Fluor Co. (NEW) (NYSE:FLR) Updates FY 2018 Earnings Guidance

Fluor Co. (NEW) (NYSE:FLR) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.04. Fluor Co. (NEW) also updated its FY18 guidance to $1.80-1.90 EPS.

FLR stock traded down $1.63 during mid-day trading on Friday, hitting $46.60. The company had a trading volume of 2,062,538 shares, compared to its average volume of 2,444,467. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 0.70 and a beta of 1.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.52. Fluor Co. has a 12 month low of $42.22 and a 12 month high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.66 billion. Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Analysts forecast that Fluor Co. will post 2.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. Fluor Co. (NEW)’s payout ratio is 51.53%.

Several research firms have recently weighed in on FLR. TheStreet downgraded shares of Fluor Co. (NEW) from a b- rating to a c rating in a research note on Thursday, November 1st. MKM Partners set a $49.00 target price on shares of Fluor Co. (NEW) and gave the stock a hold rating in a research note on Friday, November 2nd. Robert W. Baird reduced their price objective on shares of Fluor Co. (NEW) from $59.00 to $50.00 and set a hold rating for the company in a research note on Friday, November 2nd. Barclays set a $55.00 price objective on shares of Fluor Co. (NEW) and gave the company a hold rating in a research note on Saturday, November 3rd. Finally, Canaccord Genuity raised shares of Fluor Co. (NEW) from a hold rating to a buy rating in a research note on Friday, August 17th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fluor Co. (NEW) presently has a consensus rating of Hold and an average target price of $59.08.

In other Fluor Co. (NEW) news, Chairman David Thomas Seaton acquired 5,158 shares of the stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of $48.52 per share, for a total transaction of $250,266.16. Following the acquisition, the chairman now owns 301,400 shares in the company, valued at approximately $14,623,928. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

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About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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

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