Fluor (NYSE:FLR) Updates FY24 Earnings Guidance

Fluor (NYSE:FLR - Get Free Report) updated its FY24 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.55-2.75 for the period, compared to the consensus estimate of $2.88. Fluor also updated its FY 2024 guidance to 2.550-2.750 EPS.

Fluor Price Performance

FLR traded down $8.70 during trading on Friday, reaching $50.23. The stock had a trading volume of 10,077,158 shares, compared to its average volume of 1,640,327. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. The business has a 50-day moving average of $49.79 and a 200-day moving average of $46.32. Fluor has a one year low of $34.17 and a one year high of $60.10. The stock has a market cap of $8.60 billion, a PE ratio of 21.56, a PEG ratio of 2.29 and a beta of 1.90.

Analyst Upgrades and Downgrades

Several research analysts have commented on FLR shares. DA Davidson lifted their price target on shares of Fluor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Robert W. Baird boosted their price target on shares of Fluor from $46.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Truist Financial raised their price objective on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Barclays increased their target price on Fluor from $39.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, July 18th. Finally, UBS Group lifted their price target on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.29.

Insiders Place Their Bets

In other news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of the company's stock in a transaction that occurred on Friday, October 4th. The stock was 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 $2,676,885.27. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 over the last three months. Company 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.