Fluor Co. (NEW) (NYSE:FLR) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Fluor Co. (NEW) to post earnings of $0.54 per share for the quarter. Fluor Co. (NEW) has set its FY 2019 guidance at $2.50-3.00 EPS and its FY19 guidance at $2.50-3.00 EPS.
Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings results on Thursday, February 21st. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.16. Fluor Co. (NEW) had a net margin of 1.17% and a return on equity of 11.98%. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts expect Fluor Co. (NEW) to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of FLR stock opened at $41.15 on Thursday. Fluor Co. has a 52 week low of $29.78 and a 52 week high of $60.75. The company has a market capitalization of $5.78 billion, a PE ratio of 19.14, a P/E/G ratio of 0.88 and a beta of 1.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.10.
A number of brokerages have recently commented on FLR. ValuEngine upgraded shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. Zacks Investment Research lowered shares of Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Credit Suisse Group reiterated a “buy” rating and issued a $56.00 price target on shares of Fluor Co. (NEW) in a research note on Monday, February 11th. Finally, MKM Partners reiterated a “neutral” rating and issued a $39.00 price target on shares of Fluor Co. (NEW) in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.69.
In related news, EVP Jose Luis M. Bustamante sold 2,737 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $37.06, for a total transaction of $101,433.22. Following the completion of the sale, the executive vice president now directly owns 73,409 shares in the company, valued at $2,720,537.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ray F. Barnard sold 7,515 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.57, for a total transaction of $282,338.55. Following the sale, the insider now owns 86,572 shares of the company’s stock, valued at $3,252,510.04. The disclosure for this sale can be found here. Insiders have sold 13,570 shares of company stock valued at $506,670 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
About Fluor Co. (NEW)
Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.
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