Fluor (NYSE:FLR) Releases 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) announced its earnings results on Friday. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16), Zacks reports. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm's quarterly revenue was down 5.9% on a year-over-year basis. Fluor updated its FY 2025 guidance to 1.950-2.15 EPS.

Fluor Trading Down 28.3%

FLR stock traded down $16.05 on Friday, hitting $40.72. 21,357,847 shares of the company were exchanged, compared to its average volume of 3,457,124. Fluor has a twelve month low of $29.20 and a twelve month high of $60.10. The business's fifty day moving average is $49.90 and its two-hundred day moving average is $43.01. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 3.90, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74.

Insider Buying and Selling at Fluor

In other news, insider Alvin C. Collins III sold 18,920 shares of the company's 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 completion of the transaction, the insider directly owned 64,383 shares in the company, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Constable sold 38,600 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the transaction, the chairman owned 792,027 shares of the company's stock, valued at $41,272,526.97. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,320 shares of company stock valued at $4,870,182 in the last three months. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in shares of Fluor in the 1st quarter worth about $54,000. Caxton Associates LLP acquired a new stake in shares of Fluor in the 1st quarter worth about $266,000. NewEdge Advisors LLC increased its holdings in shares of Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company's stock worth $361,000 after acquiring an additional 2,896 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Fluor by 337.7% during the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company's stock valued at $587,000 after buying an additional 12,645 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the topic of a number of recent analyst reports. Truist Financial upped their price target on Fluor from $47.00 to $59.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Wall Street Zen downgraded shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a research report on Tuesday, July 15th. UBS Group reiterated a "buy" rating and set a $60.00 price target (up from $48.00) on shares of Fluor in a research note on Tuesday, June 24th. Finally, Robert W. Baird boosted their price target on shares of Fluor from $41.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $54.43.

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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