Fluor Corp. (FLR) Shares Gap Up to $52.37
Fluor Corp. (NYSE:FLR) gapped up before the market opened on Tuesday . The stock had previously closed at $52.12, but opened at $52.37. Fluor Corp. shares last traded at $53.46, with a volume of 394,753 shares changing hands.
FLR has been the topic of a number of recent research reports. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Fluor Corp. in a report on Tuesday, August 16th. DA Davidson reaffirmed a “buy” rating on shares of Fluor Corp. in a report on Friday, August 5th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Fluor Corp. in a report on Saturday, June 4th. TheStreet raised Fluor Corp. from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Finally, Robert W. Baird reissued a “hold” rating on shares of Fluor Corp. in a report on Sunday, May 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Fluor Corp. has an average rating of “Hold” and a consensus target price of $53.20.
The company’s 50 day moving average is $52.50 and its 200 day moving average is $51.37. The firm has a market capitalization of $7.37 billion and a P/E ratio of 23.144.
Fluor Corp. (NYSE:FLR) last announced its earnings results on Thursday, August 4th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.16. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts forecast that Fluor Corp. will post $3.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 2nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.