Wall Street analysts predict that TechnipFMC PLC (NYSE:FTI) will report $0.46 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Twenty Six analysts have made estimates for TechnipFMC’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.30. TechnipFMC reported earnings per share of ($0.09) in the same quarter last year, which suggests a positive year-over-year growth rate of 611.1%. The company is expected to announce its next quarterly earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that TechnipFMC will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $0.93 to $1.60. For the next financial year, analysts expect that the company will post earnings of $1.59 per share, with EPS estimates ranging from $0.96 to $2.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for TechnipFMC.
TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.38). TechnipFMC had a positive return on equity of 2.11% and a negative net margin of 16.30%. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year.
Several equities analysts have recently commented on FTI shares. TheStreet lowered shares of TechnipFMC from a “b-” rating to a “c” rating in a report on Monday, August 19th. Barclays restated a “hold” rating on shares of TechnipFMC in a report on Wednesday, November 6th. Deutsche Bank started coverage on shares of TechnipFMC in a report on Wednesday, November 27th. They issued a “buy” rating and a $33.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of TechnipFMC from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Berenberg Bank lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $29.00 to $22.50 in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.27.
In other TechnipFMC news, Director Olivier Piou bought 3,000 shares of TechnipFMC stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $19.49 per share, for a total transaction of $58,470.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at $58,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in shares of TechnipFMC by 72.0% in the 2nd quarter. Invesco Ltd. now owns 41,862,229 shares of the oil and gas company’s stock valued at $1,085,906,000 after purchasing an additional 17,526,728 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of TechnipFMC by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,800,533 shares of the oil and gas company’s stock valued at $747,087,000 after purchasing an additional 180,186 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of TechnipFMC by 92.0% in the 2nd quarter. Schroder Investment Management Group now owns 10,117,477 shares of the oil and gas company’s stock valued at $229,494,000 after purchasing an additional 4,847,007 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of TechnipFMC by 10.0% in the 2nd quarter. Platinum Investment Management Ltd. now owns 9,070,608 shares of the oil and gas company’s stock valued at $235,292,000 after purchasing an additional 821,127 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of TechnipFMC by 77.4% in the 2nd quarter. Pzena Investment Management LLC now owns 8,828,033 shares of the oil and gas company’s stock valued at $228,999,000 after purchasing an additional 3,850,758 shares in the last quarter. Institutional investors own 79.87% of the company’s stock.
Shares of FTI stock traded up $0.59 during trading hours on Wednesday, hitting $19.15. The company had a trading volume of 4,188,081 shares, compared to its average volume of 3,880,067. The company’s fifty day moving average is $20.63 and its 200 day moving average is $23.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.17 and a quick ratio of 1.02. TechnipFMC has a fifty-two week low of $18.20 and a fifty-two week high of $28.57. The stock has a market capitalization of $8.44 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, November 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.72%.
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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