Brokers Offer Predictions for Fluor’s Q4 Earnings (NYSE:FLR)

Fluor Co. (NYSE:FLR) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Fluor in a note issued to investors on Tuesday, November 12th. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings per share of $0.79 for the quarter. DA Davidson currently has a “Buy” rating and a $65.00 target price on the stock. The consensus estimate for Fluor’s current full-year earnings is $2.75 per share. DA Davidson also issued estimates for Fluor’s FY2025 earnings at $2.98 EPS.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share.

Other equities research analysts also recently issued reports about the stock. UBS Group raised their target price on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird raised their price target on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays raised their target price on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Truist Financial lifted their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, KeyCorp lifted their price target on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average price target of $60.29.

Fluor Price Performance

NYSE:FLR opened at $48.50 on Wednesday. The firm has a fifty day simple moving average of $49.82 and a 200 day simple moving average of $46.60. Fluor has a 1-year low of $35.04 and a 1-year high of $60.10. The stock has a market capitalization of $8.32 billion, a PE ratio of 32.33, a P/E/G ratio of 2.26 and a beta of 1.90. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of Fluor by 20.3% during the first quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company’s stock worth $3,311,000 after buying an additional 13,203 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Fluor by 230.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company’s stock worth $2,587,000 after acquiring an additional 41,428 shares during the period. Swiss National Bank raised its position in shares of Fluor by 19.1% in the 1st quarter. Swiss National Bank now owns 336,400 shares of the construction company’s stock worth $14,223,000 after acquiring an additional 53,900 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock valued at $24,771,000 after purchasing an additional 222,070 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Fluor by 19.8% during the 1st quarter. Russell Investments Group Ltd. now owns 226,306 shares of the construction company’s stock valued at $9,568,000 after purchasing an additional 37,435 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Activity

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at approximately $2,107,972.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,261 shares of company stock worth $1,528,574. Insiders own 1.70% 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.