Equities Analysts Offer Predictions for Fluor Q4 Earnings

Fluor Co. (NYSE:FLR - Free Report) - Investment analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Fluor in a research note issued on Tuesday, November 12th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings per share of $0.79 for the quarter. DA Davidson has a "Buy" rating and a $65.00 price objective on the stock. The consensus estimate for Fluor's current full-year earnings is $2.61 per share. DA Davidson also issued estimates for Fluor's FY2025 earnings at $2.98 EPS.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS.

FLR has been the subject of several other reports. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Barclays increased their target price on 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 increased their target price on Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a 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 report on Thursday, November 7th. Finally, Truist Financial lifted their price target on Fluor from $61.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.29.

Fluor Stock Up 3.9 %

Fluor stock traded up $1.87 during trading hours on Wednesday, reaching $50.37. The stock had a trading volume of 3,491,194 shares, compared to its average volume of 1,675,915. The business's 50 day moving average price is $49.82 and its 200-day moving average price is $46.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.32 and a beta of 1.90.

Institutional Investors Weigh In On Fluor

Institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Fluor in the 2nd quarter valued at about $34,000. GAMMA Investing LLC raised its position in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock worth $41,000 after purchasing an additional 930 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fluor in the second quarter valued at about $51,000. Finally, Quest Partners LLC acquired a new stake in shares of Fluor during the second quarter worth about $52,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Joseph L. Brennan sold 15,335 shares of the company's 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 sale, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of the business'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 of the company's stock, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,261 shares of company stock valued at $1,528,574. Corporate 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.