Headlines about Fluor Corporation (NYSE:FLR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fluor Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.1582744579188 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Fluor Corporation (FLR) traded up 0.70% on Thursday, hitting $40.42. The stock had a trading volume of 855,928 shares. Fluor Corporation has a 52-week low of $37.04 and a 52-week high of $58.37. The company has a market cap of $5.65 billion, a P/E ratio of 50.46 and a beta of 1.41. The firm’s 50-day moving average is $39.62 and its 200-day moving average is $46.57.
Fluor Corporation (NYSE:FLR) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. Equities research analysts anticipate that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 31st. Fluor Corporation’s payout ratio is currently 106.33%.
A number of equities research analysts have weighed in on FLR shares. DA Davidson raised Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, June 1st. Zacks Investment Research lowered Fluor Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, June 12th. BidaskClub raised Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Deutsche Bank AG lowered Fluor Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $40.00 in a research report on Friday, August 4th. Finally, Canaccord Genuity set a $48.00 target price on Fluor Corporation and gave the company a “buy” rating in a research report on Sunday, August 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $49.18.
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Fluor Corporation Company Profile
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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