Fluor Corporation (NYSE:FLR) is scheduled to announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Fluor Corporation has set its FY17 guidance at $1.40-1.70 EPS.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts expect Fluor Corporation to post $1.47 EPS for the current fiscal year and $2.41 EPS for the next fiscal year.
Shares of Fluor Corporation (NYSE:FLR) opened at 43.09 on Wednesday. The stock has a market cap of $6.03 billion, a PE ratio of 53.80 and a beta of 1.40. Fluor Corporation has a 52 week low of $37.04 and a 52 week high of $58.37. The firm has a 50-day moving average price of $42.10 and a 200-day moving average price of $43.89.
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FLR has been the topic of a number of research analyst reports. BidaskClub downgraded Fluor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Deutsche Bank AG downgraded Fluor Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $40.00 in a report on Friday, August 4th. DA Davidson downgraded Fluor Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $48.00 in a report on Friday, August 4th. Canaccord Genuity set a $48.00 target price on Fluor Corporation and gave the stock a “buy” rating in a report on Sunday, August 6th. Finally, Johnson Rice downgraded Fluor Corporation from a “buy” rating to an “accumulate” rating and reduced their target price for the stock from $62.00 to $48.00 in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $47.17.
About Fluor Corporation
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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