Fluor (NYSE:FLR) Issues FY 2022 Earnings Guidance

Fluor (NYSE:FLRGet 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.

Fluor (NYSE:FLRGet Rating) last posted its earnings results on Friday, May 6th. The construction company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). Fluor had a positive return on equity of 10.32% and a negative net margin of 1.51%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. On average, equities analysts anticipate that Fluor will post 1.34 EPS for the current year.

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.

Further Reading

Earnings History and Estimates for Fluor (NYSE:FLR)

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