Fluor (FLR) Set to Announce Earnings on Friday

Fluor (NYSE:FLR) is scheduled to be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Fluor to post earnings of $0.78 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Fluor Trading Up 7.6 %

FLR opened at $58.73 on Thursday. Fluor has a one year low of $34.09 and a one year high of $60.10. The company has a market cap of $10.06 billion, a P/E ratio of 25.56, a PEG ratio of 2.29 and a beta of 1.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. The business’s 50-day simple moving average is $49.41 and its 200-day simple moving average is $46.14.

Insider Transactions at Fluor

In related news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total value 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. 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 can be accessed through the SEC website. In other Fluor news, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of the business’s 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 transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,261 shares of company stock worth $2,156,604 over the last quarter. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a research report on Wednesday, July 17th. DA Davidson increased their price objective on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Truist Financial increased their price objective on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays increased their price objective on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Finally, Robert W. Baird increased their price objective on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.29.

About Fluor

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.