Fluor (FLR) Set to Announce Quarterly Earnings on Friday

Fluor (NYSE:FLR) will be issuing its quarterly earnings data 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.Parties interested in listening to 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business 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 Stock Performance

Shares of FLR opened at $40.34 on Wednesday. The company’s fifty day moving average price is $39.42 and its 200 day moving average price is $38.32. Fluor has a one year low of $25.69 and a one year high of $43.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $6.86 billion, a PE ratio of 72.04, a price-to-earnings-growth ratio of 3.24 and a beta of 2.12.

Analyst Ratings Changes

FLR has been the topic of several research analyst reports. Truist Financial reissued a “buy” rating and set a $46.00 price target on shares of Fluor in a research note on Monday, March 25th. Citigroup raised their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. KeyCorp began coverage on shares of Fluor in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently 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.