$0.59 EPS Expected for Fluor Corporation (FLR) This Quarter
Equities analysts expect Fluor Corporation (NYSE:FLR) to report $0.59 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Fluor Corporation’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.53. Fluor Corporation posted earnings per share of $1.13 during the same quarter last year, which would indicate a negative year-over-year growth rate of 47.8%. The business is expected to announce its next earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Fluor Corporation will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.56. For the next financial year, analysts forecast that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.00 to $2.75. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Fluor Corporation.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the business earned $0.72 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis.
Several brokerages have recently issued reports on FLR. BidaskClub cut Fluor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. DA Davidson cut Fluor Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $48.00 in a report on Friday, August 4th. Deutsche Bank AG cut Fluor Corporation from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $40.00 in a report on Friday, August 4th. Stephens reaffirmed an “overweight” rating and set a $50.00 price objective (up from $44.00) on shares of Fluor Corporation in a report on Saturday, October 14th. Finally, Seaport Global Securities reaffirmed a “neutral” rating and set a $44.00 price objective (down from $50.00) on shares of Fluor Corporation in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.17.
A number of institutional investors have recently made changes to their positions in FLR. OppenheimerFunds Inc. grew its position in Fluor Corporation by 14.9% in the 1st quarter. OppenheimerFunds Inc. now owns 45,801 shares of the construction company’s stock valued at $2,410,000 after acquiring an additional 5,948 shares during the last quarter. Principal Financial Group Inc. grew its position in Fluor Corporation by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 211,245 shares of the construction company’s stock valued at $11,115,000 after acquiring an additional 2,793 shares during the last quarter. Wellington Management Group LLP bought a new position in Fluor Corporation in the 1st quarter valued at $1,648,000. Teachers Advisors LLC grew its position in Fluor Corporation by 26.4% in the 1st quarter. Teachers Advisors LLC now owns 482,430 shares of the construction company’s stock valued at $25,385,000 after acquiring an additional 100,713 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Fluor Corporation by 6.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,130 shares of the construction company’s stock valued at $270,000 after acquiring an additional 320 shares during the last quarter. 84.50% of the stock is currently owned by institutional investors.
Fluor Corporation (NYSE:FLR) opened at 43.19 on Monday. The firm’s 50-day moving average is $41.40 and its 200-day moving average is $44.41. The company has a market capitalization of $6.04 billion, a PE ratio of 53.92 and a beta of 1.40. Fluor Corporation has a 12 month low of $37.04 and a 12 month high of $58.37.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is presently 106.33%.
Fluor Corporation Company Profile
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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