Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Fluor Corporation (FLR) Stock Price
News headlines about Fluor Corporation (NYSE:FLR) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fluor Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.5584284161419 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- IHS Markit Score upgrades Fluor Corp to 81 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- ETFs with exposure to Fluor Corp. : August 11, 2017 (finance.yahoo.com)
- Fluor Corporation (FLR) Expected to Post Quarterly Sales of $4.86 Billion (americanbankingnews.com)
- Fluor’s Phosphate Megaproject in Saudi Arabia Begins Production (finance.yahoo.com)
- Watch for Fluor Corp to Potentially Rebound After Falling 1.02% Yesterday (mysmartrend.com)
FLR has been the subject of a number of research reports. BidaskClub cut shares of Fluor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. DA Davidson raised shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, June 1st. Zacks Investment Research cut shares of Fluor Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, June 12th. Canaccord Genuity raised shares of Fluor Corporation from a “hold” rating to a “buy” rating and reduced their target price for the company from $57.00 to $55.00 in a report on Monday, May 15th. Finally, Credit Suisse Group reduced their target price on shares of Fluor Corporation from $69.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.10.
Shares of Fluor Corporation (FLR) opened at 39.07 on Friday. The stock has a 50 day moving average of $44.05 and a 200-day moving average of $49.46. The stock has a market capitalization of $5.47 billion, a PE ratio of 48.78 and a beta of 1.39. Fluor Corporation has a 52 week low of $38.42 and a 52 week high of $58.37.
Fluor Corporation (NYSE:FLR) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the previous year, the business posted $0.72 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that Fluor Corporation will post $1.50 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s dividend payout ratio is currently 106.33%.
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About Fluor Corporation
Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.
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