Fluor Corporation (NYSE:FLR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Fluor Corporation (NYSE:FLR) has received an average consensus recommendation of "Hold" from analysts, with six holding and four buying ratings amid mixed price targets.
• Despite the consensus of hold, recent ratings have seen price objectives adjusted downwards, with Robert W. Baird reducing theirs from $55.00 to $46.00.
• Fluor's latest earnings report revealed a drop in revenue and earnings per share, with reported figures of $3.98 billion and $0.43 EPS, missing analyst estimates significantly.

Shares of Fluor Corporation (NYSE:FLR - Get Free Report) have received an average recommendation of "Hold" from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $49.4286.

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, August 4th. KeyCorp lowered shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price objective for the company. in a report on Tuesday, July 15th. Wall Street Zen lowered shares of Fluor from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. Truist Financial lowered their price objective on shares of Fluor from $52.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Fluor in a report on Tuesday, October 14th.

Institutional Investors Weigh In On Fluor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings in Fluor by 10.7% during the 1st quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock valued at $6,885,000 after buying an additional 18,603 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Fluor by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock valued at $49,000 after buying an additional 701 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Fluor by 46.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 23,640 shares of the construction company's stock valued at $847,000 after buying an additional 7,540 shares during the last quarter. UMB Bank n.a. raised its holdings in Fluor by 288.9% during the 2nd quarter. UMB Bank n.a. now owns 1,956 shares of the construction company's stock valued at $100,000 after buying an additional 1,453 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Fluor by 48.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,462 shares of the construction company's stock valued at $2,029,000 after buying an additional 12,590 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Up 1.8%

Shares of Fluor stock opened at $48.75 on Wednesday. Fluor has a 1 year low of $29.20 and a 1 year high of $60.10. The firm has a market cap of $7.88 billion, a PE ratio of 2.01 and a beta of 1.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50 day simple moving average of $43.01 and a two-hundred day simple moving average of $43.41.

Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16). The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

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.

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