Fluor Co. (NEW) Plans Quarterly Dividend of $0.10 (NYSE:FLR)

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Fluor Co. (NEW) (NYSE:FLR) declared a quarterly dividend on Wednesday, October 30th, RTT News reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.10 per share by the construction company on Friday, January 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%.

Fluor Co. (NEW) stock traded down $0.29 during mid-day trading on Wednesday, reaching $19.37. 2,485,794 shares of the company were exchanged, compared to its average volume of 2,351,512. The company has a fifty day simple moving average of $19.40 and a 200-day simple moving average of $26.55. Fluor Co. has a 12 month low of $16.25 and a 12 month high of $49.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a market cap of $2.78 billion, a PE ratio of 9.01 and a beta of 2.19.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.19). Fluor Co. (NEW) had a negative net margin of 2.74% and a positive return on equity of 7.09%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. Sell-side analysts anticipate that Fluor Co. will post 0.74 earnings per share for the current year.

Several equities analysts have recently issued reports on the company. TheStreet lowered Fluor Co. (NEW) from a “c” rating to a “d+” rating in a research note on Friday, August 2nd. Credit Suisse Group decreased their price target on Fluor Co. (NEW) from $31.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. ValuEngine upgraded Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America set a $17.00 price target on Fluor Co. (NEW) and gave the company a “sell” rating in a research note on Tuesday, September 24th. Finally, Citigroup decreased their price target on Fluor Co. (NEW) from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Fluor Co. (NEW) presently has a consensus rating of “Hold” and an average price target of $33.82.

Fluor Co. (NEW) Company Profile

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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Dividend History for Fluor Co. (NEW) (NYSE:FLR)

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