Analysts expect TechnipFMC PLC (NYSE:FTI) to announce earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Twenty Five analysts have issued estimates for TechnipFMC’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.24. TechnipFMC posted earnings per share of $0.28 in the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The company is expected to announce its next earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that TechnipFMC will report full year earnings of $1.31 per share for the current year, with EPS estimates ranging from $0.91 to $1.62. For the next financial year, analysts forecast that the business will post earnings of $1.51 per share, with EPS estimates ranging from $0.99 to $2.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover TechnipFMC.
TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). TechnipFMC had a negative net margin of 16.17% and a positive return on equity of 2.23%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company posted $0.28 EPS. TechnipFMC’s revenue was down 6.8% on a year-over-year basis.
A number of brokerages have recently commented on FTI. AltaCorp Capital reiterated an “outperform” rating on shares of TechnipFMC in a research report on Thursday, June 20th. Barclays cut their price objective on TechnipFMC from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 15th. ValuEngine downgraded TechnipFMC from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $29.00 price objective on shares of TechnipFMC in a research report on Monday, April 29th. Finally, Wells Fargo & Co increased their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.80.
Shares of NYSE:FTI traded up $0.14 on Thursday, reaching $25.39. 94,137 shares of the company traded hands, compared to its average volume of 3,807,550. TechnipFMC has a fifty-two week low of $18.20 and a fifty-two week high of $33.60. The firm has a 50 day simple moving average of $22.74. The stock has a market cap of $11.31 billion, a PE ratio of 30.88, a PEG ratio of 3.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.03.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were issued a $0.13 dividend. The ex-dividend date was Monday, May 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.05%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FTI. Norges Bank purchased a new stake in shares of TechnipFMC in the fourth quarter valued at $210,592,000. Amundi Pioneer Asset Management Inc. increased its position in TechnipFMC by 69.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 19,834,598 shares of the oil and gas company’s stock worth $388,362,000 after buying an additional 8,097,644 shares during the last quarter. Aviva PLC increased its position in TechnipFMC by 106.1% during the fourth quarter. Aviva PLC now owns 10,029,403 shares of the oil and gas company’s stock worth $202,577,000 after buying an additional 5,162,133 shares during the last quarter. Pzena Investment Management LLC increased its position in TechnipFMC by 141.3% during the first quarter. Pzena Investment Management LLC now owns 4,977,275 shares of the oil and gas company’s stock worth $117,066,000 after buying an additional 2,914,800 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in TechnipFMC by 1,834.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 926,996 shares of the oil and gas company’s stock worth $47,000 after buying an additional 879,078 shares during the last quarter. Institutional investors own 72.28% of the company’s stock.
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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