At the last check on Thursday, Fluor Corporation’s (NYSE:FLR) stock was up $0.44, moving up 1.27 percent to $35.22. The average number of shares traded per day over the past five days has been 1,585,021 shares. 4 times new highs have been achieved over the past 5 days, with a $2.38 gain in that time frame. In the last twenty days, the average volume was 2,480,580, while in the previous 50 days, it was 1,782,120.
Since last month, FLR stock rose 13.33%. Shares of the company fell to $30.65 on 08/02/23, the lowest level in the past month. A 52-week high of $38.20 was reached on 03/03/23 after having rallying from a 52-week low of $23.37. Since the beginning of this year, FLR’s stock price has risen by 1.62% or $0.47, and marked a new high 12 times. However, the stock has declined by -7.79% since its 52-week high.
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FLR stock investors should be aware that Fluor Corporation (FLR) stock had its last reported insider trading activity 85 days ago on Jun 07. Dillow Stacy L, the EVP, Chief HR Officer of the company, disposed of 20,000 shares for $30.30 on Jun 07. It resulted in a $606,088 divestment by the insider. Breuer James R sold 4,000 shares at an average price of $37.81 on Mar 03. The insider now owns 41,742 shares following the transaction.
Valuation Metrics
The stock’s beta is 2.26. Besides these, the trailing price-to-sales (P/S) ratio of 0.33, the price-to-book (PB) ratio of 2.80.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10.
Financial Health
In the three months ended June 29, Fluor Corporation’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.54, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 1.90% percent. In the year ended June 29, EBITDA margin amounted to 1.53%, whereas operating margins totaled 0.00%. Based on annual data, FLR earned $355.0 million in gross profit and brought in $13.74 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.50%. Return on equity (ROE) for the past 12 months was -3.20%.
In Fluor Corporation’s quarter-end financial report for June 29, it reported total debt of $979.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FLR’s revenue rose 16.25% to $3.75 billion during the quarter, while net income inched up to $3.94 billion. While analysts expected Fluor Corporation to report $0.43 quarterly earnings, the actual figure was $0.76 per share, beating the consensus estimate by 76.70%. During the quarter, the company generated $113.0 million in EBITDA. The liabilities of Fluor Corporation were 4.79 billion at the end of its most recent quarter ended June 29, and its total debt was $996.0 million. The value of shareholders’ equity is $143.37 million.
Technical Picture
This quick technical analysis looks at Fluor Corporation’s (FLR) price momentum. With a historical volatility rate of 22.58%, the RSI 9-day stood at 65.73% on 30 August.
With respect to its five-day moving average, the current Fluor Corporation price is up by +7.28% percent or $2.38. At present, FLR shares trade +12.94% above its 20-day simple moving average and +17.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.55% above its SMA50 and +4.94% above its SMA200.
Stochastic coefficient K was 70.51% and Stochastic coefficient D was 60.05%, while ATR was 0.93. Given the Stochastic reading of 80.41% for the 14-day period, the RSI (14) reading has been calculated as 63.10%. As of today, the MACD Oscillator reading stands at 0.80, while the 14-day reading stands at 0.83.
Analyst Ratings
DA Davidson upgraded its rating on Fluor Corporation (NYSE: FLR) to a Buy in a note to investors on November 07, 2022. The analysts firm previously had a Neutral rating on the stock.Fluor Corporation (FLR) has been rated Overweight by analysts. According to 0 brokerage firms, FLR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Fluor Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $40.00, the current consensus forecast for the stock is $30.00 – $48.00. Based on these forecasts, analysts predict Fluor Corporation (FLR) will achieve an average price target of $39.86.
