Fluor Co. (NEW) (FLR) Updates FY 2018 Earnings Guidance

Fluor Co. (NEW) (NYSE:FLR) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04.

A number of brokerages have recently weighed in on FLR. Zacks Investment Research lowered shares of Fluor Co. (NEW) from a buy rating to a hold rating in a report on Tuesday, July 10th. MKM Partners restated a hold rating and issued a $56.00 price objective on shares of Fluor Co. (NEW) in a report on Thursday, October 11th. TheStreet upgraded shares of Fluor Co. (NEW) from a c rating to a b- rating in a report on Thursday, August 2nd. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a hold rating to a buy rating in a report on Friday, August 17th. Finally, ValuEngine upgraded shares of Fluor Co. (NEW) from a hold rating to a buy rating in a report on Friday, August 3rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $59.00.

Shares of NYSE FLR traded up $0.97 during mid-day trading on Thursday, hitting $44.83. The stock had a trading volume of 1,913,200 shares, compared to its average volume of 1,476,213. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Fluor Co. has a 1 year low of $42.22 and a 1 year high of $62.09. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.59 and a beta of 1.46.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, August 2nd. The construction company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.70 by $0.11. Fluor Co. (NEW) had a net margin of 1.28% and a return on equity of 11.63%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Fluor Co. will post 2.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 4th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. Fluor Co. (NEW)’s payout ratio is 51.53%.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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

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