Wall Street analysts expect Fluor Co. (NEW) (NYSE:FLR) to post $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Fluor Co. (NEW)’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.56. Fluor Co. (NEW) reported earnings per share of $0.81 during the same quarter last year, which suggests a negative year over year growth rate of 34.6%. The firm is scheduled to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Fluor Co. (NEW) will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.74. For the next financial year, analysts anticipate that the business will post earnings of $2.59 per share, with EPS estimates ranging from $2.40 to $2.72. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Fluor Co. (NEW).

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year.

A number of brokerages have recently issued reports on FLR. Zacks Investment Research cut Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. MKM Partners set a $39.00 target price on shares of Fluor Co. (NEW) and gave the stock a “hold” rating in a report on Friday, April 5th. ValuEngine upgraded shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. Credit Suisse Group reiterated a “buy” rating and set a $56.00 target price on shares of Fluor Co. (NEW) in a report on Monday, February 11th. Finally, Macquarie upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.45.

In related news, insider Alan L. Boeckmann acquired 16,000 shares of the stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $29.81 per share, for a total transaction of $476,960.00. Following the completion of the acquisition, the insider now directly owns 17,250 shares of the company’s stock, valued at approximately $514,222.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Carlos M. Hernandez acquired 17,001 shares of the stock in a transaction on Monday, May 13th. The stock was bought at an average price of $29.52 per share, with a total value of $501,869.52. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 13,570 shares of company stock valued at $506,670. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of FLR. Benin Management CORP purchased a new position in shares of Fluor Co. (NEW) during the first quarter valued at approximately $202,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Fluor Co. (NEW) during the 1st quarter valued at $423,000. World Asset Management Inc grew its position in shares of Fluor Co. (NEW) by 88.0% during the 1st quarter. World Asset Management Inc now owns 14,300 shares of the construction company’s stock valued at $526,000 after acquiring an additional 6,692 shares during the period. Advisor Partners LLC bought a new stake in shares of Fluor Co. (NEW) during the 1st quarter valued at $251,000. Finally, Capital Investment Counsel Inc grew its position in shares of Fluor Co. (NEW) by 6.6% during the 1st quarter. Capital Investment Counsel Inc now owns 10,135 shares of the construction company’s stock valued at $373,000 after acquiring an additional 625 shares during the period. Institutional investors and hedge funds own 86.37% of the company’s stock.

Shares of NYSE:FLR traded up $0.19 on Friday, reaching $29.04. 1,843,869 shares of the company traded hands, compared to its average volume of 3,236,086. Fluor Co. has a 52 week low of $28.00 and a 52 week high of $60.60. The stock has a market capitalization of $4.06 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.77. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

Fluor Co. (NEW) Company Profile

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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Earnings History and Estimates for Fluor Co. (NEW) (NYSE:FLR)

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