Fluor Corp. (FLR) Shares Gap Up to $52.37
Fluor Corp. (NYSE:FLR) shares 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 traded.
Several analysts have recently weighed in on the stock. Canaccord Genuity downgraded shares of Fluor Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Robert W. Baird reaffirmed a “hold” rating on shares of Fluor Corp. in a report on Sunday, May 8th. TheStreet raised shares of Fluor Corp. from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Zacks Investment Research downgraded shares of Fluor Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th. Finally, Bank of America Corp. reissued a “sell” rating on shares of Fluor Corp. in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $53.20.
The firm’s 50-day moving average price is $52.38 and its 200-day moving average price is $51.36. The stock has a market capitalization of $7.42 billion and a price-to-earnings ratio of 23.32.
Fluor Corp. (NYSE:FLR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.16. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Fluor Corp. will post $3.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 2nd will be given 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 1.58%.
An institutional investor recently raised its position in Fluor Corp. stock. KBC Group NV increased its position in shares of Fluor Corp. (NYSE:FLR) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,105 shares of the company’s stock after buying an additional 1,222 shares during the period. KBC Group NV owned approximately 0.15% of Fluor Corp. worth $9,780,000 at the end of the most recent quarter.
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.
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