Research Analysts Issue Forecasts for Fluor FY2025 Earnings

Fluor Co. (NYSE:FLR) – Investment analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Fluor in a report issued on Wednesday, February 19th. DA Davidson analyst B. Thielman now forecasts that the construction company will earn $2.50 per share for the year, down from their prior estimate of $2.98. DA Davidson has a “Buy” rating and a $55.00 price objective on the stock. The consensus estimate for Fluor’s current full-year earnings is $2.50 per share.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%.

Other analysts also recently issued reports about the stock. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Citigroup dropped their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird decreased their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Truist Financial decreased their price target on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and an average target price of $55.43.

Fluor Stock Performance

Shares of NYSE:FLR opened at $37.73 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 3.10, a P/E/G ratio of 3.23 and a beta of 1.89. The firm’s 50 day simple moving average is $48.66 and its 200 day simple moving average is $50.01. Fluor has a fifty-two week low of $35.04 and a fifty-two week high of $60.10.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently modified their holdings of FLR. Neo Ivy Capital Management raised its position in Fluor by 45.2% in the 4th quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock valued at $3,252,000 after buying an additional 20,541 shares during the last quarter. State of Wyoming boosted its position in shares of Fluor by 165.6% during the 4th quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock valued at $250,000 after acquiring an additional 3,160 shares during the last quarter. Tema Etfs LLC bought a new stake in shares of Fluor during the 4th quarter valued at about $5,317,000. Point72 Hong Kong Ltd lifted its position in Fluor by 15.6% in the 4th quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock worth $2,133,000 after buying an additional 5,849 shares during the last quarter. Finally, Potrero Capital Research LLC purchased a new position in Fluor in the 4th quarter worth approximately $14,115,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

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.