Fluor (NYSE:FLR) Releases FY24 Earnings Guidance

Fluor (NYSE:FLR) updated its FY24 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.50-3.00 for the period, compared to the consensus estimate of $2.85. Fluor also updated its FY 2024 guidance to 2.500-3.000 EPS.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup lifted their price target on Fluor from $47.00 to $52.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Robert W. Baird lifted their price objective on Fluor from $42.00 to $46.00 and gave the stock an outperform rating in a report on Monday, May 6th. Barclays lifted their price objective on Fluor from $39.00 to $45.00 and gave the stock an equal weight rating in a report on Thursday, July 18th. KeyCorp raised Fluor from a sector weight rating to an overweight rating and set a $57.00 price objective for the company in a report on Wednesday, July 17th. Finally, Truist Financial lifted their price objective on Fluor from $47.00 to $54.00 and gave the stock a buy rating in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $48.43.

Fluor Trading Up 0.1 %

Fluor stock traded up $0.03 during trading on Friday, hitting $47.50. The company’s stock had a trading volume of 3,197,760 shares, compared to its average volume of 1,709,922. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 2.55 and a beta of 1.99. The stock’s fifty day moving average is $45.31 and its 200 day moving average is $41.40. Fluor has a 1-year low of $30.73 and a 1-year high of $51.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Fluor had a return on equity of 24.98% and a net margin of 1.97%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that Fluor will post 2.9 EPS for the current year.

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.