Fluor (NYSE:FLR) Releases Earnings Results, Misses Estimates By $0.30 EPS

Fluor (NYSE:FLR - Get Free Report) announced its earnings results on Tuesday. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30), Zacks reports. The business had revenue of $4.26 billion for 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%. Fluor updated its FY 2025 guidance to 2.250-2.750 EPS.

Fluor Price Performance

Shares of FLR traded down $2.10 during trading hours on Friday, reaching $37.73. The company had a trading volume of 4,140,554 shares, compared to its average volume of 3,613,242. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 3.10, a PEG ratio of 1.36 and a beta of 1.89. Fluor has a 12-month low of $35.04 and a 12-month high of $60.10. The firm has a 50 day simple moving average of $48.66 and a 200-day simple moving average of $50.01. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLR. KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Truist Financial dropped their price objective on shares of Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday. Robert W. Baird reduced their target price on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, DA Davidson dropped their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.43.

Insiders Place Their Bets

In other news, insider Thomas P. D'agostino sold 7,681 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the transaction, the insider now directly owns 147,045 shares of the company's stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

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.