DA Davidson Analysts Decrease Earnings Estimates for Fluor

Fluor Co. (NYSE:FLR - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Fluor in a report issued on Wednesday, February 19th. DA Davidson analyst B. Thielman now anticipates that the construction company will earn $2.50 per share for the year, down from their prior forecast of $2.98. DA Davidson has a "Buy" rating and a $55.00 price target on the stock. The consensus estimate for Fluor's current full-year earnings is $2.50 per share.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%.

FLR has been the topic of several other research reports. Truist Financial lowered their price objective on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird dropped their price target on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Baird R W lowered shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.43.

Fluor Stock Performance

Shares of FLR stock traded down $0.40 on Friday, hitting $36.76. The company had a trading volume of 4,121,889 shares, compared to its average volume of 3,264,713. The company has a 50-day moving average price of $48.31 and a 200-day moving average price of $49.98. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm has a market cap of $6.20 billion, a P/E ratio of 3.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. Fluor has a twelve month low of $35.21 and a twelve month high of $60.10.

Insiders Place Their Bets

In other Fluor news, insider Thomas P. D'agostino sold 7,681 shares of Fluor stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now owns 137,974 shares of the company's stock, valued at $7,780,353.86. The trade was a 5.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fluor

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after purchasing an additional 527 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Fluor during the 4th quarter valued at about $57,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Company Profile

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.