에 대한 최신 뉴스 Fluor (NYSE:FLR) 주식

Fluor

Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.

Fluor Corp

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DA Davidson analyst Brent Thielman maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Buy and raises the price target from $58 to $65.

News

Price Target

Analyst Ratings

DA Davidson Maintains Buy on Fluor, Raises Price Target to $65

<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) shares increased by 175.6% to $0.62 during Friday's pre-market session. The company's market cap stands at $17.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) stock rose 37.95% to $4.98. The company's market cap stands at $115.6 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) stock moved upwards by 24.11% to $30.21. The market value of their outstanding shares is at $875.7 million. The company's, Q3 earnings came out yesterday. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares rose 17.39% to $0.3. The company's market cap stands at $8.7 million. </li>
<li>Axon Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) stock rose 15.15% to $539.78. The market value of their outstanding shares is at $40.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>TaskUs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TASK#NASDAQ">TASK</a>) stock increased by 12.86% to $17.55. The market value of their outstanding shares is at $1.5 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares decreased by 29.7% to $0.1 during Friday's pre-market session. The company's market cap stands at $3.2 million. </li>
<li>CDT Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTG#NASDAQ">CDTG</a>) shares declined by 24.82% to $3.03. The company's market cap stands at $32.4 million. </li>
<li>Blink Charging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) shares decreased by 15.43% to $1.7. The market value of their outstanding shares is at $171.9 million. The company's, Q3 earnings came out yesterday. </li>
<li>Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) stock fell 14.16% to $50.59. The company's market cap stands at $8.6 billion. As per the press release, Q3 earnings came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock fell 13.49% to $5.84. The company's market cap stands at $17.6 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares decreased by 12.61% to $8.11. The company's market cap stands at $134.8 million. As per the news, the Q3 earnings report came out today. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Pre-Market Session

Guidance

Fluor During Conference Call, Said Company 'Four Quarters Behind' Its Prior 2026 EBITDA Target

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.2% on Friday.
Following the market opening Friday, the Dow traded up 0.20% to 43,817.98 while the NASDAQ fell 0.10% to 19,250.88. The S&amp;P 500 also rose, gaining, 0.13% to 5,981.13.
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Leading and Lagging Sectors Utilities shares surged by 1% on Friday.
In trading on Friday, materials shares fell by 0.4%.
Top Headline
Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) reported worse-than-expected third-quarter financial results and cuts its FY24 adjusted EBITDA guidance.
Fluor reported quarterly earnings of 51 cents per share which missed the analyst consensus estimate of 76 cents per share. The company reported quarterly sales of $4.094 billion which missed the analyst consensus estimate of $4.738 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Northann Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCL#NYSE">NCL</a>) shares shot up 122% to $0.4977.</li>
<li>Shares of Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) got a boost, surging 93% to $0.5030. Tivic Health&#xAE; Systems will report financial results on Thursday, Nov. 14 after market close.</li>
<li>FOXO Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NYSE">FOXO</a>) shares were also up, gaining 66% to $0.6130.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ProPhase Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) shares dropped 52% to $0.69 after the company reported the pricing of public offering of common stock.</li>
<li>Shares of Evolent Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) were down 42% to $14.34 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) was down, falling 40% to $0.0891 after the company announced a $3 million public offering.</li>
</ul>
Commodities In commodity news, oil traded down 1.2% to $71.47 while gold traded up 0.1% at $2,709.70.
Silver traded up 0.2% to $31.915 on Friday, while copper fell 2% to $4.3430.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.5%, Germany's DAX fell 0.7% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 fell 0.6%.
The trade gap in France increased to €8.3 billion in September versus a revised €7.7 billion gap in the previous month, while current account deficit increased to €2.1 billion in September.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 gaining 0.30%, Hong Kong's Hang Seng Index falling 1.07%, China's Shanghai Composite Index dipping 0.53% and India's BSE Sensex falling 0.07%.
Foreign exchange reserves held by the Reserve Bank of India declined to $682.1 billion as of Nov. 1. China reported a current account surplus of $149.6 billion during the third quarter compared to the $60.8 billion surplus in the year-ago period. Japan&#8217;s household spending declined by 1.1% year-over-year in September.
Economics
The University of Michigan consumer sentiment index will be released today.
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Earnings

Equities

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US Stocks Mixed; Fluor Earnings Miss Views

