The weird part is that Fluor lost money -- a lot of money -- … The stock, with the ticker symbol "FLR" opened on the NYSE at 22 1/4. On the other hand, Fluor has been earning only about a 3% gross profit margin lately (and losing close to 3% of sales, net). Weighing on the engineering company was … Shares of Fluor have now lost more than 70% of their value over the past three years, first due to execution issues, and more recently due to fears of a global slowdown. View daily, weekly or monthly formats back to when Fluor Corporation stock was issued. Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, was awarded a 26-month maintenance contract extension by Sitech Manufacturing Services in the Netherlands. Discover historical prices for FLR stock on Yahoo Finance. Fluor's (NYSE:FLR) stock price has corrected ~50% over the last couple of weeks after it announced an SEC investigation into the company's accounting and financial reporting. It is a holding company that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Fluor will book the undisclosed value in the fourth quarter of 2020. The company also plans to cut annual "overhead" costs by some $100 million. Fluor also said it was calling off the planned sale of its government business. What happened. Fluor, President of the corporation, bought the first 100 shares of the newly listed stock. Revenue in the second quarter came in at $4.1 billion, well below … It depends. Not only did the company miss expectations by a wide margin, but it slashed its full-year forecast. The reason: This morning, Fluor announced the results of a "strategic review" -- and investors didn't like what it had to say. The stock has gained another 5.6% so … Fluor said it expects to earn between $1.40 and $1.60 per share in 2020, compared to a $1.51-per-share analyst consensus. What happened Shares of Fluor Corporation (NYSE: FLR) tumbled more than 15% by 12:30 p.m. EDT on Thursday after the company preannounced lackluster third-quarter results. So what. Tip: Try a valid symbol or a specific company name for relevant results But is this news really as bad as it sounds? Market data powered by FactSet and Web Financial Group. Revenue in the second quarter came in at $4.1 billion, well below … Fluor delayed release of full-year financial statements because of the probe but did provide initial 2020 guidance within range of analyst expectations. The … … The Fluor 52-week low stock price is … Returns as of 01/14/2021. Fluor draws on expertise from across the entire project scope, including engineering, procurement, fabrication, construction and maintenance to reduce risks, compress schedules, increase quality and lower costs. Well, there was good news and bad news. So what. The construction and engineering company continues to disappoint. An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line. Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. The company said that it's growing confident that its internal restructuring plan will allow it to generate enough cash flow to avoid selling part of the business to raise cash. An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line. The FLR stock was last observed hovering at around $16.86 in the last trading session, with the day’s gains setting it 1.05% off its average median price target of $18.00 for the next 12 months. There are no prizes for guessing the reason behind the tumultuous move, as the company lost a quarter of its value following a very disappointing first-quarter earnings report. Summit stock, on the other hand, looks less attractive at 21 times forward earnings (and 25 times trailing). Why Fluor Stock Is Cratering Today. Shares of engineering and construction giant Fluor (NYSE:FLR) collapsed this morning, falling more than 11% before paring those losses back to a still-disheartening 9.2% loss as of 11:45 a.m. EDT. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Fluor Stock Just Fell Through It (the Floor, That Is) @themotleyfool #stocks $FLR, Fluor Corp (FLR) Q3 2020 Earnings Call Transcript, 3 Big Reasons Fluor Stock Jumped 52.2% in November, Why Shares of Construction and Materials Companies Are Falling Today, Why Fluor Stock Jumped 28.8% in October and Is Rallying Further, Copyright, Trademark and Patent Information. Before markets opened on Tuesday, Fluor said the SEC is conducting an investigation and has requested documents and information related to projects for which the company recorded charges during the second quarter of 2019. Continue Reading Below So what Fluor said that it expects third-quarter revenue to be about $4.6 billion, which was well below the $4.95 billion that analysts anticipated. What happened. Market data powered by FactSet and Web Financial Group. First Fluor office in UK. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. The market hates uncertainty, and Fluor's announcement delivered more questions than answers. Management says it wants to "refocus on engineering, construction and maintenance services in core markets," and expects to "emerge as a stronger and more profitable business in early 2020." The issues and uncertainty currently facing the company will likely keep the pressure on its stock price until it finds a new CEO and its results begin improving. What happened. Energy & Chemicals. If I had to take a guess, I'd say that's the announcement that most spooked investors today, because it turns Fluor from a company paying an above-average 4% dividend into one paying an S&P 500-average 2% dividend. It said it won $12.6 billion in new awards in 2019, including $3.7 billion from the energy sector and $2.6 billion from infrastructure and power