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

Ferrovial (NASDAQ:FER) issued its quarterly earnings results on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04), reports. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.97 billion.

Ferrovial Trading Up 4.1%

FER traded up $2.58 during trading on Thursday, hitting $65.12. 2,741,624 shares of the stock traded hands, compared to its average volume of 1,458,471. The business has a 50 day moving average price of $66.48 and a 200 day moving average price of $67.81. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.25. Ferrovial has a twelve month low of $50.72 and a twelve month high of $74.79.

Ferrovial Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zacks Research upgraded Ferrovial to a “hold” rating in a research note on Tuesday, May 19th. Citigroup downgraded Ferrovial from a “buy” rating to a “neutral” rating and cut their target price for the company from $75.30 to $70.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings lowered Ferrovial from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.47.

Hedge Funds Weigh In On Ferrovial

Several hedge funds and other institutional investors have recently modified their holdings of FER. MML Investors Services LLC lifted its position in shares of Ferrovial by 3.4% during the 4th quarter. MML Investors Services LLC now owns 6,887 shares of the company’s stock worth $445,000 after buying an additional 226 shares during the last quarter. Hancock Whitney Corp grew its position in Ferrovial by 1.6% in the third quarter. Hancock Whitney Corp now owns 14,394 shares of the company’s stock valued at $843,000 after acquiring an additional 230 shares during the last quarter. Royal Bank of Canada raised its stake in Ferrovial by 2.0% during the first quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock worth $564,000 after acquiring an additional 246 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Ferrovial by 0.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 28,516 shares of the company’s stock worth $1,853,000 after acquiring an additional 246 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Ferrovial by 240.2% in the third quarter. Larson Financial Group LLC now owns 973 shares of the company’s stock worth $57,000 after acquiring an additional 687 shares during the last quarter. Institutional investors own 22.28% of the company’s stock.

Ferrovial Company Profile

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.