Fluor (FLR) Set to Announce Earnings on Friday

Fluor (NYSE:FLRGet Rating) will be posting its quarterly earnings results before the market opens on Friday, May 6th. Analysts expect Fluor to post earnings of $0.20 per share for the quarter. Fluor has set its FY 2022 guidance at $1.150-$1.400 EPS and its FY22 guidance at $1.15-1.40 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Fluor (NYSE:FLRGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The construction company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.30 billion. Fluor had a positive return on equity of 10.32% and a negative net margin of 1.51%. Fluor’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted ($0.82) earnings per share. On average, analysts expect Fluor to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Fluor stock opened at $25.66 on Friday. The business’s fifty day simple moving average is $27.21 and its 200 day simple moving average is $23.82. The firm has a market capitalization of $3.62 billion, a P/E ratio of -17.11, a price-to-earnings-growth ratio of 0.62 and a beta of 2.86. Fluor has a 12 month low of $14.41 and a 12 month high of $31.32. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75.

Several brokerages have issued reports on FLR. StockNews.com began coverage on Fluor in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird upgraded Fluor from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from $30.00 to $29.00 in a research note on Wednesday, February 23rd. Finally, Zacks Investment Research upgraded Fluor from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 15th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Fluor presently has a consensus rating of “Hold” and an average target price of $23.67.

Several institutional investors and hedge funds have recently bought and sold shares of FLR. BlackRock Inc. boosted its holdings in shares of Fluor by 2.0% in the 4th quarter. BlackRock Inc. now owns 16,366,434 shares of the construction company’s stock worth $405,396,000 after purchasing an additional 325,158 shares in the last quarter. Oliver Luxxe Assets LLC purchased a new stake in Fluor during the 4th quarter valued at about $366,000. Allianz Asset Management GmbH boosted its holdings in Fluor by 1.5% during the 4th quarter. Allianz Asset Management GmbH now owns 2,032,234 shares of the construction company’s stock valued at $50,338,000 after acquiring an additional 30,934 shares during the period. Deutsche Bank AG grew its position in shares of Fluor by 42.6% in the 4th quarter. Deutsche Bank AG now owns 269,601 shares of the construction company’s stock worth $6,678,000 after buying an additional 80,566 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Fluor by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 200,653 shares of the construction company’s stock valued at $4,970,000 after acquiring an additional 3,892 shares in the last quarter. Hedge funds and other institutional investors own 90.99% of the company’s stock.

Fluor Company Profile (Get Rating)

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.

Further Reading

Earnings History for Fluor (NYSE:FLR)

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