Fluor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) shares plummeted after the company reported third-quarter results <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41838628/fluor-reports-third-quarter-2024-results" rel="noreferrer noopener">below street expectations.</a>
FLR&#8217;s revenue grew 3.3% year over year to $4.09 billion, missing the consensus of $4.738 billion. Adjusted EPS declined to 51 cents from $1.02 a year ago, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus of 76 cents.</a>
Sales by segment: Energy Solutions $1.428 billion (-8.1% YoY), Urban Solutions $1.93 billion (+34.9% YoY), Mission Solutions $635 million (-3.1% YoY) and Others $100 million (-69.1% YoY).
FLR recorded a total segment profit of $117 million, compared to $276 million a year ago. The margin contracted 411 bps to 2.9%.
The company reported net earnings from core operations of $60 million, down from $158 million a year ago.
The total new awards were $2.69 billion compared to $4.976 billion a year ago. New awards related to projects located outside of the U.S. totaled 68%.
Consolidated backlog surged 20.4% year-over-year to $31.32 billion, with 80% of projects being reimbursable.
Adjusted EBITDA declined 42.6% year-over-year to $124 million, and the margin declined 242 bps to 3%.
At the end of the quarter, Fluor&#8217;s cash and marketable securities were $2.9 billion, excluding amounts held by NuScale. Operating cash flow for the nine months ended September amounted to $501 million.
Buyback: Fluor&#8217;s Board of Directors approved expanding its share repurchase program to 30.5 million shares as part of its capital allocation strategy.
Fluor announced it will deconsolidate NuScale starting in the&nbsp;fourth quarter, resulting in a $1.6 billion gain. Also, the company expects to complete the sale of Stork&#8217;s U.K. operations as early as the&nbsp;first quarter&nbsp;of 2025, pending regulatory approval.
2024 Outlook: FLR tightened its adjusted EPS outlook to $2.55 to $2.75 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(prior $2.50 to $3.00) versus the $2.89 consensus.</a>
The company lowered its adjusted&nbsp;EBITDA outlook to $525 million &#8211; $575 million (prior $625 million &#8211; $675 million) and increased cash flow guidance to ~$700 million.
Price Action: FLR shares are trading lower by 16.4% at $49.25 at the last check Friday.

Engineering & Construction Company Fluor Misses Big On Q3 Earnings And Revises 2024 Guidance As Project Delays Bite

WIIM

Fluor shares are trading lower after the company reported worse-than-expected Q3 financial results and cuts its FY24 adjusted EBITDA guid.

<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) shares rose 53.7% to $0.34 during Friday's pre-market session. The company's market cap stands at $9.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) stock moved upwards by 39.05% to $5.02. The market value of their outstanding shares is at $116.5 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares rose 37.3% to $33.42. The company's market cap stands at $968.8 million. The company's, Q3 earnings came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock moved upwards by 28.49% to $0.19. The market value of their outstanding shares is at $6.0 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock moved upwards by 15.21% to $0.29. The market value of their outstanding shares is at $8.6 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares rose 12.44% to $0.59. The company's market cap stands at $37.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) stock decreased by 11.8% to $52.0 during Friday's pre-market session. The company's market cap stands at $8.9 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares decreased by 11.26% to $5.99. The company's market cap stands at $18.0 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) stock fell 9.38% to $8.41. The market value of their outstanding shares is at $139.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock fell 9.12% to $0.8. The company's market cap stands at $12.9 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock declined by 8.89% to $7.08. The company's market cap stands at $5.3 million. </li>
<li>Odyssey Marine Explr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) shares declined by 8.1% to $0.49. The market value of their outstanding shares is at $10.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock moved upwards by 53.7% to $0.34 during Friday's pre-market session. The market value of their outstanding shares is at $9.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) shares rose 39.05% to $5.02. The company's market cap stands at $116.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) shares rose 37.3% to $33.42. The market value of their outstanding shares is at $968.8 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock rose 28.49% to $0.19. The company's market cap stands at $6.0 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock moved upwards by 15.21% to $0.29. The market value of their outstanding shares is at $8.6 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) stock moved upwards by 12.44% to $0.59. The market value of their outstanding shares is at $37.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) shares fell 11.8% to $52.0 during Friday's pre-market session. The market value of their outstanding shares is at $8.9 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock decreased by 11.26% to $5.99. The market value of their outstanding shares is at $18.0 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares decreased by 9.38% to $8.41. The market value of their outstanding shares is at $139.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock decreased by 9.12% to $0.8. The market value of their outstanding shares is at $12.9 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock fell 8.89% to $7.08. The company's market cap stands at $5.3 million. </li>
<li>Odyssey Marine Explr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) stock decreased by 8.1% to $0.49. The market value of their outstanding shares is at $10.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fluor is tightening its full year adjusted EPS guidance from a range of $2.50 to $3.00 per diluted share to a range of $2.55 to $2.75 per diluted share. Adjusted EPS guidance excludes the benefit of any potential share repurchases. The company is also decreasing its full year adjusted EBITDA guidance from the previous range of $625 to $675 million to a range of $525 to $575 million. This revised guidance reflects the timing of revenue and cancellation of certain projects.
Adjusted EPS and adjusted EBITDA guidance exclude items similar to those outlined in the reconciliation table at the end of this release.

