Fluor (FLR) Scheduled to Post Earnings on Friday

Fluor (NYSE:FLR) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Fluor to post earnings of $0.78 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts expect Fluor to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fluor Stock Performance

Shares of Fluor stock opened at $52.26 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $49.18 and its two-hundred day moving average is $45.77. Fluor has a 52 week low of $32.31 and a 52 week high of $55.86. The company has a market capitalization of $8.95 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.32 and a beta of 1.91.

Insider Buying and Selling

In other news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the sale, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 in the last three months. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial lifted their price target on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, DA Davidson increased their target price on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Fluor has an average rating of “Moderate Buy” and an average price target of $58.29.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.