FY2022 EPS Estimates for Fluor Co. (NYSE:FLR) Reduced by Analyst

Fluor Co. (NYSE:FLR – Get Rating) – DA Davidson decreased their FY2022 earnings per share estimates for shares of Fluor in a report released on Tuesday, May 10th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings per share of $1.23 for the year, down from their previous estimate of $1.36. DA Davidson also issued estimates for Fluor’s FY2023 earnings at $1.59 EPS.

A number of other research analysts also recently commented on the stock. Robert W. Baird raised shares of 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 report on Wednesday, February 23rd. Zacks Investment Research downgraded shares of Fluor from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a report on Monday, May 2nd. StockNews.com started coverage on shares of Fluor in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Citigroup boosted their target price on shares of Fluor from $29.00 to $31.00 in a research report on Monday. Six equities research 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 an average price target of $25.83.

Shares of NYSE:FLR opened at $26.06 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.75. Fluor has a 12 month low of $14.41 and a 12 month high of $31.32. The company’s fifty day simple moving average is $27.93 and its 200 day simple moving average is $24.33. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -32.99, a PEG ratio of 0.59 and a beta of 2.76.

Fluor (NYSE:FLR – Get Rating) last announced its quarterly earnings data on Friday, May 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. Fluor had a negative net margin of 1.51% and a positive return on equity of 10.32%. Fluor’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in shares of Fluor in the 1st quarter valued at $47,000. UMB Bank N A MO bought a new position in Fluor during the fourth quarter worth $41,000. Vectors Research Management LLC acquired a new position in Fluor during the fourth quarter worth $50,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Fluor by 113.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,288 shares of the construction company’s stock worth $57,000 after buying an additional 1,215 shares during the last quarter. Finally, SouthState Corp acquired a new position in Fluor during the third quarter worth $88,000. Institutional investors and hedge funds own 90.35% 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.

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