Fluor Co. (NEW) (FLR) Expected to Post Quarterly Sales of $4.77 Billion

Equities analysts expect Fluor Co. (NEW) (NYSE:FLR) to report sales of $4.77 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Fluor Co. (NEW)’s earnings, with estimates ranging from $4.64 billion to $5.02 billion. Fluor Co. (NEW) posted sales of $4.99 billion during the same quarter last year, which suggests a negative year over year growth rate of 4.4%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 20th.

On average, analysts expect that Fluor Co. (NEW) will report full year sales of $4.77 billion for the current year, with estimates ranging from $19.14 billion to $19.52 billion. For the next year, analysts expect that the company will post sales of $18.64 billion per share, with estimates ranging from $17.90 billion to $19.91 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Fluor Co. (NEW).

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

FLR has been the subject of several recent analyst reports. Seaport Global Securities reaffirmed a “neutral” rating and set a $44.00 price objective (down from $50.00) on shares of Fluor Co. (NEW) in a research report on Wednesday, October 11th. Stephens restated an “overweight” rating and issued a $50.00 price objective (up from $44.00) on shares of Fluor Co. (NEW) in a research note on Saturday, October 14th. Citigroup set a $53.00 price objective on shares of Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group dropped their price target on shares of Fluor Co. (NEW) from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Finally, Robert W. Baird boosted their price objective on shares of Fluor Co. (NEW) from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.92.

In related news, Chairman David Thomas Seaton sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total transaction of $1,902,800.00. Following the completion of the sale, the chairman now directly owns 276,643 shares in the company, valued at $13,159,907.51. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jose Luis M. Bustamante sold 2,750 shares of the firm’s 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 sale, the insider now owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,932 shares of company stock valued at $2,191,092. Corporate insiders own 1.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Fluor Co. (NEW) by 3.7% during the second quarter. Principal Financial Group Inc. now owns 218,989 shares of the construction company’s stock worth $10,026,000 after acquiring an additional 7,744 shares during the period. BlackRock Inc. boosted its stake in shares of Fluor Co. (NEW) by 4.7% in the 2nd quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock valued at $432,519,000 after purchasing an additional 422,641 shares in the last quarter. Laurion Capital Management LP acquired a new stake in shares of Fluor Co. (NEW) in the 2nd quarter valued at $824,000. ProShare Advisors LLC raised its holdings in shares of Fluor Co. (NEW) by 40.7% in the second quarter. ProShare Advisors LLC now owns 49,438 shares of the construction company’s stock valued at $2,263,000 after buying an additional 14,290 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Fluor Co. (NEW) by 1,244.4% in the second quarter. Thrivent Financial For Lutherans now owns 68,970 shares of the construction company’s stock valued at $3,157,000 after buying an additional 63,840 shares during the last quarter. 84.21% of the stock is currently owned by institutional investors.

Shares of Fluor Co. (NYSE:FLR) traded up $0.86 during mid-day trading on Tuesday, reaching $61.29. 2,406,800 shares of the company’s stock traded hands, compared to its average volume of 1,511,986. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18. Fluor Co. has a 52 week low of $37.03 and a 52 week high of $61.56. The stock has a market cap of $8,570.00, a PE ratio of 42.86, a PEG ratio of 2.88 and a beta of 1.46.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. 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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