Fluor (FLR) Set to Announce Quarterly Earnings on Friday

Fluor (NYSE:FLR) will be announcing its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Fluor has set its FY 2024 guidance at 2.500-3.000 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. Fluor’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 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 Trading Down 1.2 %

NYSE FLR opened at $40.34 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $6.86 billion, a PE ratio of 72.04, a P/E/G ratio of 3.24 and a beta of 2.12. Fluor has a one year low of $25.69 and a one year high of $43.24. The firm’s fifty day moving average is $39.42 and its two-hundred day moving average is $38.32.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research reports. Truist Financial restated a “buy” rating and set a $46.00 target price on shares of Fluor in a research report on Monday, March 25th. TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Citigroup lifted their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, KeyCorp started coverage on shares of Fluor in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.17.

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.