Equities Analysts Set Expectations for Fluor Corporation’s Q3 2017 Earnings (FLR)
Fluor Corporation (NYSE:FLR) – Analysts at Seaport Global Securities issued their Q3 2017 earnings estimates for Fluor Corporation in a report issued on Wednesday. Seaport Global Securities analyst M. Shlisky expects that the construction company will earn $0.60 per share for the quarter. Seaport Global Securities has a “Neutral” rating and a $44.00 price target on the stock. Seaport Global Securities also issued estimates for Fluor Corporation’s Q4 2017 earnings at $0.69 EPS, FY2017 earnings at $1.56 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $2.53 EPS.
Fluor Corporation (NYSE:FLR) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.13. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. COPYRIGHT VIOLATION WARNING: This news story was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.dailypolitical.com/2017/10/14/equities-analysts-set-expectations-for-fluor-corporations-q3-2017-earnings-flr.html.
Several other equities research analysts have also recently commented on FLR. Stephens reissued an “overweight” rating and issued a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research note on Saturday. Johnson Rice cut Fluor Corporation from a “buy” rating to an “accumulate” rating and lowered their target price for the company from $62.00 to $48.00 in a research note on Monday, August 7th. BidaskClub raised Fluor Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Deutsche Bank AG cut Fluor Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Finally, KeyCorp reissued a “buy” rating and issued a $50.00 target price on shares of Fluor Corporation in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.17.
Shares of Fluor Corporation (NYSE:FLR) opened at 42.61 on Friday. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37. The stock has a market capitalization of $5.96 billion, a P/E ratio of 53.20 and a beta of 1.40. The stock’s 50 day moving average price is $40.84 and its 200 day moving average price is $44.69.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.84 annualized dividend and a yield of 1.97%. Fluor Corporation’s dividend payout ratio is presently 106.33%.
A number of hedge funds have recently bought and sold shares of FLR. BlackRock Inc. lifted its holdings in Fluor Corporation by 3,137.9% during the first quarter. BlackRock Inc. now owns 9,025,119 shares of the construction company’s stock worth $474,903,000 after acquiring an additional 8,746,386 shares in the last quarter. CI Global Investments Inc. lifted its holdings in Fluor Corporation by 66.8% during the second quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock worth $216,165,000 after acquiring an additional 1,890,300 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Fluor Corporation by 4,064.5% during the second quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock worth $26,460,000 after acquiring an additional 564,113 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Fluor Corporation by 1,807.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock worth $26,482,000 after acquiring an additional 509,200 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Fluor Corporation by 4.1% during the first quarter. Clearbridge Investments LLC now owns 12,415,798 shares of the construction company’s stock worth $653,319,000 after acquiring an additional 487,187 shares in the last quarter. Hedge funds and other institutional investors own 84.45% of the company’s stock.
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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