Equities Analysts Issue Forecasts for Fluor Q4 Earnings

Fluor Co. (NYSE:FLR) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Fluor in a research note issued to investors on Tuesday, November 12th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings of $0.79 per share for the quarter. DA Davidson currently has a “Buy” rating and a $65.00 target price 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) last released its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.25). The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS.

Several other research firms have also recently commented on FLR. Truist Financial lifted their price target on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. KeyCorp lifted their price target on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Barclays lifted their price target on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Robert W. Baird increased their target price on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. 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 has an average rating of “Moderate Buy” and a consensus price target of $60.29.

Fluor Trading Up 1.0 %

Fluor stock opened at $50.82 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.72 billion, a PE ratio of 33.88, a P/E/G ratio of 2.32 and a beta of 1.90. The stock has a 50-day moving average price of $49.98 and a 200 day moving average price of $46.65. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10.

Hedge Funds Weigh In On Fluor

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Partners LLC bought a new position in Fluor during the second quarter worth $34,000. GAMMA Investing LLC lifted its stake in Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after purchasing an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Fluor by 6,642.9% during the second 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 last quarter. Ashton Thomas Private Wealth LLC bought a new position in Fluor during the second quarter worth $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor in the second quarter worth $52,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In other Fluor news, 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 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 $2,107,972.40. This represents a 21.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 31,261 shares of company stock valued at $1,528,574. 1.70% of the stock is currently owned by corporate 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.