Fluor Tightens Its 2024 Adj EPS Outlook To $2.55 to $2.75 (Prior $2.50-$3.00) Vs. $2.89 Est.; Lowers Adj. EBITDA Outlook To $525M-$575M (Prior $625M-$675M)

<ul>
<li>Fluor Board of Directors approves increase in share repurchase program to 30.5 million shares authorized for repurchase in support of management's capital allocation program</li>
</ul>

Buybacks

Fluor Expands Its Buyback Program To 30.5 Million Shares, Aligning With Its Capital Strategy

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) reported quarterly earnings of $0.51 per share which missed the analyst consensus estimate of $0.76 by 32.89 percent. This is a 50 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $4.094 billion which missed the analyst consensus estimate of $4.738 billion by 13.59 percent. This is a 3.31 percent increase over sales of $3.963 billion the same period last year.

Earnings Misses

Fluor Q3 2024 Adj. EPS $0.51 Misses $0.76 Estimate, Sales $4.094B Miss $4.738B Estimate

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $64.5, a high estimate of $66.00, and a low estimate of $63.00. This upward trend is apparent, with the current average reflecting a 16.74% increase from the previous average price target of $55.25.
<img src="https://www.benzinga.com/files/images/story/2024/1731002440_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Fluor among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sangita Jain</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$66.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fluor. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Fluor compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Fluor's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Fluor's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FLR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fluor analyst ratings.</a>
<h2>About Fluor</h2>
Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.
<h3>Unraveling the Financial Story of Fluor</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Fluor's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 7.31%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 4.0%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Fluor's ROE stands out, surpassing industry averages. With an impressive ROE of 8.26%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Fluor's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.5%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.53.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Fluor: Insights From 4 Analyst Reviews

Keybanc analyst Sangita Jain maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Overweight and raises the price target from $57 to $64.

Keybanc Maintains Overweight on Fluor, Raises Price Target to $64

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Fluor to report an earnings per share (EPS) of $0.76.
The announcement from Fluor is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company beat EPS by $0.17, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Fluor's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.68</td>
<td>0.54</td>
<td>0.57</td>
<td>0.56</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.85</td>
<td>0.47</td>
<td>0.68</td>
<td>1.02</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-6.0%</td>
<td>-3.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730988229_0_0.png" alt="eps graph" />
<h3>Performance of Fluor Shares</h3>
Shares of Fluor were trading at $58.74 as of November 06. Over the last 52-week period, shares are up 62.31%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/FLR/earnings">To track all earnings releases for Fluor visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Fluor's Earnings Preview

IESC

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Shares of construction and engineering companies are trading higher after Donald Trump won the 2024 presidential election.

Fluor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) short percent of float has fallen 13.64% since its last report. The company recently reported that it has 6.04 million shares sold short, which is 4.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fluor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730487628_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fluor has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Fluor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fluor's peer group average for short interest as a percentage of float is 5.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Fluor's Recent Short Interest

