Fluor (NYSE:FLR) Posts Earnings Results, Misses Estimates By $0.07 EPS

Fluor (NYSE:FLR - Get Free Report) issued its quarterly earnings data on Friday. The construction company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.07), Briefing.com reports. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Fluor updated its FY24 guidance to $2.50-3.00 EPS and its FY 2024 guidance to 2.500-3.000 EPS.

Fluor Stock Performance

Shares of NYSE:FLR traded down $2.34 during trading on Friday, hitting $38.90. 4,832,080 shares of the company traded hands, compared to its average volume of 1,139,215. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 69.46, a PEG ratio of 3.27 and a beta of 2.11. The business's fifty day moving average is $39.73 and its 200-day moving average is $38.40. Fluor has a one year low of $25.69 and a one year high of $43.24. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

FLR has been the topic of several recent analyst reports. Citigroup boosted their price target on Fluor from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Monday, April 22nd. KeyCorp initiated coverage on Fluor in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Truist Financial reiterated a "buy" rating and issued a $46.00 price target on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet cut Fluor from a "b-" rating to a "c" rating in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Fluor has a consensus rating of "Hold" and a consensus target price of $43.17.

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.