Not only did the company miss expectations by a wide margin, but it slashed its full-year forecast. FLR: Get the latest Fluor stock price and detailed information including FLR news, historical charts and realtime prices. The reason: This morning, Fluor announced the results of a "strategic review" -- and investors didn't like what it had to say. 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 … Matthew DiLallo, The Motley Fool. Fluor will book the undisclosed value in the fourth quarter of 2020. 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. Read full article. 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. 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. First Fluor office in UK. Shares of Fluor (NYSE:FLR) dropped more than 25% on Tuesday morning after the engineering contractor disclosed a Securities and Exchange Commission investigation into its past accounting and financial reporting. 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 … 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. So far, so good. 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 … 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. Fluor's strong order backlog and high expectations from the incoming new CEO have renewed interest in the construction stock. Fluor, President of the corporation, bought the first 100 shares of the newly listed stock. What happened Shares of Fluor (NYSE: FLR) were down as much as 10.6% by 10:30 a.m. EDT on Friday. Market data powered by FactSet and Web Financial Group. On March 31, Fluor's backlog topped $39 billion. 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. What happened. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. The construction and engineering company continues to disappoint. So what. Revenue in the second quarter came in at $4.1 billion, well below … Mr. J.S. Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. On top of that, its CEO stepped down. Infrastructure & Power. 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 … Weighing on the engineering company was … Driving the engineering and construction company's decline were its first-quarter results, which came in well below expectations. The stock, with the ticker symbol "FLR" opened on the NYSE at 22 1/4. So what. Shares of Fluor (NYSE: FLR) tumbled nearly 23% by 11:15 a.m. EDT on Thursday. Fluor unloaded lousy news on its investors. 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. Stock Advisor launched in February of 2002. 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 Corporation stock is made available on both the New York Stock Exchange (NYSE) and the Pacific Coast Stock Exchange. Revenue in the second quarter came in at $4.1 billion, well below … 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. What happened. The Fluor 52-week low stock price is … What happened Shares of engineering and construction giant Fluor ( NYSE:FLR ) collapsed this morning, falling more than 11% before paring those … 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. View Fluor Projects Around the World. What happened. Fluor also said it was calling off the planned sale of its government business. Why Fluor Stock Crashed More Than 30% in May The engineering contractor continues to face execution issues and doubts remain over its backlog. Stock Advisor launched in February of 2002. 1957 . Last week’s decline in the stock price -- 24% in a single day -- was the steepest since at least 2000, Bloomberg reported. The weird part is that Fluor lost money -- a lot of money -- … What happened. An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line. 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 … Market data powered by FactSet and Web Financial Group. What happened Fluor (NYSE: FLR) shareholders underperformed a historically weak market last month as the stock lost 48% compared to an 8% decline in the S&P 500, according to … 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. The market hates uncertainty, and Fluor's announcement delivered more questions than answers. Well, there was good news and bad news. Tip: Try a valid symbol or a specific company name for relevant results 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. Summit stock, on the other hand, looks less attractive at 21 times forward earnings (and 25 times trailing). Fluor Corporation is an American multinational engineering and construction firm headquartered in Irving, Texas. The all-time high Fluor stock closing price was 98.64 on June 23, 2008. The construction and engineering company continues to disappoint. 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. Government. With the accounting mess also … The Fluor 52-week high stock price is 20.89, which is 18.3% above the current share price. But Fluor also plans to cut its quarterly dividend, currently $0.21 per share, by more than half -- to just $0.10 per share. Shares of construction and engineering giant Fluor (NYSE: FLR) stock popped in Friday trading after reporting earnings Thursday evening, up 12.4% as of 2:20 p.m. EDT, and that's not even the weird part.. Returns as of 01/14/2021. 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.. 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. Energy & Chemicals. The stock has gained another 5.6% so … 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. 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. 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. The company also plans to cut annual "overhead" costs by some $100 million. The … Matthew DiLallo, The Motley Fool , Motley Fool • May 2, 2019. May 2, 2019, 8:48 AM. 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. It is the largest engineering & construction company in the Fortune 500 rankings and is listed as 164th overall. But is this news really as bad as it sounds? What happened. What happened. About Fluor … Advanced Technologies & Life Sciences. 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. He spends a lot of time these days focused on the industrials and financials. An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line. Discover historical prices for FLR stock on Yahoo Finance. 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. Fluor delayed release of full-year financial statements because of the probe but did provide initial 2020 guidance within range of analyst expectations. 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. 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. On the other hand, Fluor has been earning only about a 3% gross profit margin lately (and losing close to 3% of sales, net). Returns as of 01/14/2021. … Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. There is value in Fluor's business, and the company sounds optimistic about how its internal turnaround is progressing. Why Fluor Stock Is Cratering Today. What happened. So what. The SEC probe just adds to the uncertainty and has sparked the latest sell-off. Why Fluor Stock Got Crushed Today Fluor is conducting a strategic review of its business that is leading to significant charges and uncertainty. 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. 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. 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. 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. Given the ongoing review, Fluor said it does not expect to file its form 10-K annual report in February as expected. 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. Mining & Metals. What happened. Learn More Projects. The latest closing stock price for Fluor as of January 11, 2021 is 17.66. View daily, weekly or monthly formats back to when Fluor Corporation stock was issued. The company did provide some preliminary 2019 data, saying that it ended the year with a backlog of $32.7 billion. Nevertheless, hope springs eternal. Why Fluor Stock Is Cratering Today. 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 depends. On the one hand, of course the dividend cut is disheartening. 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. 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. 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. 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. So what was it that Fluor said, exactly? It is a holding company that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power. 760,394 shares of common stock were listed at $2.50 par value. 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." An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line. 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