Fluor (NYSE:FLR) Posts Earnings Results, Beats Estimates By $0.23 EPS

Fluor (NYSE:FLR - Get Free Report) announced its quarterly earnings results on Friday. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.50 by $0.23, Zacks reports. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Fluor updated its FY 2025 guidance to 2.250-2.75 EPS.

Fluor Stock Up 0.2 %

Shares of FLR stock opened at $35.84 on Friday. The stock's fifty day moving average price is $35.43 and its 200 day moving average price is $45.46. Fluor has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 2.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FLR. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Truist Financial cut their price target on Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. KeyCorp decreased their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Finally, Citigroup cut their target price on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Fluor presently has a consensus rating of "Moderate Buy" and an average price target of $45.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.