Fluor, President of the corporation, bought the first 100 shares of the newly listed stock. 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. But Fluor also plans to cut its quarterly dividend, currently $0.21 per share, by more than half -- to just $0.10 per share. Why Fluor Stock Got Crushed Today Fluor is conducting a strategic review of its business that is leading to significant charges and uncertainty. 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. What happened. 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 … The weird part is that Fluor lost money -- a lot of money -- … FLR: Get the latest Fluor stock price and detailed information including FLR news, historical charts and realtime prices. Matthew DiLallo, The Motley Fool. Advanced Technologies & Life Sciences. The construction and engineering company continues to disappoint. The reason: This morning, Fluor announced the results of a "strategic review" -- and investors didn't like what it had to say. 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. View daily, weekly or monthly formats back to when Fluor Corporation stock was issued. 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. 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. The Fluor 52-week low stock price is … The market hates uncertainty, and Fluor's announcement delivered more questions than answers. 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). What happened. Revenue in the second quarter came in at $4.1 billion, well below … The … Last week’s decline in the stock price -- 24% in a single day -- was the steepest since at least 2000, Bloomberg reported. … The construction and engineering company continues to disappoint. 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. On the other hand, Fluor has been earning only about a 3% gross profit margin lately (and losing close to 3% of sales, net). Read full article. Given the ongoing review, Fluor said it does not expect to file its form 10-K annual report in February as expected. The company did provide some preliminary 2019 data, saying that it ended the year with a backlog of $32.7 billion. Shares of Fluor (NYSE: FLR) tumbled nearly 23% by 11:15 a.m. EDT on Thursday. What happened Shares of Fluor (NYSE: FLR) were down as much as 10.6% by 10:30 a.m. EDT on Friday. Revenue in the second quarter came in at $4.1 billion, well below … 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. Why Fluor Stock Is Cratering Today. 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. Mr. J.S. What happened. Tip: Try a valid symbol or a specific company name for relevant results What happened. Not only did the company miss expectations by a wide margin, but it slashed its full-year forecast. What happened. Market data powered by FactSet and Web Financial Group. The SEC probe just adds to the uncertainty and has sparked the latest sell-off. Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. 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. It is a holding company that provides services through its subsidiaries in the following areas: oil and gas, industrial and infrastructure, government and power. Fluor Corporation is an American multinational engineering and construction firm headquartered in Irving, Texas. 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. Energy & Chemicals. 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 … So far, so good. Weighing on the engineering company was … 1957 . 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. It depends. 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. Why Fluor Stock Crashed More Than 30% in May The engineering contractor continues to face execution issues and doubts remain over its backlog. 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 … On the one hand, of course the dividend cut is disheartening. Returns as of 01/14/2021. 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.. 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. May 2, 2019, 8:48 AM. The company also plans to cut annual "overhead" costs by some $100 million. 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. So what. Fluor unloaded lousy news on its investors. What happened. 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. The Fluor 52-week high stock price is 20.89, which is 18.3% above the current share price. With the accounting mess also … 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. Well, there was good news and bad news. Fluor's strong order backlog and high expectations from the incoming new CEO have renewed interest in the construction stock. 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