Fluor (NYSE:FLR) Releases FY 2021 Earnings Guidance

Fluor (NYSE:FLR) issued an update on its FY 2021 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.500-0.800 for the period, compared to the Thomson Reuters consensus estimate of $0.590. The company issued revenue guidance of -.

A number of research analysts have commented on FLR shares. Barclays increased their price objective on Fluor from $22.00 to $27.00 and gave the company an equal weight rating in a research report on Monday. Zacks Investment Research raised Fluor from a strong sell rating to a hold rating and set a $24.00 price objective for the company in a report on Friday, April 30th. Credit Suisse Group reduced their target price on shares of Fluor from $19.00 to $15.00 and set a neutral rating on the stock in a research note on Monday, March 8th. Vertical Research upgraded shares of Fluor from a hold rating to a buy rating in a report on Thursday, January 21st. Finally, Citigroup lifted their target price on shares of Fluor from $18.00 to $23.00 in a report on Wednesday, April 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $19.67.

Fluor stock traded up $0.21 during midday trading on Friday, hitting $19.14. 14,528,976 shares of the stock were exchanged, compared to its average volume of 2,643,737. The stock has a market capitalization of $2.71 billion, a PE ratio of -4.73 and a beta of 2.85. The company has a fifty day simple moving average of $22.71 and a two-hundred day simple moving average of $18.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.28. Fluor has a 52 week low of $8.10 and a 52 week high of $25.08.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Thursday, May 6th. The construction company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Fluor had a negative net margin of 3.63% and a positive return on equity of 10.56%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the firm posted ($1.22) earnings per share. The business’s quarterly revenue was down 20.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Fluor will post 0.23 EPS for the current fiscal year.

About Fluor

Fluor Corporation provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through six segments: Energy & Chemicals; Mining & Industrial; Infrastructure & Power; Government; Diversified Services; and Other.

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