Fluor Corporation (NYSE:FLR) saw a downside of -4.73% to close Monday at $34.24 after subtracting -$1.7 on the day. The 5-day average trading volume is 4,180,240 shares of the company’s common stock. It has gained $37.20 in the past week and touched a new high 3 times within the past 5 days. An average of 2,003,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,728,462.
FLR’s 1-month performance is 16.34% or $4.81 on its low of $29.23 reached on 07/10/23. The company’s shares have touched a 52-week low of $23.03 and high of $38.20, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, FLR has lost -1.21% or -$0.42 and has reached a new high 12 times. However, the current price is down -10.37% from the 52-week high price.
Insider Transactions
FLR stock investors last saw insider trading activity on Jun 07.Dillow Stacy L (EVP, Chief HR Officer) most recently sold 20,000 shares at $30.30 per share on Jun 07. This transaction cost the insider $606,088. Group President, Breuer James R, sold 4,000 shares at a price of $37.81 on Mar 03.
Valuation Metrics
FLR stock has a beta of 2.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.30 while the price-to-book (PB) in the most recent quarter is 2.83.
Fluor Corporation’s quick ratio for the period ended March 30 was 1.50, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.57, while the total debt to equity was 0.58. In terms of profitability, the gross margin trailing 12 months is 1.40%. The trailing 12-month EBITDA margin is 1.53% while for the period ending March 30, Fluor Corporation’s operating margin was 1.70%. The firm’s gross profit as reported stood at $355.0 million against revenue of $13.74 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Fluor Corporation’s cash and short-term investments amounted to $60.0 million against total debt of $996.0 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 25.49% to $51.0 million, while revenue of $52.0 million was -1.96% off the previous quarter. Analysts expected FLR to announce $0.37 per share in earnings in its latest quarter, but it posted $0.28, representing a -24.30% surprise. EBITDA for the quarter stood at more than $113.0 million. FLR stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 4.79 billion, with total debt at $996.0 million. Shareholders hold equity totaling $143.37 million.
Let’s look briefly at Fluor Corporation (FLR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 68.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 79.13%.
The stock’s 5-day moving average is $32.72, reflecting a +10.52% or $3.26 change from its current price. FLR is currently trading +15.17% above its 20-day SMA, +5.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.38% and SMA200 by+22.55%.
Stochastic %K and %D was 68.25% and 68.05% and the average true range (ATR) pointed at 1.43. The RSI (14) points at 66.64%, while the 14-day stochastic is at 58.37% with the period’s ATR at 1.21. The stock’s 9-day MACD Oscillator is pointing at 1.96 and 2.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Fluor Corporation (NYSE: FLR), DA Davidson upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for FLR stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FLR as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is FLR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $48.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for Fluor Corporation (FLR) stock is $38.71.
