Fluor (FLR) Scheduled to Post 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Fluor Stock Performance

Shares of Fluor stock opened at $54.61 on Wednesday. The business has a 50-day simple moving average of $49.31 and a 200-day simple moving average of $46.03. The company has a market cap of $9.35 billion, a PE ratio of 22.98, a P/E/G ratio of 2.29 and a beta of 1.90. Fluor has a one year low of $34.09 and a one year high of $55.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FLR shares. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective on the stock in a report on Wednesday, July 17th. Robert W. Baird boosted their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and upped their target price for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Finally, DA Davidson lifted their target price on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.29.

Insider Buying and Selling at Fluor

In other news, CFO Joseph L. Brennan sold 15,335 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares in the company, valued at $2,751,163.38. This 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 is available through this link. In related news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the transaction, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at $2,751,163.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the transaction, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is currently owned by insiders.

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.