Ferrovial (NASDAQ:FER) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Ferrovial (NASDAQ:FER) announced its quarterly earnings results on Tuesday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04), reports. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.97 billion.

Ferrovial Stock Performance

Shares of NASDAQ:FER traded up $2.58 on Thursday, hitting $65.12. 2,741,624 shares of the company’s stock were exchanged, compared to its average volume of 1,458,471. Ferrovial has a 1-year low of $50.72 and a 1-year high of $74.79. The company has a current ratio of 1.13, a quick ratio of 1.05 and a debt-to-equity ratio of 1.25. The firm’s 50-day moving average is $66.55 and its 200 day moving average is $67.82.

Ferrovial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5578 per share. The ex-dividend date of this dividend was Tuesday, May 19th.

Analysts Set New Price Targets

Several brokerages recently weighed in on FER. Citigroup downgraded shares of Ferrovial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.30 to $70.00 in a report on Wednesday, May 27th. Zacks Research upgraded Ferrovial to a “hold” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.47.

Hedge Funds Weigh In On Ferrovial

Several hedge funds have recently added to or reduced their stakes in FER. Royal Bank of Canada lifted its position in shares of Ferrovial by 2.0% during the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after buying an additional 246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ferrovial by 880.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,332 shares of the company’s stock valued at $2,204,000 after buying an additional 47,892 shares during the last quarter. Jane Street Group LLC grew its position in shares of Ferrovial by 346.5% in the 1st quarter. Jane Street Group LLC now owns 24,238 shares of the company’s stock valued at $1,080,000 after buying an additional 18,809 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Ferrovial during the 2nd quarter worth $310,000. Finally, Marshall Wace LLP raised its stake in Ferrovial by 481.5% during the 2nd quarter. Marshall Wace LLP now owns 166,778 shares of the company’s stock worth $8,934,000 after acquiring an additional 138,098 shares in the last quarter. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

About Ferrovial

Ferrovial, SA is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.

Within its operating model, Ferrovial’s business spans construction contracting, concession management and services.