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.
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.
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%.
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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.
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