Fluor (FLR) Set to Announce Earnings on Friday

Fluor (NYSE:FLRGet Rating) is set to issue its quarterly earnings data before the market opens on Friday, August 5th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Fluor has set its FY22 guidance at $1.15-1.40 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Fluor (NYSE:FLRGet Rating) last released its quarterly earnings results on Friday, May 6th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Fluor had a positive return on equity of 10.59% and a negative net margin of 0.63%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned $0.07 earnings per share. Fluor’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts expect Fluor to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fluor Price Performance

Fluor stock opened at $25.56 on Friday. Fluor has a 12-month low of $14.41 and a 12-month high of $31.32. The stock has a market capitalization of $3.63 billion, a P/E ratio of -32.35, a P/E/G ratio of 0.52 and a beta of 2.68. The firm’s 50-day moving average is $25.46 and its two-hundred day moving average is $25.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.43 and a quick ratio of 1.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FLR shares. Citigroup decreased their price target on shares of Fluor from $31.00 to $27.00 in a research note on Friday, July 22nd. StockNews.com began coverage on shares of Fluor in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Credit Suisse Group set a $26.00 target price on shares of Fluor in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of “Hold” and a consensus target price of $25.60.

Insider Buying and Selling

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

Institutional Trading of Fluor

A number of hedge funds have recently made changes to their positions in FLR. Raymond James Financial Services Advisors Inc. raised its stake in shares of Fluor by 202.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 58,220 shares of the construction company’s stock valued at $1,670,000 after purchasing an additional 38,945 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fluor by 4.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock valued at $268,000 after purchasing an additional 414 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Fluor by 12.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,178 shares of the construction company’s stock valued at $1,841,000 after purchasing an additional 7,274 shares during the period. BlackRock Inc. raised its stake in shares of Fluor by 3.5% during the first quarter. BlackRock Inc. now owns 16,937,750 shares of the construction company’s stock valued at $485,943,000 after purchasing an additional 571,316 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Fluor by 10.1% during the first quarter. Great West Life Assurance Co. Can now owns 88,356 shares of the construction company’s stock valued at $2,616,000 after purchasing an additional 8,088 shares during the period. Hedge funds and other institutional investors 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.

See Also

Earnings History for Fluor (NYSE:FLR)

Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.