Fluor (NYSE:FLR – Get Rating) released its quarterly earnings data on Friday. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18), RTT News reports. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.49 billion. Fluor had a positive return on equity of 10.59% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. Fluor updated its FY22 guidance to $1.15-1.35 EPS and its FY 2022 guidance to $1.15-$1.35 EPS.
Fluor Stock Performance
NYSE:FLR traded down $2.32 during midday trading on Friday, reaching $23.08. The stock had a trading volume of 4,093,497 shares, compared to its average volume of 1,741,106. The firm has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $25.43. Fluor has a 12-month low of $14.41 and a 12-month high of $31.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.28 billion, a P/E ratio of -29.21, a P/E/G ratio of 0.53 and a beta of 2.58.
Insider Activity at Fluor
In other news, Director Matthew K. Rose acquired 40,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $1,025,200.00. Following the transaction, the director now directly owns 80,764 shares in the company, valued at approximately $2,069,981.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Matthew K. Rose bought 40,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $25.63 per share, for a total transaction of $1,025,200.00. Following the transaction, the director now owns 80,764 shares of the company’s stock, valued at $2,069,981.32. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James T. Hackett bought 30,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were bought at an average price of $25.46 per share, for a total transaction of $763,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $254,600. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Fluor
Analysts Set New Price Targets
A number of brokerages have recently issued reports on FLR. Credit Suisse Group set a $26.00 target price on shares of Fluor in a research report on Tuesday, July 19th. Citigroup lowered their target price on shares of Fluor from $31.00 to $27.00 in a research report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.60.
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.
- Get a free copy of the StockNews.com research report on Fluor (FLR)
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
- BJ’s Wholesale Club Stock Has More Room to Grow
Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.