customers. Fluor unloaded lousy news on its investors. Returns as of 01/14/2021. So what was it that Fluor said, exactly? Matthew DiLallo, The Motley Fool , Motley Fool • May 2, 2019. The best news for investors, therefore, would appear to be that we won't have to wait more than six months or so to see if Fluor can turn things around. Advanced Technologies & Life Sciences. View Fluor Projects Around the World. What happened. Why Fluor Stock Got Crushed Today Fluor is conducting a strategic review of its business that is leading to significant charges and uncertainty. Stock Advisor launched in February of 2002. There are no prizes for guessing the reason behind the tumultuous move, as the company lost a quarter of its value following a very disappointing first-quarter earnings report.. What happened Shares of Fluor (NYSE:FLR) shot up 52.2% in the month of November, according to data provided by S&P Global Market Intelligence. On the one hand, of course the dividend cut is disheartening. The latest closing stock price for Fluor as of January 11, 2021 is 17.66. Nevertheless, hope springs eternal. What happened. Fluor Corporation (NYSE: FLR) is 12.15% higher on its value in year-to-date trading and has touched a low of $2.85 and a high of $20.90 in the current 52-week trading range. Fluor’s stock, which closed at the lowest price since November 2004, has plunged 59.3% over the past 12 months, while the S&P MidCap 400 index MID, +2.79% has shed 4.3% and the … Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Fluor Are Falling Today @themotleyfool #stocks $FLR, Fluor Corp (FLR) Q3 2020 Earnings Call Transcript, 3 Big Reasons Fluor Stock Jumped 52.2% in November, Why Shares of Construction and Materials Companies Are Falling Today, Why Fluor Stock Jumped 28.8% in October and Is Rallying Further, Copyright, Trademark and Patent Information. 1957 . Government. What happened Shares of Fluor (NYSE: FLR) dropped more than 25% on Tuesday morning after the engineering contractor disclosed a Securities and Exchange Commission investigation into … Matthew DiLallo, The Motley Fool. Stock Advisor launched in February of 2002. With Fluor shares trading for roughly five times forward earnings, and Cemex stock under six times forward earnings, there’s arguably good reason for investors to get excited about those two. So far, so good. Fluor's strong order backlog and high expectations from the incoming new CEO have renewed interest in the construction stock. Read full article. Clearly that's not a good situation, and with $1 billion in hand, Fluor management should be able to reinvest its cash in its most profitable businesses, potentially improving overall returns for the company. Why Fluor Stock Crashed More Than 30% in May The engineering contractor continues to face execution issues and doubts remain over its backlog. Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. Mr. J.S. It is the largest engineering & construction company in the Fortune 500 rankings and is listed as 164th overall. What happened Shares of global engineering and construction giant Fluor (NYSE: FLR) were higher by 12% at 3 p.m. EST today, with most of that gain … 760,394 shares of common stock were listed at $2.50 par value. But until more is known about the extent of the SEC probe and what the government finds, it's hard to get excited about buying in. Infrastructure & Power. Fluor Corporation is an American multinational engineering and construction firm headquartered in Irving, Texas. Given the ongoing review, Fluor said it does not expect to file its form 10-K annual report in February as expected. But Fluor also plans to cut its quarterly dividend, currently $0.21 per share, by more than half -- to just $0.10 per share. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. Shares of Fluor have now lost more than 70% of their value over the past three years, first due to execution issues, and more recently due to fears of a global slowdown. About Fluor … What happened. What happened Shares of engineering and construction giant Fluor ( NYSE:FLR ) collapsed this morning, falling more than 11% before paring those … May 2, 2019, 8:48 AM. Shares of Fluor Corporation (NYSE: FLR) ... Those lackluster results led MKM Partners to reiterate its neutral rating on Fluor’s stock along with its $56 price target. Why Fluor Stock Jumped 28.8% in October and Is Rallying Further - The Motley Fool fool.com - November 3 at 5:55 PM: Why Fluor Stock Jumped 28.8% in October and Is Rallying Further finance.yahoo.com - November 3 at 12:55 PM: Fluor Grants Inducement Award Pursuant to NYSE Rule 303A.08 businesswire.com - November 2 at 10:13 PM : This page was last updated on 1/8/2021 by … What happened. Mining & Metals. Shares of Fluor (NYSE: FLR) got crushed today, down by 28% as of 2 p.m. EDT, after the engineering and construction company reported disappointing second-quarter earnings results. For one thing, Fluor management intends to sell its "select ... government and equipment businesses ... [and] monetize surplus real estate and non-core investments," hoping to thereby generate "in excess of $1 billion" in cash. What happened Shares of Fluor (NYSE:FLR) got crushed today, down by 28% as of 2 p.m. EDT, after the engineering and construction company … Fluor said it is conducting an internal reviews as well, and said it "has not made a determination at this time" about whether there are errors in its statements. Shares of Fluor (NYSE: FLR) got crushed today, down by 28% as of 2 p.m. EDT, after the engineering and construction company reported disappointing second-quarter earnings results. 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