Analysts Set Expectations for Fluor Co.’s Q2 2024 Earnings (NYSE:FLR)

Fluor Co. (NYSE:FLR) – DA Davidson issued their Q2 2024 earnings per share estimates for Fluor in a report released on Tuesday, May 7th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings of $0.67 per share for the quarter. The consensus estimate for Fluor’s current full-year earnings is $2.84 per share. DA Davidson also issued estimates for Fluor’s FY2024 earnings at $2.75 EPS.

A number of other equities research analysts also recently weighed in on FLR. Robert W. Baird lifted their price target on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Citigroup increased their target price on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and issued a $47.00 price target (up from $46.00) on shares of Fluor in a research report on Monday. Finally, KeyCorp started coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.00.

Fluor Price Performance

Shares of NYSE:FLR opened at $38.33 on Wednesday. The business’s 50 day moving average is $39.89 and its 200-day moving average is $38.47. The company has a current ratio of 1.67, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $6.52 billion, a PE ratio of 22.28, a PEG ratio of 3.08 and a beta of 2.11. Fluor has a 1-year low of $25.69 and a 1-year high of $43.24.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Fluor during the first quarter valued at $28,000. GAMMA Investing LLC bought a new stake in shares of Fluor in the fourth quarter worth about $27,000. BKM Wealth Management LLC bought a new position in shares of Fluor during the 4th quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in Fluor during the 4th quarter worth approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Fluor in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.