Zacks: Brokerages Anticipate Fluor Corporation (FLR) Will Announce Quarterly Sales of $4.77 Billion

Equities research analysts expect Fluor Corporation (NYSE:FLR) to post $4.77 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Fluor Corporation’s earnings. The highest sales estimate is $5.02 billion and the lowest is $4.64 billion. Fluor Corporation posted sales of $4.99 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.4%. The company is expected to report its next quarterly earnings results on Friday, February 16th.

According to Zacks, analysts expect that Fluor Corporation will report full-year sales of $4.77 billion for the current financial year, with estimates ranging from $18.79 billion to $19.52 billion. For the next financial year, analysts anticipate that the company will post sales of $18.41 billion per share, with estimates ranging from $17.50 billion to $19.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fluor Corporation.

Fluor Corporation (NYSE:FLR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS.

Several equities analysts have commented on FLR shares. Canaccord Genuity set a $48.00 price target on shares of Fluor Corporation and gave the stock a “buy” rating in a research note on Sunday, August 6th. Seaport Global Securities reiterated a “neutral” rating and set a $44.00 target price (down previously from $50.00) on shares of Fluor Corporation in a research note on Wednesday, October 11th. Deutsche Bank AG downgraded shares of Fluor Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $40.00 in a research note on Friday, August 4th. Stephens restated an “overweight” rating and issued a $50.00 price objective (up previously from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. Finally, Credit Suisse Group decreased their price objective on shares of Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.45.

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Fluor Corporation (FLR) traded down $0.36 during trading hours on Tuesday, hitting $46.68. 1,200,800 shares of the company’s stock traded hands, compared to its average volume of 1,418,586. The firm has a market capitalization of $6,579.73, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 3.28 and a beta of 1.42. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. Fluor Corporation has a fifty-two week low of $37.03 and a fifty-two week high of $58.37.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Monday, December 4th. Fluor Corporation’s dividend payout ratio is currently 58.74%.

Several hedge funds have recently modified their holdings of the company. Huntington National Bank increased its stake in Fluor Corporation by 27.2% during the 2nd quarter. Huntington National Bank now owns 3,468 shares of the construction company’s stock worth $159,000 after buying an additional 741 shares during the period. Smithfield Trust Co. grew its holdings in Fluor Corporation by 393.3% during the 2nd quarter. Smithfield Trust Co. now owns 3,700 shares of the construction company’s stock worth $169,000 after acquiring an additional 2,950 shares in the last quarter. Captrust Financial Advisors acquired a new position in Fluor Corporation during the 2nd quarter worth $169,000. State of Alaska Department of Revenue grew its holdings in Fluor Corporation by 10.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company’s stock worth $186,000 after acquiring an additional 380 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its holdings in shares of Fluor Corporation by 10.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock valued at $207,000 after buying an additional 430 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Fluor Corporation Company Profile

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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Earnings History and Estimates for Fluor Corporation (NYSE:FLR)

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