Fluor (FLR) Scheduled to Post Earnings on Friday

Fluor (NYSE:FLR) is scheduled to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Fluor has set its FY 2024 guidance at 2.500-3.000 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts expect Fluor to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fluor Stock Performance

FLR opened at $40.64 on Friday. The company has a market cap of $6.92 billion, a PE ratio of 72.57, a price-to-earnings-growth ratio of 3.20 and a beta of 2.12. The stock has a 50-day moving average of $39.47 and a 200-day moving average of $38.25. Fluor has a 52-week low of $25.69 and a 52-week high of $43.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60.

Analyst Ratings Changes

FLR has been the subject of several recent analyst reports. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Citigroup increased their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday. KeyCorp initiated coverage on Fluor in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Truist Financial restated a “buy” rating and set a $46.00 target price on shares of Fluor in a research note on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.17.

About Fluor

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment 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.