Wall Street analysts expect Fluor Co. (NEW) (NYSE:FLR) to report earnings of $0.82 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Fluor Co. (NEW)’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.75. Fluor Co. (NEW) posted earnings of $0.57 per share in the same quarter last year, which would suggest a positive year over year growth rate of 43.9%. The firm is expected to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Fluor Co. (NEW) will report full-year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.20 to $3.32. For the next fiscal year, analysts forecast that the company will report earnings of $3.28 per share, with EPS estimates ranging from $2.57 to $3.66. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Fluor Co. (NEW).
Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. Fluor Co. (NEW) had a net margin of 0.98% and a return on equity of 10.95%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same period last year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis.
Shares of Fluor Co. (NYSE FLR) opened at $58.28 on Tuesday. Fluor Co. has a 12-month low of $37.03 and a 12-month high of $62.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.57. The stock has a market cap of $8,160.00, a P/E ratio of 30.67, a PEG ratio of 1.07 and a beta of 1.52.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Fluor Co. (NEW)’s dividend payout ratio is currently 44.21%.
In related news, EVP Carlos M. Hernandez sold 30,257 shares of Fluor Co. (NEW) stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.25, for a total transaction of $1,762,470.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bruce A. Stanski sold 3,718 shares of Fluor Co. (NEW) stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $57.44, for a total value of $213,561.92. Following the transaction, the chief financial officer now owns 61,802 shares of the company’s stock, valued at $3,549,906.88. The disclosure for this sale can be found here. Insiders have sold a total of 121,218 shares of company stock valued at $6,953,603 over the last 90 days. Insiders own 1.40% of the company’s stock.
Several institutional investors have recently modified their holdings of FLR. Balentine LLC grew its stake in Fluor Co. (NEW) by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after acquiring an additional 1,393 shares during the period. American Beacon Advisors Inc. purchased a new stake in Fluor Co. (NEW) in the 4th quarter worth approximately $120,000. SeaCrest Wealth Management LLC purchased a new stake in Fluor Co. (NEW) in the 4th quarter worth approximately $135,000. Pin Oak Investment Advisors Inc. purchased a new stake in Fluor Co. (NEW) in the 4th quarter worth approximately $145,000. Finally, Mission Wealth Management LP purchased a new stake in Fluor Co. (NEW) in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.
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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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