Fluor (FLR) Scheduled to Post Earnings on Friday

Fluor (NYSE:FLR - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Fluor has set its FY 2024 guidance at 2.500-3.000 EPS.Investors interested in listening to the company's conference call can do so using this link.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $4.11 billion. During the same period last year, the business earned $0.43 earnings per share. Fluor's revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Fluor to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fluor Trading Up 0.8 %

Fluor stock traded up $0.32 during midday trading on Friday, hitting $40.95. 741,795 shares of the stock were exchanged, compared to its average volume of 1,548,965. Fluor has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 73.13, a PEG ratio of 3.19 and a beta of 2.12. The stock's 50-day simple moving average is $39.44 and its 200 day simple moving average is $38.28. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial reiterated a "buy" rating and set a $46.00 price target on shares of Fluor in a research report on Monday, March 25th. Citigroup lifted their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Monday. TheStreet cut shares of Fluor from a "b-" rating to a "c" rating in a report on Wednesday, February 21st. Finally, KeyCorp initiated coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a "sector weight" rating for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.17.

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.