Fluor (FLR) Set to Announce Quarterly Earnings on Friday

Fluor (NYSE:FLR - Get Free Report) is set to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Fluor to post earnings of $0.78 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.17. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 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

FLR traded up $0.61 during trading on Friday, hitting $52.89. The stock had a trading volume of 1,258,883 shares, compared to its average volume of 1,564,835. The company has a 50 day moving average price of $49.18 and a 200-day moving average price of $45.77. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.30 and a beta of 1.91. Fluor has a one year low of $33.50 and a one year high of $55.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FLR shares. UBS Group boosted their price target on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup upgraded Fluor from a "neutral" rating to a "buy" rating and upped their target price for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Barclays boosted their price target on Fluor from $39.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, July 18th. KeyCorp raised Fluor from a "sector weight" rating to an "overweight" rating and set a $57.00 price objective on the stock in a research note on Wednesday, July 17th. Finally, 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.29.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction dated Monday, October 7th. The stock was 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 directly owns 41,908 shares in the company, valued at approximately $2,107,972.40. 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 can be accessed through this link. In other news, CFO Joseph L. Brennan sold 15,335 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was 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 $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares of the company's stock, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is currently 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.