Fluor (FLR) Set to Announce Earnings on Friday

Fluor (NYSE:FLR) will announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Fluor Stock Up 7.6 %

Shares of Fluor stock opened at $58.73 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $49.41 and its 200-day simple moving average is $46.14. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.29 and a beta of 1.90. Fluor has a twelve month low of $34.09 and a twelve month high of $60.10.

Analyst Ratings Changes

A number of analysts have recently weighed in on FLR shares. UBS Group increased their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price objective on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Barclays increased their price target on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Fluor has an average rating of “Moderate Buy” and a consensus price target of $58.29.

Insider Activity

In related news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares in the company, valued at approximately $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the sale, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor 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 sale, 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 disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 over the last quarter. Corporate 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.