Key Details
Price
$48.58Last Dividend
$0.10Annual ROE
6.87%Beta
1.49Events Calendar
Next earnings date:
Feb 18, 2025Recent quarterly earnings:
Nov 08, 2024Recent annual earnings:
Feb 20, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Feb 28, 2020Next split:
N/ARecent split:
July 17, 2008Analyst ratings
Recent major analysts updates
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We have put together a list of the 10 Best Russell 2000 Stocks to Invest in Based on Analyst Recommendations. In this article, we will examine how Fluor Corporation (NYSE:FLR) compares to other top Russell 2000 stocks recommended by analysts. The Russell 2000 Index is a popular benchmark that...
Fluor Corporation has achieved impressive year-to-date returns of around 28%, outperforming other mid-cap companies by double and industrial stocks by 1.6 times. Although FLR's forward EV/EBITDA ratio is not low, its strong operating leverage and attractive free cash flow yield may justify this. With a solid balance sheet and high cash reserves, there is a good chance of increased buybacks, and the dividend could also be reinstated after four years.
FLR, which is experiencing an increase in its backlog, has secured a contract with Heidelberg Materials for the Geseke cement production plant.
FLR's stock is impacted by reduced earnings from the Energy Solutions division and delays in projects.
A disappointing report on quarterly results caused investors to quickly sell their shares.
FLR's results for the third quarter of 2024 show that the Energy Solutions segment did not perform as well as anticipated.
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) has released its financial results for the third quarter that ended on September 30, 2024. The company reported a revenue of $4.1 billion and net earnings of $54 million, which is $0.31 per diluted share. The consolidated segment profit for this quarter was $117 million, a decrease from the $276 million profit in the same quarter of 2023, mainly due to lower contributions from the Energy Solutions segment.
Fluor Corporation (NYSE:FLR) will hold its Q3 2024 Earnings Conference Call on November 8, 2024, at 8:30 AM ET. The call will feature company leaders including Chairman and CEO David Constable, CFO Joe Brennan, and COO Jim Breuer. Analysts from various financial institutions will also participate in the call.
High demand from the chemicals, fuel production, mining, and metals industries, along with rising global energy needs, likely helped FLR's performance in the third quarter.
Fluor Corporation is predicted to end 2024 on a high note, with good progress likely to carry on into 2025. The company is gaining from a consistent stream of new contracts, which supports its optimistic forecast. Additionally, Fluor's stock is fairly valued, making it a good option for investors.
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