What Ferrovial (FER) Said on Its Q3 Earnings Call

Impact · against what's priced in

Ferrovial's results demonstrate strong structural pricing power and operational efficiency, particularly with the 407 ETR asset and a record construction backlog. The addition of a €600 million scrip dividend and major US project wins provides immediate shareholder value and long-term growth visibility.

FER+0.80

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In context

The 407 ETR's ability to grow revenue 18.4% despite a 7.1% traffic drop confirms significant pricing power. This, combined with a record €19 billion order book and a new €600 million scrip dividend, provides strong upside.

Read from the article alone

• dividends▲5%
• earnings▲5%
• infrastructure▲1%
• cash flow
• BDX
• FER
• backlog