$0.63 Earnings Per Share Expected for Fluor Co. (NEW) (FLR) This Quarter

Analysts predict that Fluor Co. (NEW) (NYSE:FLR) will announce $0.63 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Fluor Co. (NEW)’s earnings, with estimates ranging from $0.60 to $0.69. Fluor Co. (NEW) posted earnings per share of $0.82 in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.2%. The firm is expected to announce its next earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that Fluor Co. (NEW) will report full year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.53 to $1.62. For the next financial year, analysts forecast that the business will report earnings of $2.29 per share, with EPS estimates ranging from $2.00 to $2.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fluor Co. (NEW).

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fluor Co. (NEW) had a return on equity of 11.69% and a net margin of 1.03%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Fluor Co. (NEW) from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. UBS Group lifted their price target on Fluor Co. (NEW) from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. MKM Partners set a $56.00 price target on Fluor Co. (NEW) and gave the company a “hold” rating in a report on Wednesday. Citigroup set a $53.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Robert W. Baird lifted their price target on Fluor Co. (NEW) from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $51.92.

In other Fluor Co. (NEW) news, Chairman David Thomas Seaton sold 40,000 shares of Fluor Co. (NEW) stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total value of $1,902,800.00. Following the transaction, the chairman now owns 276,643 shares in the company, valued at $13,159,907.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jose Luis M. Bustamante sold 2,750 shares of Fluor Co. (NEW) stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the completion of the transaction, the insider now owns 38,757 shares in the company, valued at approximately $1,884,752.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,932 shares of company stock worth $2,191,092. 1.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of FLR. Artisan Partners Limited Partnership grew its position in Fluor Co. (NEW) by 53.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,000,036 shares of the construction company’s stock worth $168,402,000 after purchasing an additional 1,399,145 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Fluor Co. (NEW) during the 3rd quarter worth approximately $57,365,000. Becker Capital Management Inc. purchased a new position in Fluor Co. (NEW) during the 3rd quarter worth approximately $26,858,000. Janus Henderson Group PLC grew its position in Fluor Co. (NEW) by 4,064.5% during the 2nd quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock worth $26,460,000 after purchasing an additional 564,113 shares in the last quarter. Finally, BlackRock Inc. grew its position in Fluor Co. (NEW) by 4.7% during the 2nd quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock worth $432,519,000 after purchasing an additional 422,641 shares in the last quarter. Hedge funds and other institutional investors own 84.13% of the company’s stock.

Shares of Fluor Co. (NYSE:FLR) opened at $60.43 on Friday. The firm has a market capitalization of $8,450.00, a P/E ratio of 42.26, a PEG ratio of 2.86 and a beta of 1.46. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. Fluor Co. has a twelve month low of $37.04 and a twelve month high of $60.61.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.84 annualized dividend and a yield of 1.39%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 58.74%.

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Fluor Co. (NEW) 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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