Fluor Corporation (NYSE:FLR) issued its quarterly earnings data on Thursday. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09, Bloomberg Earnings reports. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.81%. The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the company earned $0.03 earnings per share. Fluor Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. Fluor Corporation updated its FY17 guidance to $1.50-1.60 EPS.
Shares of Fluor Corporation (NYSE:FLR) traded up $2.92 during mid-day trading on Friday, reaching $46.86. 2,712,342 shares of the company were exchanged, compared to its average volume of 1,340,185. The firm has a market cap of $6,554.54, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 3.86 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.50 and a debt-to-equity ratio of 0.47.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, December 4th. Fluor Corporation’s dividend payout ratio (DPR) is currently 58.74%.
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A number of brokerages have recently weighed in on FLR. Robert W. Baird boosted their price objective on shares of 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 objective on shares of Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday. Citigroup Inc. set a $53.00 price objective on shares of Fluor Corporation and gave the stock a “buy” rating in a research note on Friday, October 27th. UBS Group AG (USA) boosted their price objective on shares of Fluor Corporation from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Johnson Rice cut shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and reduced their price objective for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Fluor Corporation presently has a consensus rating of “Hold” and a consensus price target of $46.85.
Fluor Corporation Company Profile
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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