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In a challenging market environment, Fluor Corporation (NYSE: NYSE:FLR) stock has reached its 52-week low, dipping to $35.92. With a market capitalization of $6.1 billion, the company maintains a strong financial position, earning a "GREAT" health score according to InvestingPro analysis. The engineering and construction firm, known for its diverse project portfolio, has faced headwinds that have pressured its stock price over the past year, culminating in this recent low point. Despite the broader economic recovery, Fluor has experienced a significant 25.14% decline year-to-date, though current analysis suggests the stock may be undervalued. The company maintains a strong balance sheet with more cash than debt, one of several insights available through InvestingPro’s comprehensive research report. This latest price level serves as a critical marker for Fluor as it navigates through the current fiscal year, aiming to reassure shareholders and improve its market standing. The company’s financial fundamentals remain solid, with a healthy current ratio of 1.69 indicating strong liquidity management.
In other recent news, Fluor Corporation reported its financial results for the fourth quarter of 2024, revealing an earnings per share (EPS) of $0.48, which was below the forecasted $0.78. The company’s revenue also fell short of expectations, coming in at $4.26 billion compared to a forecast of $4.48 billion. Despite this quarterly miss, Fluor’s full-year revenue increased by 5.4% to $16.3 billion, with net income reaching $2.1 billion. DA Davidson adjusted its outlook for Fluor by reducing the price target to $55 from $65, while maintaining a Buy rating, highlighting improvements in cash flow and the market value of its investment in NuScale. Fluor’s investment in NuScale, a small modular reactor company, has seen its market value grow to more than three times its value from a year ago. Additionally, Fluor has been involved in significant projects, including the construction of nuclear reactors in Romania with U.S. support, and plans to build a small modular reactor plant by 2029. The company has also initiated a share repurchase program and anticipates moderate growth for 2025, with projected EBITDA between $575 million and $675 million.
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