Wall Street brokerages expect Fluor Co. (NEW) (NYSE:FLR) to report earnings of $0.54 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Fluor Co. (NEW)’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.49. Fluor Co. (NEW) reported earnings of $0.56 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.6%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Fluor Co. (NEW) will report full year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $3.00. For the next year, analysts forecast that the company will post earnings of $3.50 per share, with EPS estimates ranging from $3.35 to $3.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Fluor Co. (NEW).

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Thursday, February 21st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.16. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fluor Co. (NEW) had a net margin of 1.17% and a return on equity of 11.98%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share.

FLR has been the topic of several research reports. MKM Partners set a $39.00 price objective on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday, April 5th. Goldman Sachs Group lowered shares of Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and cut their price target for the stock from $59.00 to $44.00 in a report on Wednesday, December 12th. Zacks Investment Research raised shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine lowered shares of Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 5th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 price target on shares of Fluor Co. (NEW) in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.69.

In other news, insider Ray F. Barnard sold 7,515 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.57, for a total transaction of $282,338.55. Following the completion of the sale, the insider now owns 86,572 shares of the company’s stock, valued at $3,252,510.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jose Luis M. Bustamante sold 2,737 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $37.06, for a total transaction of $101,433.22. Following the sale, the executive vice president now directly owns 73,409 shares of the company’s stock, valued at approximately $2,720,537.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,570 shares of company stock valued at $506,670. Insiders own 1.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Semmax Financial Advisors Inc. acquired a new position in shares of Fluor Co. (NEW) in the 4th quarter worth approximately $33,000. Synovus Financial Corp lifted its position in Fluor Co. (NEW) by 542.5% during the fourth quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock valued at $37,000 after buying an additional 971 shares in the last quarter. CSat Investment Advisory L.P. lifted its position in shares of Fluor Co. (NEW) by 248.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,633 shares of the construction company’s stock worth $53,000 after purchasing an additional 1,165 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Fluor Co. (NEW) during the fourth quarter worth $64,000. Finally, Fort L.P. acquired a new position in shares of Fluor Co. (NEW) during the fourth quarter worth $64,000. Institutional investors own 88.13% of the company’s stock.

FLR stock traded up $0.62 during trading on Wednesday, hitting $39.83. 59,596 shares of the company’s stock traded hands, compared to its average volume of 1,732,125. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.87 and a beta of 1.76. The company has a quick ratio of 1.10, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. Fluor Co. has a 1 year low of $29.78 and a 1 year high of $62.08.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 4th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. Fluor Co. (NEW)’s dividend payout ratio is presently 39.07%.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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Earnings History and Estimates for Fluor Co. (NEW) (NYSE:FLR)

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