Fluor (NYSE:FLR) Updates FY 2024 Earnings Guidance

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

Fluor Stock Performance

Shares of FLR traded down $8.01 during mid-day trading on Friday, hitting $50.92. The company's stock had a trading volume of 12,420,681 shares, compared to its average volume of 1,651,582. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. Fluor has a one year low of $34.17 and a one year high of $60.10. The stock's 50-day moving average is $49.79 and its two-hundred day moving average is $46.32. The firm has a market capitalization of $8.72 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.90.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FLR. Barclays upped their price objective on shares of Fluor from $39.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, July 18th. Robert W. Baird boosted their price objective on Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. DA Davidson raised their target price on Fluor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. KeyCorp increased their price objective on shares of Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Truist Financial lifted their target price 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.29.

Insider Transactions at Fluor

In other news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the firm's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph L. Brennan sold 11,619 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,261 shares of company stock valued at $2,156,604. 1.70% of the stock is owned by insiders.

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.