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Investors looking for stocks in the Engineering - R and D Services sector might want to consider either Fluor (FLR) or Altair Engineering (ALTR). But which of these two stocks presents investors with the better value opportunity right now?
Fluor's (FLR) second-quarter 2024 results reflect solid contributions from the Urban Solutions segment.
Fluor Corporation (NYSE:FLR ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Jason Landkamer - Head of IR David Constable - Chairman & CEO Joseph Brennan - CFO Conference Call Participants Sangita Jain - KeyBanc Capital Markets Jamie Cook - Truist Securities Andrew Kaplowitz - Citigroup Steven Fisher - UBS Michael Dudas - Vertical Research Andrew Wittmann - Baird Brent Thielman - D.A. Davidson Operator Good morning, and welcome to Fluor's Second Quarter 2024 Earnings Conference Call.
Fluor (FLR) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.76 per share a year ago.
Here is how Fluor (FLR) and Dycom Industries (DY) have performed compared to their sector so far this year.
Fluor (FLR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Does Fluor (FLR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Fluor (FLR) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Fluor's (FLR) contract for Northvolt's battery factory boosts its renewable energy portfolio.
Fluor (FLR) is set to enhance U.S. nuclear security with a pivotal role in a $30B, 20-year DOE contract.
Boston Partners acquired a new stake in Fluor Co. (NYSE:FLR – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,894 shares of the construction company’s stock, valued at approximately $388,000. Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Fluor in the 4th quarter worth about $27,000. BKM Wealth Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fluor in the 4th quarter worth approximately $34,000. Tennessee Valley Asset Management Partners purchased a new position in Fluor in the 4th quarter valued at approximately $36,000. Finally, Spire Wealth Management raised its holdings in Fluor by 59.2% during the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after acquiring an additional 375 shares during the period. 88.07% of the stock is owned by institutional investors. Fluor Trading Up 0.2 % Shares of Fluor stock opened at $38.35 on Monday. The company has a 50 day simple moving average of $40.12 and a two-hundred day simple moving average of $38.75. The firm has a market cap of $6.57 billion, a PE ratio of 22.30, a PEG ratio of 3.02 and a beta of 2.11. Fluor Co. has a 1 year low of $26.24 and a 1 year high of $43.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67. Fluor (NYSE:FLR – Get Free Report) last announced its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Analysts expect that Fluor Co. will post 2.86 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on FLR shares. Robert W. Baird lifted their price target on Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Citigroup lifted their target price on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Truist Financial reissued a “buy” rating and issued a $47.00 price target (up from $46.00) on shares of Fluor in a report on Monday, May 6th. Finally, TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.00. View Our Latest Stock Analysis on Fluor Fluor Profile (Free Report) 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.