Fluor Co. (NEW) (NYSE:FLR) Expected to Announce Earnings of $0.33 Per Share

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Equities analysts expect that Fluor Co. (NEW) (NYSE:FLR) will report $0.33 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Fluor Co. (NEW)’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.17. Fluor Co. (NEW) posted earnings per share of $0.55 during the same quarter last year, which would suggest a negative year over year growth rate of 40%. The business is scheduled to report its next earnings results on Thursday, November 7th.

On average, analysts expect that Fluor Co. (NEW) will report full year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $1.05. For the next year, analysts anticipate that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.52 to $2.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Fluor Co. (NEW).

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.19). The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.72 billion. Fluor Co. (NEW) had a negative net margin of 2.74% and a positive return on equity of 7.09%. The company’s revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share.

Several analysts recently issued reports on FLR shares. TheStreet cut shares of Fluor Co. (NEW) from a “c” rating to a “d+” rating in a report on Friday, August 2nd. ValuEngine raised shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, June 13th. Credit Suisse Group cut their price target on shares of Fluor Co. (NEW) from $41.00 to $31.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Barclays reaffirmed a “hold” rating and issued a $28.00 price target on shares of Fluor Co. (NEW) in a report on Sunday, August 4th. Finally, Canaccord Genuity raised shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.45.

FLR traded down $0.87 during trading on Tuesday, hitting $20.96. The company had a trading volume of 4,496,314 shares, compared to its average volume of 2,727,916. The company has a market cap of $3.05 billion, a PE ratio of 9.75 and a beta of 2.19. The business has a 50-day moving average of $20.98 and a 200-day moving average of $30.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 0.97. Fluor Co. has a 1-year low of $16.25 and a 1-year high of $60.60.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.01%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 39.07%.

Large investors have recently modified their holdings of the business. Rehmann Capital Advisory Group raised its holdings in shares of Fluor Co. (NEW) by 133.2% during the first quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock worth $27,000 after purchasing an additional 417 shares during the period. Institutional & Family Asset Management LLC raised its holdings in shares of Fluor Co. (NEW) by 211.7% during the first quarter. Institutional & Family Asset Management LLC now owns 957 shares of the construction company’s stock worth $35,000 after purchasing an additional 650 shares during the period. TRUE Private Wealth Advisors acquired a new stake in shares of Fluor Co. (NEW) during the second quarter worth $35,000. YorkBridge Wealth Partners LLC raised its holdings in shares of Fluor Co. (NEW) by 50.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,292 shares of the construction company’s stock worth $48,000 after purchasing an additional 435 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fluor Co. (NEW) by 34.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the construction company’s stock worth $55,000 after purchasing an additional 381 shares during the period. 89.88% of the stock is currently owned by institutional investors.

Fluor Co. (NEW) Company Profile

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

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Earnings History and Estimates for Fluor Co. (NEW) (NYSE:FLR)

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