Fluor Co. (NEW) (FLR) Expected to Post Earnings of $0.63 Per Share

Equities analysts expect Fluor Co. (NEW) (NYSE:FLR) to post earnings of $0.63 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Fluor Co. (NEW)’s earnings, with estimates ranging from $0.60 to $0.69. Fluor Co. (NEW) posted earnings of $0.82 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 23.2%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Fluor Co. (NEW) will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.53 to $1.62. For the next year, analysts anticipate that the business will report earnings of $2.29 per share, with EPS estimates ranging from $2.00 to $2.45. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Fluor Co. (NEW).

FLR has been the topic of a number of analyst reports. Stephens reissued an “overweight” rating and issued a $50.00 price target (up from $44.00) on shares of Fluor Co. (NEW) in a research report on Saturday, October 14th. Citigroup set a $53.00 price objective on Fluor Co. (NEW) and gave the company a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group lowered their price objective on Fluor Co. (NEW) from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Robert W. Baird upped their price objective on Fluor Co. (NEW) from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, UBS Group upped their price objective on Fluor Co. (NEW) from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Fluor Co. (NEW) currently has a consensus rating of “Hold” and an average price target of $54.62.

Shares of Fluor Co. (FLR) traded down $0.30 on Wednesday, hitting $55.01. The stock had a trading volume of 1,960,000 shares, compared to its average volume of 1,530,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. Fluor Co. has a 12-month low of $37.04 and a 12-month high of $62.09. The company has a market cap of $7,650.00, a PE ratio of 38.47, a P/E/G ratio of 2.64 and a beta of 1.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be given a $0.21 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.53%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 58.74%.

In other news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the transaction, the insider now directly owns 38,757 shares of the company’s stock, valued at approximately $1,884,752.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David Thomas Seaton sold 40,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total value of $1,902,800.00. Following the transaction, the chairman now directly owns 276,643 shares in the company, valued at $13,159,907.51. The disclosure for this sale can be found here. Insiders sold a total of 45,932 shares of company stock worth $2,191,092 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mission Wealth Management LP bought a new position in shares of Fluor Co. (NEW) during the 4th quarter valued at $201,000. American International Group Inc. lifted its holdings in shares of Fluor Co. (NEW) by 14.8% during the 4th quarter. American International Group Inc. now owns 47,891 shares of the construction company’s stock valued at $2,474,000 after buying an additional 6,180 shares during the period. Wealthfront Inc. lifted its holdings in shares of Fluor Co. (NEW) by 20.6% during the 4th quarter. Wealthfront Inc. now owns 13,039 shares of the construction company’s stock valued at $673,000 after buying an additional 2,225 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Fluor Co. (NEW) by 209.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,902,330 shares of the construction company’s stock valued at $201,554,000 after buying an additional 2,640,432 shares during the period. Finally, Advanced Asset Management Advisors Inc bought a new position in shares of Fluor Co. (NEW) during the 4th quarter valued at $594,000. 84.39% of the stock is currently owned by hedge funds and other institutional investors.

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About Fluor Co. (NEW)

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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