Fluor Corporation (NYSE:FLR) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.48.
Shares of Fluor Corporation (NYSE:FLR) traded up $2.92 during mid-day trading on Friday, hitting $46.86. The company’s stock had a trading volume of 2,712,342 shares, compared to its average volume of 1,340,185. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.50. The firm has a market capitalization of $6.22 billion, a PE ratio of 15.99, a PEG ratio of 3.67 and a beta of 1.42.
Fluor Corporation (NYSE:FLR) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. Fluor Corporation had a return on equity of 11.81% and a net margin of 1.03%. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the prior year, the company earned $0.03 EPS. Fluor Corporation’s revenue was up 3.7% on a year-over-year basis. equities analysts anticipate that Fluor Corporation will post 1.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, December 4th. Fluor Corporation’s dividend payout ratio is presently 58.74%.
A number of research analysts have weighed in on the company. Robert W. Baird increased their price target on Fluor Corporation from $40.00 to $48.00 and gave the stock a neutral rating in a research note on Friday. Credit Suisse Group reduced their price target on Fluor Corporation from $43.00 to $41.00 and set a neutral rating on the stock in a research note on Friday. Citigroup Inc. set a $53.00 price target on Fluor Corporation and gave the stock a buy rating in a research note on Friday, October 27th. UBS AG increased their price target on Fluor Corporation from $43.00 to $46.00 and gave the stock a neutral rating in a research note on Friday. Finally, Johnson Rice lowered Fluor Corporation from a buy rating to an accumulate rating and reduced their price target for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $46.85.
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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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