Fluor (FLR) Projected to Post Earnings on Tuesday

Fluor (NYSE:FLR) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Fluor to post earnings of $0.78 per share and revenue of $4.42 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Fluor Price Performance

Shares of FLR opened at $43.38 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a 1 year low of $35.04 and a 1 year high of $60.10. The stock has a market cap of $7.44 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 3.45 and a beta of 1.89. The stock’s 50-day moving average price is $50.18 and its two-hundred day moving average price is $50.29.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FLR. UBS Group raised 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. Robert W. Baird restated a “neutral” rating and set a $58.00 target price (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Citigroup reduced their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. KeyCorp raised their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, DA Davidson lifted their price objective on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus target price of $59.29.

Insider Activity at Fluor

In related news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the sale, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

About Fluor

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.