Zacks: Analysts Anticipate Fluor Co. (FLR) to Announce $0.69 EPS

Equities research analysts predict that Fluor Co. (NYSE:FLR) will announce earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Fluor’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.67. Fluor reported earnings per share of $0.72 during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.2%. The company is scheduled to report its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Fluor will report full-year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.30. For the next year, analysts expect that the business will report earnings of $3.37 per share, with EPS estimates ranging from $3.10 to $3.57. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Fluor.

Fluor (NYSE:FLR) last announced its earnings results on Thursday, May 3rd. The construction company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.25). Fluor had a return on equity of 11.08% and a net margin of 0.58%. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.69 billion. During the same period in the previous year, the company earned $0.43 earnings per share. Fluor’s quarterly revenue was down .3% on a year-over-year basis.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Fluor from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Bank of America raised shares of Fluor from an “underperform” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, May 9th. MKM Partners cut their target price on shares of Fluor to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 8th. Zacks Investment Research downgraded shares of Fluor from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Finally, Credit Suisse Group cut their target price on shares of Fluor to $73.00 and set an “outperform” rating on the stock in a research note on Monday, May 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.07.

In other news, EVP Garry William Flowers sold 3,908 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $57.40, for a total value of $224,319.20. Following the completion of the transaction, the executive vice president now owns 59,830 shares in the company, valued at approximately $3,434,242. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter J. Fluor bought 50,000 shares of the stock in a transaction dated Tuesday, May 8th. The stock was bought at an average price of $44.54 per share, with a total value of $2,227,000.00. Following the acquisition, the director now owns 141,120 shares in the company, valued at approximately $6,285,484.80. The disclosure for this purchase can be found here. Insiders have sold a total of 115,665 shares of company stock valued at $6,634,361 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of FLR. American Beacon Advisors Inc. acquired a new position in shares of Fluor in the 4th quarter valued at $120,000. SeaCrest Wealth Management LLC acquired a new position in shares of Fluor in the 4th quarter valued at $135,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Fluor in the 4th quarter valued at $145,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Fluor in the 1st quarter valued at $184,000. Finally, Comerica Securities Inc. acquired a new position in shares of Fluor in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 89.69% of the company’s stock.

FLR traded down $0.38 during trading hours on Friday, hitting $48.37. 47,632 shares of the company’s stock were exchanged, compared to its average volume of 2,703,806. Fluor has a 12-month low of $37.03 and a 12-month high of $62.09. The company has a market cap of $6.89 billion, a P/E ratio of 29.66, a PEG ratio of 0.74 and a beta of 1.48. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.51.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, May 31st. Fluor’s dividend payout ratio (DPR) is presently 51.53%.

Fluor Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, 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 (NYSE:FLR)

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