Fluor (FLR) Scheduled to Post Earnings on Friday

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

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

Fluor Trading Up 0.8 %

Shares of FLR stock opened at $40.64 on Friday. The company’s 50-day moving average price is $39.47 and its 200-day moving average price is $38.25. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 72.57, a PEG ratio of 3.20 and a beta of 2.12. Fluor has a twelve month low of $25.69 and a twelve month high of $43.24.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FLR shares. Citigroup upped their target price on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday. KeyCorp started coverage on shares of Fluor in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Truist Financial reaffirmed a “buy” rating and issued a $46.00 target price on shares of Fluor in a research report on Monday, March 25th. Finally, TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.