Fluor (NYSE:FLR) Updates FY 2024 Earnings Guidance

Fluor (NYSE:FLR) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.550-2.750 for the period, compared to the consensus EPS estimate of 2.890. The company issued revenue guidance of -. Fluor also updated its FY24 guidance to $2.55-2.75 EPS.

Fluor Price Performance

FLR opened at $50.93 on Friday. Fluor has a 12-month low of $34.17 and a 12-month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $8.72 billion, a P/E ratio of 21.76, a PEG ratio of 2.54 and a beta of 1.90. The stock has a fifty day moving average of $49.80 and a 200-day moving average of $46.44.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.27). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. Equities analysts forecast that Fluor will post 2.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FLR shares. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. KeyCorp boosted their target price on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group upped their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Truist Financial raised their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average target price of $59.29.

Insider Buying and Selling at Fluor

In other news, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the transaction, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at $2,751,163.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,261 shares of company stock worth $2,156,604 over the last 90 days. Insiders own 1.70% 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.