What happened. The reason: This morning, Fluor announced the results of a "strategic review" -- and investors didn't like what it had to say. The construction and engineering company continues to disappoint. Nevertheless, hope springs eternal. The weird part is that Fluor lost money -- a lot of money -- … What happened Shares of Fluor (NYSE: FLR) were down as much as 10.6% by 10:30 a.m. EDT on Friday. Matthew DiLallo, The Motley Fool , Motley Fool • May 2, 2019. So what. What happened. An ongoing strategic review of the business led to significant one-time pre-tax charges that impacted the bottom line. 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 … Why Fluor Stock Is Cratering Today. Summit stock, on the other hand, looks less attractive at 21 times forward earnings (and 25 times trailing). But is this news really as bad as it sounds? The latest closing stock price for Fluor as of January 11, 2021 is 17.66. 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. Infrastructure & Power. What happened. 760,394 shares of common stock were listed at $2.50 par value. 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. 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. 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. The stock, with the ticker symbol "FLR" opened on the NYSE at 22 1/4. So what. 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 Shares of Fluor (NYSE:FLR) got crushed today, down by 28% as of 2 p.m. EDT, after the engineering and construction company … On top of that, its CEO stepped down. On March 31, Fluor's backlog topped $39 billion. The all-time high Fluor stock closing price was 98.64 on June 23, 2008. 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 high stock price is 20.89, which is 18.3% above the current share price. 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. Revenue in the second quarter came in at $4.1 billion, well below … The company also plans to cut annual "overhead" costs by some $100 million. Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. 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 SEC probe just adds to the uncertainty and has sparked the latest sell-off. The construction and engineering company continues to disappoint. About Fluor … Fluor, President of the corporation, bought the first 100 shares of the newly listed stock. Stock Advisor launched in February of 2002. So far, so good. So what. Fluor also said it was calling off the planned sale of its government business. Given the ongoing review, Fluor said it does not expect to file its form 10-K annual report in February as expected. Last week’s decline in the stock price -- 24% in a single day -- was the steepest since at least 2000, Bloomberg reported. What happened. Stock Advisor launched in February of 2002. The stock has gained another 5.6% so … Government. Energy & Chemicals. Learn More Projects. 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 … Fluor unloaded lousy news on its investors. 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. Discover historical prices for FLR stock on Yahoo Finance. What happened. Matthew DiLallo, The Motley Fool. 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. 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. Driving the engineering and construction company's decline were its first-quarter results, which came in well below expectations. Market data powered by FactSet and Web Financial Group. 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. It depends. Fluor will book the undisclosed value in the fourth quarter of 2020. FLR: Get the latest Fluor stock price and detailed information including FLR news, historical charts and realtime prices. 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. 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. 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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