Brokerages forecast that Fluor Co. (NEW) (NYSE:FLR) will announce $4.60 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Fluor Co. (NEW)’s earnings. The lowest sales estimate is $4.53 billion and the highest is $4.71 billion. Fluor Co. (NEW) posted sales of $4.88 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Fluor Co. (NEW) will report full-year sales of $18.90 billion for the current financial year, with estimates ranging from $18.62 billion to $19.17 billion. For the next fiscal year, analysts expect that the company will post sales of $20.17 billion, with estimates ranging from $19.26 billion to $20.81 billion. Zacks Investment Research’s sales 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 posted its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share.

Several research firms have issued reports on FLR. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. ValuEngine raised shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. UBS Group decreased their price objective on shares of Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. DA Davidson decreased their price objective on shares of Fluor Co. (NEW) to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Finally, MKM Partners set a $39.00 price objective on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday, April 5th. Two 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 company presently has an average rating of “Hold” and a consensus target price of $46.45.

In other Fluor Co. (NEW) news, CEO Carlos M. Hernandez purchased 17,001 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $29.52 per share, with a total value of $501,869.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alan L. Boeckmann purchased 16,000 shares of the firm’s stock in a transaction dated 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 purchase, the insider now owns 17,250 shares of the company’s stock, valued at approximately $514,222.50. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Several large investors have recently bought and sold shares of FLR. Benin Management CORP purchased a new position in Fluor Co. (NEW) during the first quarter worth about $202,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Fluor Co. (NEW) during the first quarter worth about $423,000. World Asset Management Inc raised its stake in Fluor Co. (NEW) by 88.0% during the first quarter. World Asset Management Inc now owns 14,300 shares of the construction company’s stock worth $526,000 after purchasing an additional 6,692 shares during the period. Advisor Partners LLC purchased a new position in Fluor Co. (NEW) during the first quarter worth about $251,000. Finally, Capital Investment Counsel Inc raised its stake in Fluor Co. (NEW) by 6.6% during the first quarter. Capital Investment Counsel Inc now owns 10,135 shares of the construction company’s stock worth $373,000 after purchasing an additional 625 shares during the period. 91.39% of the stock is currently owned by hedge funds and other institutional investors.

FLR opened at $29.38 on Thursday. 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 firm has a market cap of $4.21 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.36 and a beta of 1.95. Fluor Co. has a 52-week low of $27.69 and a 52-week high of $60.60.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

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

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