Wall Street analysts expect that TechnipFMC (NYSE:FTI) will report earnings per share of $0.35 for the current fiscal quarter, according to Zacks Investment Research. Twenty Five analysts have provided estimates for TechnipFMC’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.16. TechnipFMC posted earnings of $0.45 per share in the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The business is expected to issue its next earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that TechnipFMC will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.66. For the next financial year, analysts forecast that the business will post earnings of $1.49 per share, with EPS estimates ranging from $0.90 to $1.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for TechnipFMC.
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TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Wednesday, May 9th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). TechnipFMC had a return on equity of 4.58% and a net margin of 1.54%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company posted $0.26 EPS. TechnipFMC’s quarterly revenue was down 7.8% compared to the same quarter last year.
FTI has been the subject of a number of analyst reports. Goldman Sachs Group upgraded TechnipFMC from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, April 11th. Susquehanna Bancshares set a $38.00 price objective on TechnipFMC and gave the stock a “buy” rating in a research note on Friday, February 23rd. Barclays restated a “hold” rating and set a $32.00 price objective on shares of TechnipFMC in a research note on Tuesday, February 27th. Royal Bank of Canada set a $36.00 price objective on TechnipFMC and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, ValuEngine cut TechnipFMC from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. TechnipFMC has a consensus rating of “Buy” and an average price target of $33.92.
In other news, Director Richard A. Pattarozzi sold 18,500 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $30.83, for a total value of $570,355.00. Following the completion of the transaction, the director now directly owns 80,581 shares in the company, valued at $2,484,312.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard G. Alabaster sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $30.01, for a total value of $360,120.00. Following the completion of the transaction, the insider now owns 54,028 shares of the company’s stock, valued at $1,621,380.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,150 shares of company stock valued at $1,429,809. 0.58% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of TechnipFMC by 1.7% in the first quarter. Legal & General Group Plc now owns 2,938,506 shares of the oil and gas company’s stock worth $85,712,000 after purchasing an additional 48,486 shares during the last quarter. Millennium Management LLC raised its stake in shares of TechnipFMC by 467.1% in the first quarter. Millennium Management LLC now owns 3,285,215 shares of the oil and gas company’s stock worth $96,750,000 after purchasing an additional 2,705,915 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of TechnipFMC in the first quarter worth about $206,000. Point72 Asia Hong Kong Ltd raised its stake in shares of TechnipFMC by 315.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 5,298 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 4,022 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of TechnipFMC by 196.6% in the first quarter. Point72 Asset Management L.P. now owns 1,031,800 shares of the oil and gas company’s stock worth $30,387,000 after purchasing an additional 683,871 shares during the last quarter. Hedge funds and other institutional investors own 63.87% of the company’s stock.
Shares of TechnipFMC traded down $0.71, reaching $31.86, during mid-day trading on Thursday, according to MarketBeat.com. 2,512,782 shares of the company were exchanged, compared to its average volume of 3,409,321. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.28 and a quick ratio of 1.18. The stock has a market capitalization of $15.49 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 8.32 and a beta of 0.82. TechnipFMC has a 1 year low of $24.53 and a 1 year high of $35.00.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 22nd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, May 21st. TechnipFMC’s dividend payout ratio (DPR) is presently 40.31%.
TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
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