37.04 and a 1-year high of $58.37. The firm has a 50 day moving average of $40.46 and a 200 day moving average of $44.82.
Hedge funds have recently added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Fluor Corporation by 35.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock valued at $1,872,000 after acquiring an additional 10,782 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in shares of Fluor Corporation by 105.1% in the second quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock valued at $2,130,000 after acquiring an additional 23,837 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Fluor Corporation by 14.6% in the second quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock valued at $56,466,000 after acquiring an additional 156,705 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Fluor Corporation by 1.0% in the second quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock valued at $36,490,000 after acquiring an additional 7,877 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of Fluor Corporation by 1,807.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock valued at $26,482,000 after acquiring an additional 509,200 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. Fluor Corporation’s dividend payout ratio (DPR) is presently 106.33%.
About Fluor Corporation
Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.
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