$4.75 Billion in Sales Expected for Fluor Co. (FLR) This Quarter

Brokerages forecast that Fluor Co. (NYSE:FLR) will announce sales of $4.75 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Fluor’s earnings. The highest sales estimate is $4.93 billion and the lowest is $4.61 billion. Fluor posted sales of $4.84 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.9%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Fluor will report full-year sales of $18.75 billion for the current financial year, with estimates ranging from $18.17 billion to $19.25 billion. For the next year, analysts expect that the firm will report sales of $19.54 billion per share, with estimates ranging from $18.48 billion to $20.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Fluor.

How to Become a New Pot Stock Millionaire

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Fluor had a net margin of 0.98% and a return on equity of 10.95%. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Alembic Global Advisors reaffirmed a “hold” rating on shares of Fluor in a research report on Wednesday, February 21st. Barclays raised their target price on shares of Fluor from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Citigroup raised their target price on shares of Fluor from $53.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research cut shares of Fluor from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, MKM Partners set a $56.00 target price on shares of Fluor and gave the stock a “hold” rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Fluor has an average rating of “Hold” and a consensus price target of $58.00.

In other news, Chairman David Thomas Seaton sold 50,000 shares of Fluor stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $56.72, for a total transaction of $2,836,000.00. Following the sale, the chairman now owns 302,312 shares of the company’s stock, valued at $17,147,136.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robin K. Chopra sold 5,553 shares of Fluor stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.49, for a total value of $319,241.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,218 shares of company stock worth $6,953,603. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new position in shares of Fluor during the fourth quarter valued at approximately $120,000. SeaCrest Wealth Management LLC acquired a new position in shares of Fluor during the fourth quarter valued at approximately $135,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Fluor during the fourth quarter valued at approximately $145,000. Mission Wealth Management LP acquired a new position in shares of Fluor during the fourth quarter valued at approximately $201,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Fluor during the fourth quarter valued at approximately $201,000. 87.15% of the stock is currently owned by institutional investors.

Shares of FLR stock opened at $59.15 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. Fluor has a one year low of $37.03 and a one year high of $62.09. The stock has a market cap of $8,309.09, a PE ratio of 36.29, a P/E/G ratio of 1.09 and a beta of 1.46.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.42%. Fluor’s dividend payout ratio (DPR) is presently 51.53%.

TRADEMARK VIOLATION WARNING: “$4.75 Billion in Sales Expected for Fluor Co. (FLR) This Quarter” was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://weekherald.com/2018/04/20/4-75-billion-in-sales-expected-for-fluor-co-flr-this-quarter.html.

About Fluor

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. It operates through four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Diversified Services; and Government.

Get a free copy of the Zacks research report on Fluor (FLR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fluor (NYSE:FLR)

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

Leave a Reply