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 research analyst reports. StockNews.com started coverage on Fluor in a research report on Thursday, March 31st. They set a hold rating on the stock. Robert W. Baird upgraded Fluor from a neutral rating to an outperform rating and lowered their target price for the company from $30.00 to $29.00 in a research note on Wednesday, February 23rd. Citigroup boosted their target price on shares of Fluor from $29.00 to $31.00 in a research note on Monday, May 9th. Credit Suisse Group lifted their target price on Fluor to $29.00 and gave the company a neutral rating in a research note on Friday. Finally, Zacks Investment Research raised Fluor from a strong sell rating to a hold rating and set a $29.00 price target on the stock in a research note on Tuesday, May 17th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $27.33.

Shares of Fluor stock opened at $26.04 on Monday. Fluor has a 12 month low of $14.41 and a 12 month high of $31.32. The business has a fifty day simple moving average of $27.79 and a 200 day simple moving average of $24.74. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.70 billion, a PE ratio of -32.96, a price-to-earnings-growth ratio of 0.56 and a beta of 2.76.

Fluor (NYSE:FLRGet Rating) last announced its quarterly earnings results on Friday, May 6th. The construction company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The company 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 0.63% and a positive return on equity of 10.72%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Analysts expect that Fluor will post 1.29 EPS for the current fiscal year.

In other Fluor news, Director James T. Hackett bought 30,000 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average cost of $25.46 per share, with a total value of $763,800.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $254,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew K. Rose purchased 40,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was bought at an average cost of $25.63 per share, for a total transaction of $1,025,200.00. Following the purchase, the director now owns 80,764 shares of the company’s stock, valued at approximately $2,069,981.32. The disclosure for this purchase can be found here. 1.01% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of FLR. Point72 Hong Kong Ltd boosted its holdings in Fluor by 596.3% during the first quarter. Point72 Hong Kong Ltd now owns 6,698 shares of the construction company’s stock worth $192,000 after purchasing an additional 5,736 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Fluor by 4.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock worth $268,000 after buying an additional 414 shares during the last quarter. Laurel Wealth Advisors Inc. increased its position in shares of Fluor by 5.1% in the first quarter. Laurel Wealth Advisors Inc. now owns 9,347 shares of the construction company’s stock valued at $268,000 after acquiring an additional 457 shares during the last quarter. Virtu Financial LLC bought a new stake in Fluor during the first quarter worth about $278,000. Finally, River & Mercantile Asset Management LLP acquired a new position in Fluor during the first quarter valued at approximately $308,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

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.

See Also

Earnings History and Estimates for Fluor (NYSE:FLR)

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