Fluor Corporation (NEW) (FLR) was Initiated by MKM Partners to “Neutral”. MKM Partners advised their investors in a research report released on Jun 29, 2016.
On the company’s financial health, Fluor Corporation (NEW) reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.84. The company had revenue of $4423.90 million for the quarter, compared to analysts expectations of $4452.86 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.96 EPS.
Fluor Corporation (NEW) closed down -2.64 points or -5.41% at $46.14 with 26,19,655 shares getting traded on Monday. Post opening the session at $47.9, the shares hit an intraday low of $45.8 and an intraday high of $48.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 26, 2015, Deborah D Mcwhinney (director) purchased 2,352 shares at $42.50 per share price. According to the SEC, on Mar 11, 2015, Gary G. Smalley (Sr Vice Pres and Controller) sold 3,883 shares at $57.27 per share price.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering procurement construction fabrication and modularization commissioning and maintenance as well as project management services. It operates in five segments: Oil & Gas Industrial & Infrastructure Government Global Services and Power. Through its Oil & Gas segment Fluor serves the oil and gas production processing and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design engineering procurement construction operations and maintenance and project management services. The Government segment is a provider of engineering construction logistics and environmental and nuclear services among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment it provides a range of services to the gas-fueled and solid-fueled markets among others.