Fluor Corporation (NYSE:FLR) – Equities research analysts at DA Davidson cut their Q4 2017 earnings per share (EPS) estimates for Fluor Corporation in a research report issued to clients and investors on Friday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.63 for the quarter, down from their previous estimate of $0.64. DA Davidson has a “Neutral” rating and a $48.00 price objective on the stock. DA Davidson also issued estimates for Fluor Corporation’s Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.59 EPS and FY2019 earnings at $2.65 EPS.

FLR has been the topic of several other research reports. Canaccord Genuity restated a “buy” rating and set a $49.00 target price (down previously from $54.00) on shares of Fluor Corporation in a research note on Monday. UBS AG upped their price target on shares of Fluor Corporation from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday. Robert W. Baird upped their price target on shares of Fluor Corporation from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday. Credit Suisse Group reduced their price target on shares of Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday. Finally, BidaskClub lowered shares of Fluor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.83.

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Fluor Corporation (NYSE:FLR) opened at $46.86 on Monday. The stock has a market cap of $6,554.56, a PE ratio of 16.86, a price-to-earnings-growth ratio of 3.66 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 (NYSE:FLR) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the previous year, the business posted $0.03 earnings per share. Fluor Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis.

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 issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, December 4th. Fluor Corporation’s payout ratio is presently 58.74%.

A number of large investors have recently made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in Fluor Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock valued at $605,000 after acquiring an additional 43 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Fluor Corporation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock valued at $475,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Fluor Corporation by 0.7% in the second quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after buying an additional 50 shares in the last quarter. ING Groep NV increased its position in shares of Fluor Corporation by 0.8% in the second quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock valued at $328,000 after buying an additional 55 shares in the last quarter. Finally, Sentry Investment Management LLC increased its position in shares of Fluor Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 7,973 shares of the construction company’s stock valued at $365,000 after buying an additional 83 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

About Fluor Corporation

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.

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

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