Fluor (NYSE:FLR) Announces Quarterly Earnings Results

Key Points

• Fluor reported **$0.43 earnings per share (EPS)** for the quarter, falling short of the **$0.59 consensus estimate** and showing a revenue drop of **5.9% year-over-year** to **$3.98 billion**.
• The company's stock price **dropped 28.3%**, closing at **$40.72**, with a significantly higher trading volume than its average.
• Fluor updated its **FY 2025 guidance** to an EPS forecast of **$1.950-2.15**, reflecting adjustments in expected financial performance.

Fluor (NYSE:FLR - Get Free Report) released its earnings results on Friday. The construction company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16), Zacks reports. The company had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Fluor updated its FY 2025 guidance to 1.950-2.15 EPS.

Fluor Stock Up 3.0%

Shares of FLR traded up $1.20 during midday trading on Tuesday, reaching $41.19. The stock had a trading volume of 2,180,240 shares, compared to its average volume of 3,507,104. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.74. The company's fifty day simple moving average is $49.89 and its two-hundred day simple moving average is $42.80. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 1.70, a PEG ratio of 2.43 and a beta of 1.43. Fluor has a 1-year low of $29.20 and a 1-year high of $60.10.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FLR. UBS Group reaffirmed a "buy" rating and set a $60.00 price objective (up previously from $48.00) on shares of Fluor in a research note on Tuesday, June 24th. Citigroup dropped their price objective on shares of Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a research note on Monday. Truist Financial upped their price objective on shares of Fluor from $47.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Robert W. Baird dropped their price target on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Wall Street Zen cut shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.14.

Insiders Place Their Bets

In related news, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the transaction, the insider directly owned 64,383 shares of the company's stock, valued at $2,924,919.69. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman David E. Constable sold 40,800 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the completion of the transaction, the chairman directly owned 870,627 shares in the company, valued at $42,660,723. This trade represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,320 shares of company stock worth $4,870,182 over the last ninety days. Insiders own 1.70% of the company's stock.

Institutional Trading of Fluor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in shares of Fluor in the first quarter valued at approximately $54,000. Caxton Associates LLP purchased a new stake in Fluor in the first quarter valued at approximately $266,000. Jones Financial Companies Lllp grew its holdings in Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company's stock valued at $587,000 after purchasing an additional 12,645 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Fluor by 40.3% in the first quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company's stock valued at $361,000 after purchasing an additional 2,896 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

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.