DA Davidson Forecasts Fluor’s Q4 Earnings (NYSE:FLR)

Fluor Co. (NYSE:FLR) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Fluor in a research report issued to clients and investors on Tuesday, November 12th. DA Davidson analyst B. Thielman anticipates that the construction company will earn $0.79 per share for the quarter. DA Davidson currently has a “Buy” rating and a $65.00 target price on the stock. The consensus estimate for Fluor’s current full-year earnings is $2.61 per share. DA Davidson also issued estimates for Fluor’s FY2025 earnings at $2.98 EPS.

A number of other equities analysts have also recently commented on FLR. UBS Group lifted their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Truist Financial boosted their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays raised their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. KeyCorp increased their price objective on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.29.

Fluor Trading Up 3.9 %

FLR opened at $50.37 on Wednesday. Fluor has a 12 month low of $35.04 and a 12 month high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $49.89 and a 200 day moving average of $46.63. The firm has a market cap of $8.64 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.32 and a beta of 1.90.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hood River Capital Management LLC purchased a new stake in Fluor during the second quarter valued at approximately $47,559,000. Westfield Capital Management Co. LP purchased a new stake in shares of Fluor during the 3rd quarter valued at $39,289,000. Rubric Capital Management LP boosted its position in shares of Fluor by 23.6% in the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock worth $139,992,000 after purchasing an additional 614,521 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after buying an additional 457,220 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Fluor by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after buying an additional 323,111 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at $2,751,163.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph L. Brennan sold 11,619 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at $2,107,972.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,261 shares of company stock valued at $1,528,574. 1.70% of the stock is currently owned by company insiders.

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.