Fluor Corporation (FLR) Releases FY17 Earnings Guidance
Fluor Corporation (NYSE:FLR) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.48.
FLR has been the topic of a number of analyst reports. BidaskClub downgraded Fluor Corporation from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. DA Davidson downgraded Fluor Corporation from a buy rating to a neutral rating and decreased their price target for the company from $55.00 to $48.00 in a research note on Friday, August 4th. Deutsche Bank AG downgraded Fluor Corporation from a buy rating to a hold rating and decreased their price target for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Citigroup Inc. set a $53.00 price target on Fluor Corporation and gave the company a buy rating in a research note on Friday, October 27th. Finally, Stephens restated an overweight rating and issued a $50.00 price target (up from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $47.17.
Fluor Corporation (NYSE:FLR) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (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 company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. Fluor Corporation’s quarterly revenue was down 2.9% compared to the same quarter last year.
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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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