Fluor Co. (NEW) (NYSE:FLR) – Analysts at KeyCorp issued their FY2020 earnings per share (EPS) estimates for shares of Fluor Co. (NEW) in a research note issued to investors on Tuesday. KeyCorp analyst T. Afzal expects that the construction company will post earnings per share of $4.18 for the year. KeyCorp has a “Overweight” rating and a $64.00 price target on the stock.
Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Fluor Co. (NEW) had a return on equity of 10.95% and a net margin of 0.98%. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period last year, the company earned $0.82 earnings per share. Fluor Co. (NEW)’s quarterly revenue was up .8% compared to the same quarter last year.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Fluor Co. (NEW) from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a report on Friday. DA Davidson increased their price objective on Fluor Co. (NEW) to $63.00 and gave the stock a “neutral” rating in a report on Thursday. Credit Suisse Group reiterated an “outperform” rating and set a $73.00 price objective (up from $71.00) on shares of Fluor Co. (NEW) in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $64.00 price objective on shares of Fluor Co. (NEW) in a report on Wednesday. Finally, Citigroup raised their target price on Fluor Co. (NEW) from $74.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.64.
Shares of Fluor Co. (NYSE:FLR) traded up $0.04 during trading hours on Thursday, hitting $58.15. The company had a trading volume of 1,287,372 shares, compared to its average volume of 1,567,614. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. Fluor Co. has a twelve month low of $37.04 and a twelve month high of $62.09. The stock has a market capitalization of $8,130.01, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.44%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 61.76%.
In other news, insider Robin K. Chopra sold 5,553 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.49, for a total value of $319,241.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bruce A. Stanski sold 2,792 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $48.48, for a total value of $135,356.16. Following the completion of the sale, the chief financial officer now directly owns 40,104 shares in the company, valued at $1,944,241.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,485 shares of company stock worth $607,534. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of FLR. Mutual of America Capital Management LLC grew its position in shares of Fluor Co. (NEW) by 15.1% in the third quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock valued at $832,000 after purchasing an additional 2,592 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Fluor Co. (NEW) in the third quarter valued at about $3,200,000. Nationwide Fund Advisors grew its position in shares of Fluor Co. (NEW) by 18.2% in the third quarter. Nationwide Fund Advisors now owns 45,411 shares of the construction company’s stock valued at $1,912,000 after purchasing an additional 6,984 shares during the last quarter. First Trust Advisors LP grew its position in Fluor Co. (NEW) by 28.2% during the third quarter. First Trust Advisors LP now owns 279,012 shares of the construction company’s stock worth $11,746,000 after buying an additional 61,311 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in Fluor Co. (NEW) by 3.8% during the third quarter. Calamos Advisors LLC now owns 57,423 shares of the construction company’s stock worth $2,418,000 after buying an additional 2,105 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.
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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