Fluor (NYSE:FLR – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.15-$1.40 for the period, compared to the consensus EPS estimate of $1.19. The company issued revenue guidance of -.
FLR has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Fluor from a buy rating to a hold rating and set a $26.00 price objective on the stock. in a research note on Monday, May 2nd. StockNews.com started coverage on shares of Fluor in a research note on Thursday, March 31st. They set a hold rating on the stock. Robert W. Baird raised shares of Fluor from a neutral rating to an outperform rating and decreased their target price for the stock from $30.00 to $29.00 in a research note on Wednesday, February 23rd. Finally, Citigroup lifted their price target on shares of Fluor from $29.00 to $31.00 in a report on Monday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $25.83.
FLR stock traded down $0.73 during midday trading on Monday, hitting $25.94. The stock had a trading volume of 17,461 shares, compared to its average volume of 1,760,219. The firm has a market cap of $3.66 billion, a P/E ratio of -33.76, a price-to-earnings-growth ratio of 0.59 and a beta of 2.76. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. Fluor has a 1-year low of $14.41 and a 1-year high of $31.32. The business has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $24.26.
Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Fluor by 0.5% during the 4th quarter. Amalgamated Bank now owns 94,135 shares of the construction company’s stock valued at $2,332,000 after buying an additional 483 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Fluor by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 117,879 shares of the construction company’s stock worth $2,920,000 after buying an additional 593 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Fluor by 2.4% in the 4th quarter. Stifel Financial Corp now owns 74,837 shares of the construction company’s stock worth $1,853,000 after buying an additional 1,752 shares during the last quarter. Allstate Corp increased its holdings in shares of Fluor by 8.2% in the 4th quarter. Allstate Corp now owns 35,716 shares of the construction company’s stock worth $885,000 after buying an additional 2,693 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Fluor by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 200,653 shares of the construction company’s stock worth $4,970,000 after buying an additional 3,892 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.
About Fluor (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.
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