DA Davidson Has Positive Estimate for Fluor FY2025 Earnings

Fluor Co. (NYSE:FLR - Free Report) - Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Fluor in a report released on Tuesday, May 6th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $2.66 per share for the year, up from their prior estimate of $2.50. DA Davidson has a "Buy" rating and a $55.00 price objective on the stock. The consensus estimate for Fluor's current full-year earnings is $2.50 per share.

Several other brokerages have also recently issued reports on FLR. KeyCorp cut their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. UBS Group cut their price objective on shares of Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday. Truist Financial boosted their price objective on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday. Robert W. Baird set a $41.00 price objective on shares of Fluor in a report on Monday. Finally, StockNews.com cut shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Fluor presently has an average rating of "Moderate Buy" and an average price target of $45.43.

Fluor Trading Down 0.7 %

Shares of FLR opened at $34.85 on Thursday. The company has a market capitalization of $5.86 billion, a P/E ratio of 2.86, a P/E/G ratio of 1.36 and a beta of 1.24. The stock has a 50-day moving average price of $35.26 and a 200 day moving average price of $45.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor has a one year low of $29.20 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $0.47 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis.

Institutional Investors Weigh In On Fluor

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Fluor by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock worth $112,000 after buying an additional 213 shares during the period. Nisa Investment Advisors LLC raised its stake in Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock valued at $533,000 after purchasing an additional 241 shares during the last quarter. CIBC Asset Management Inc grew its position in Fluor by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after purchasing an additional 264 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares during the last quarter. Finally, Highland Capital Management LLC lifted its stake in shares of Fluor by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company's stock valued at $229,000 after buying an additional 288 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.

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