Ferrovial (FER) Company Report

Analyst Coverage

Research analysts who have asked questions during Ferrovial earnings calls.

Elodie Rall

JPMorgan Chase & Co.

5 questions for FER

Also covers: AMRZ, CODYY, HOLN

Marcin Wojtal

Bank of America

5 questions for FER

Also covers: BAFBF

Cristian Nedelcu

UBS

4 questions for FER

Also covers: AMKBY, ROYMY

ÁL

Álvaro Lenze

Alantra Equities

3 questions for FER

Also covers: GRFS

Graham Hunt

Jefferies

3 questions for FER

Also covers: ANYYY, BAFBF

Luis Prieto

Kepler Cheuvreux

3 questions for FER

Also covers: AMRZ, HOLN

Barry Cullinane

RBC Capital Markets

2 questions for FER

Dario Maggioni

BNP Paribas

2 questions for FER

Dario Maglione

BNP Paribas

2 questions for FER

José Arroyas

Banco Santander

2 questions for FER

Also covers: ANYYY

Jose Manuel Arroyas

Banco Santander

2 questions for FER

Miguel González

JB Capital

2 questions for FER

Nicolas Mora

Morgan Stanley

2 questions for FER

Nicolò Pessina

Mediobanca

2 questions for FER

Ruairi Cullinane

RBC Capital Markets

2 questions for FER

Also covers: DLAKY

Alvaro Navarro

Bestinver

1 question for FER

Ami Galla

Citigroup Inc.

1 question for FER

Augustin Cendre

Stifel

1 question for FER

Fernando Lafuente

Alantra

1 question for FER

Also covers: RDEIY

Filipe Leite

CaixaBank

1 question for FER

Gregor Kuglitsch

UBS

1 question for FER

Also covers: BAFBF, CODYY, CRH +1 more

Harishankar Ramamoorthy

Deutsche Bank AG

1 question for FER

Jose Manuel Arroyo

Santander

1 question for FER

Jose Manuel Rogers

Santander

1 question for FER

Sathish Sivakumar

Citigroup Inc.

1 question for FER

Also covers: AFLYY, AMKBY, DLAKY +2 more

Latest news

Recent press releases and 8-K filings for FER.

Ferrovial SE Concludes Share Buyback Program

FER

Share Buyback

Ferrovial SE's share buyback program, which commenced on June 2, 2025, concluded on December 12, 2025.
Under the program, the company acquired a total of 4,200,000 treasury shares for a total amount of EUR 206,850,155.05.
These repurchases represent approximately 0.5724% of Ferrovial’s issued share capital.
The final transactions reported were between December 8 and December 12, 2025, involving the purchase of 300,000 shares at a weighted average price of €56.95.

Dec 30, 2025, 3:45 PM

6-K

Ferrovial Joins Nasdaq-100 Index

FER

Delisting/Listing Issues

New Projects/Investments

Ferrovial will be included in the Nasdaq-100 Index® effective prior to market open on Monday, December 22, 2025, marking a significant milestone in its global growth strategy.
This inclusion is expected to enhance visibility with U.S. and global investors, broaden the shareholder base, and reflects market confidence in the company's ability to develop high-value projects.
Ferrovial, a leading global infrastructure company, began trading on the U.S. stock market in May 2024 and is triple-listed on the U.S., Spanish, and Dutch stock markets.
North America is identified as the company's growth engine, representing the majority of its asset value.

Dec 13, 2025, 9:31 AM

Press Release

Ferrovial Terminates Current Share Buyback and Initiates New Program

FER

Share Buyback

New Projects/Investments

Ferrovial has terminated its ongoing share buyback program, which commenced on June 2, 2025, with effect from December 12, 2025.
A new share repurchase program has been implemented, authorized for a maximum investment of EUR 800 million.
Under the new program, Ferrovial can acquire up to 15 million shares, representing approximately 2.04% of its issued share capital.
The new repurchase program is authorized to run from December 15, 2025, up to October 15, 2026, with Goldman Sachs engaged to carry out the purchases.

