Fluor Co. (NEW) (NYSE:FLR) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Fluor Co. (NEW) to post earnings of $0.63 per share for the quarter.
Shares of Fluor Co. (NYSE FLR) opened at $56.31 on Tuesday. Fluor Co. has a twelve month low of $37.04 and a twelve month high of $62.09. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7,880.00, a price-to-earnings ratio of 39.38, a PEG ratio of 2.62 and a beta of 1.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.49%. Fluor Co. (NEW)’s dividend payout ratio is presently 58.74%.
FLR has been the topic of several research reports. Credit Suisse Group cut their target price on Fluor Co. (NEW) from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Robert W. Baird raised Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and upped their target price for the company from $48.00 to $61.00 in a research report on Wednesday, January 3rd. Barclays upped their target price on Fluor Co. (NEW) from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine downgraded Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Fluor Co. (NEW) currently has a consensus rating of “Hold” and an average price target of $54.62.
In other Fluor Co. (NEW) news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the sale, the insider now directly owns 38,757 shares of the company’s stock, valued at approximately $1,884,752.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce A. Stanski sold 2,792 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $48.48, for a total value of $135,356.16. Following the sale, the chief financial officer now directly owns 40,104 shares in the company, valued at $1,944,241.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,932 shares of company stock worth $2,191,092. 1.30% of the stock is owned by insiders.
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About Fluor Co. (NEW)
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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