Fluor (NYSE:FLR) Issues Earnings Results

Fluor (NYSE:FLR) posted its earnings results on Friday. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07), Briefing.com reports. Fluor had a return on equity of 24.98% and a net margin of 1.97%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. Fluor updated its FY24 guidance to $2.50-3.00 EPS and its FY 2024 guidance to 2.500-3.000 EPS.

Fluor Trading Down 5.7 %

Shares of FLR stock opened at $38.90 on Monday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 3.08 and a beta of 2.11. Fluor has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.67. The company has a 50 day moving average price of $39.73 and a 200 day moving average price of $38.40.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. KeyCorp began coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Truist Financial restated a “buy” rating and issued a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. Finally, Citigroup lifted their target price on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Fluor has an average 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.