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.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.95%. Fluor Corporation’s dividend payout ratio (DPR) is currently 106.33%.

ILLEGAL ACTIVITY WARNING: “Fluor Corporation (FLR) Releases FY17 Earnings Guidance” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/02/fluor-corporation-flr-releases-fy17-earnings-guidance.html.

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.

Earnings History and Estimates for Fluor Corporation (NYSE:FLR)

Receive News & Ratings for Fluor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.