Dec 12, 2025, 11:57 PM

Press Release

Ferrovial SE terminates existing share repurchase program and implements a new one

FER

Share Buyback

Ferrovial SE has terminated its ongoing share buyback program, effective December 12, 2025, which was announced on March 14, 2025, and commenced on June 2, 2025.
The company has implemented a new share repurchase program with a maximum investment of EUR 800 million.
This new program aims to acquire no more than 15 million Ferrovial shares, representing approximately 2.04% of the company's issued share capital.
The new repurchase program is authorized to run from December 15, 2025, up to October 15, 2026.

Dec 12, 2025, 9:28 PM

6-K

Ferrovial Announces Interim Cash Dividend Details

FER

Dividends

Ferrovial SE announced an interim cash dividend totaling EUR 55,565,000.
The dividend per share in the share capital of Ferrovial amounts to EUR 0.0770.
The dividend record date is 5 December 2025, with the expected payment date from 22 December 2025.

Dec 3, 2025, 4:31 PM

Press Release

Ferrovial SE Determines Terms for Convertible Bonds

FER

Debt Issuance

On November 27, 2025, Ferrovial SE announced the determination of key terms for its EUR 400 million non-dilutive cash settled convertible bonds.
The share reference price was set at €55.1538.
The initial conversion price was determined to be €68.9423, representing a 25% premium over the share reference price.
The initial conversion ratio is 1,450.48831 Ferrovial ordinary shares per Bond of €100,000 in principal amount.
The bonds have a maturity of 5.5 years due May 20, 2031, with settlement and delivery occurring on November 20, 2025.

Nov 28, 2025, 11:33 AM

6-K

Ferrovial SE reports share buyback program transactions

FER

Share Buyback

Ferrovial SE filed a 6-K to report transactions under its share buyback program for the period from October 28, 2025, to November 21, 2025.
During this specific period, the company repurchased a total of 720,000 shares.
Since the program's inception on June 2, 2025, up to and including November 21, 2025, Ferrovial has repurchased a total of 3,750,000 shares for a total amount of €181,551,083.60.

Nov 26, 2025, 5:14 PM

6-K

Ferrovial SE Declares Interim Cash Dividend

FER

Dividends

Ferrovial SE has declared an additional interim cash dividend totaling EUR 55,565,000.
The total cash dividend for the year 2025 is expected to be approximately EUR 157 million.
Shares will trade ex-dividend on December 4, 2025 (European Ex-Dividend Date) and December 5, 2025 (US Ex-Dividend Date), with the dividend record date on December 5, 2025.
Dividend payment is expected to commence from December 22, 2025, and is subject to a 15% Dutch dividend withholding tax.

Nov 25, 2025, 5:34 PM

6-K

Ferrovial SE successfully places EUR 400 million non-dilutive convertible bonds

FER

Debt Issuance

Ferrovial SE announced the successful placement of EUR 400 million non-dilutive cash settled convertible bonds.
The bonds have a maturity of 5.5 years, due May 20, 2031, and will bear interest at a rate of 0.75% per annum.
The initial conversion price will be set at a 25% premium over the share reference price, which will be determined between November 14 and November 27, 2025.
The company will purchase cash settled call options to hedge its economic exposure and has agreed to a 90-day lock-up undertaking on shares and equity-linked securities following the Settlement Date.

Nov 13, 2025, 4:45 PM

6-K

Ferrovial Launches EUR 400 Million Non-Dilutive Convertible Bond Offering

FER

Debt Issuance

Convertible Preferred Issuance

Ferrovial SE announced the launch of an offering of EUR 400 million non-dilutive, cash-settled convertible bonds on November 13, 2025.
The bonds have a maturity of 5.5 years, due May 20, 2031, and will bear interest at a rate between 0.50% and 0.75% per annum, payable semi-annually.
The initial conversion price will be set at a 25% premium over the Share reference price, which will be determined based on the volume-weighted average Share price between November 14 and November 27, 2025.
The net proceeds from the issuance will be used for general corporate purposes and/or for the purchase of cash-settled call options to hedge the company's economic exposure.