Wall Street analysts expect Fluor Co. (NEW) (NYSE:FLR) to report $4.60 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Fluor Co. (NEW)’s earnings, with the lowest sales estimate coming in at $4.53 billion and the highest estimate coming in at $4.71 billion. Fluor Co. (NEW) posted sales of $4.88 billion in the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The business is scheduled to report its next quarterly earnings report after the market closes 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 fiscal year, with estimates ranging from $18.62 billion to $19.17 billion. For the next financial year, analysts anticipate that the business will report sales of $20.17 billion, with estimates ranging from $19.26 billion to $20.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Fluor Co. (NEW).
Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.68). The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share.
In other news, CEO Carlos M. Hernandez purchased 17,001 shares of the stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $29.52 per share, for a total transaction of $501,869.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alan L. Boeckmann purchased 16,000 shares of the stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $29.81 per share, for a total transaction of $476,960.00. Following the transaction, the insider now directly owns 17,250 shares of the company’s stock, valued at $514,222.50. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its stake in shares of Fluor Co. (NEW) by 133.2% during the first quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock valued at $27,000 after buying an additional 417 shares during the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of Fluor Co. (NEW) during the fourth quarter valued at about $33,000. First Manhattan Co. grew its stake in shares of Fluor Co. (NEW) by 51.2% during the first quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock valued at $33,000 after buying an additional 308 shares during the last quarter. Institutional & Family Asset Management LLC grew its stake in shares of Fluor Co. (NEW) by 211.7% during the first quarter. Institutional & Family Asset Management LLC now owns 957 shares of the construction company’s stock valued at $35,000 after buying an additional 650 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Fluor Co. (NEW) by 50.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,292 shares of the construction company’s stock valued at $48,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.
Shares of FLR stock traded up $0.96 during trading hours on Friday, hitting $32.88. 871,961 shares of the company’s stock were exchanged, compared to its average volume of 1,555,819. The company has a 50-day moving average price of $30.63. 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 $4.60 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.40 and a beta of 2.04. Fluor Co. has a 52 week low of $27.69 and a 52 week high of $60.60.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a yield of 2.55%. Fluor Co. (NEW)’s payout ratio is 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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