Ferrovial (NASDAQ:FER) Releases Earnings Results

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

Ferrovial Trading Up 4.1%

Shares of NASDAQ FER traded up $2.58 during mid-day trading on Thursday, reaching $65.12. 2,741,624 shares of the company’s stock were exchanged, compared to its average volume of 1,458,471. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.13. Ferrovial has a 52-week low of $50.72 and a 52-week high of $74.79. The company’s 50-day moving average is $66.55 and its 200-day moving average is $67.82.

Ferrovial Dividend Announcement

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

Institutional Trading of Ferrovial

Institutional investors and hedge funds have recently bought and sold shares of the stock. MML Investors Services LLC boosted its stake in Ferrovial by 3.4% during the fourth 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 period. Hancock Whitney Corp increased its position in shares of Ferrovial by 1.6% during 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 shares of Ferrovial by 2.0% in the 1st quarter. Royal Bank of Canada now owns 12,560 shares of the company’s stock valued at $564,000 after acquiring an additional 246 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of Ferrovial by 0.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 28,516 shares of the company’s stock valued at $1,853,000 after acquiring an additional 246 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Ferrovial by 240.2% in the 3rd 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. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.