High-rolling investors have positioned themselves bullish on Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FLR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Fluor. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $46,640, and 7 calls, totaling $398,329.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $60.0 for Fluor over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Fluor's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Fluor's substantial trades, within a strike price spectrum from $50.0 to $60.0 over the preceding 30 days.
<h3>Fluor Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730146537_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.5</td>
<td>$4.3</td>
<td>$4.48</td>
<td>$55.00</td>
<td>$102.3K</td>
<td>5.6K</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>FLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.3</td>
<td>$11.0</td>
<td>$11.3</td>
<td>$50.00</td>
<td>$90.4K</td>
<td>421</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>FLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.5</td>
<td>$4.3</td>
<td>$4.5</td>
<td>$55.00</td>
<td>$58.0K</td>
<td>5.6K</td>
<td style="text-align: right;">380</td>
</tr>
<tr>
<td>FLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.85</td>
<td>$2.8</td>
<td>$2.8</td>
<td>$60.00</td>
<td>$49.8K</td>
<td>7.7K</td>
<td style="text-align: right;">254</td>
</tr>
<tr>
<td>FLR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.0</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$55.00</td>
<td>$46.6K</td>
<td>112</td>
<td style="text-align: right;">53</td>
</tr>
</tbody>
</table>

<h3>About Fluor</h3>
Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. The firm serves a wide range of end markets including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2023.
<h3>Fluor's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,714,947, with FLR's price up by 2.58%, positioned at $53.63.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
<h3>Expert Opinions on Fluor</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $64.66666666666667.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $65. 
&#x2A; An analyst from Truist Securities persists with their Buy rating on Fluor, maintaining a target price of $66. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Fluor with a target price of $63. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Fluor, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Smart Money Is Betting Big In FLR Options

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) has outperformed the market over the past 5 years by 7.64% on an annualized basis producing an average annual return of 21.46%. Currently, Fluor has a market capitalization of $9.08 billion. 
Buying $1000 In FLR: If an investor had bought $1000 of FLR stock 5 years ago, it would be worth $2,616.00 today based on a price of $53.00 for FLR at the time of writing.
<h3>Fluor's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729884612_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,600 Today

UBS analyst Steven Fisher maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Buy and raises the price target from $51 to $63.

UBS Maintains Buy on Fluor, Raises Price Target to $63

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e983861405d5b0001b0a1bb/samad-samana">Jefferies analyst Samad Samana </a>upgraded Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from Hold to Buy and raised the price target from $145 to $200. Paylocity shares closed at $171.45 on Monday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Vikram Bagri upgraded the rating for First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Neutral to Buy and raised the price target from $200 to $254. First Solar shares closed at $196.25 on Monday. <a href="https://www.benzinga.com/quote/fslr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b05502b85e93000174c0f1/andrew-kaplowitz">Citigroup analyst Andrew Kaplowitz</a> upgraded Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) from Neutral to Buy and raised the price target from $52 to $65. Fluor shares closed at $53.86 on Monday. <a href="https://www.benzinga.com/quote/flr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst David Joyce upgraded AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announced a price target of $11. AMC Networks shares closed at $7.76 on Monday. <a href="https://www.benzinga.com/quote/amcx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Nasib Ahmed upgraded the rating for Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Neutral to Buy. Aegon shares closed at $6.35 on Monday. <a href="https://www.benzinga.com/quote/aeg/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying FSLR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-1024x510.png" alt="" class="wp-image-607353" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-1024x510.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-768x382.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200.png 1316w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Upgrades

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This First Solar Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Reports Q3 revenue $4.09B, consensus $4.74B. "I'm pleased that we are starting to see a robust and sustainable generation of cash that will drive o...

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Fluor Corporation 2024 Q3 - Results - Earnings Call Presentation

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Fluor Corporation (FLR) Q3 2024 Earnings Call Transcript

Fluor Corporation ( ($FLR) ) has released its Q3 earnings. Here is a breakdown of the information Fluor Corporation presented to its investors. Flu...

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Bank of America Securities Remains a Hold on Fluor (FLR)

Baird Q3 2024 Mid Cap Growth Equity Fund Commentary

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CHEF

CLAR

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Press Releases

Fluor Corporation to Hold Second Quarter Earnings Conference Call

Fluor Joint Venture Moves One Step Closer to Completion and Startup of LNG Canada Train One with Placement of Final Weld

Fluor Joint Venture Celebrates Connection of Gordie Howe International Bridge Deck

Fluor Awarded Contract for Next Phase of Engineering and Design for Small Modular Reactor Power Plant in Romania

Fluor Reports Second Quarter 2024 Results

Fluor Announces Leadership Changes

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Fluor Joint Venture Receives Notice to Proceed on Hanford Integrated Tank Disposition Contract

Fluor Reports Third Quarter 2024 Results

Fluor to Participate in Upcoming Investor Conferences

Arcosa

AECOM

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Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares)

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