Fluor Corporation is an engineering and construction company set to benefit from an increase in infrastructure spending once Congress and the President can come to a successful conclusion on how to fund repairs for our roads, bridges and tunnels. The stock closed Friday at $57.63, up 11.6% year to date after falling into correction territory at its 2018 low of $53.22 on Feb. 9. Fluor shares are up 8.3% since then. The stock peaked on Jan. 24, setting its all-time intraday high of $62.09. Fluor closed Friday at 7.2% below this high.
Analysts expect Fluor to deliver earnings per share of 63 cents when it reports results after the closing bell on Tuesday, Feb. 20. Some analysts say that Fluor’s diverse business mix will help the company navigate the market’s engineering and construction needs given the ups and downs of economic conditions. Obviously, a robust infrastructure spending environment should extend the current positive landscape for the company. (See also: 9 Stocks That May Outperform in 2018.)
Engineering and construction company Flour reports on Tuesday with an extended P/E ratio of 40.30 and a paltry dividend yield of 1.46%. …read more
Read more here: Fluor Engineers Earnings on Infrastructure Spend