TechnipFMC (NYSE:FTI) Releases FY 2021 Earnings Guidance

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TechnipFMC (NYSE:FTI) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $6.05 billion-$6.65 billion, compared to the consensus revenue estimate of $6.39 billion.

A number of analysts have issued reports on the company. Berenberg Bank reissued a hold rating on shares of TechnipFMC in a research report on Monday, March 8th. Barclays reissued an equal weight rating and set a $7.00 price objective (down previously from $10.00) on shares of TechnipFMC in a research note on Monday, March 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a neutral rating on shares of TechnipFMC in a research note on Wednesday, March 24th. JPMorgan Chase & Co. boosted their target price on TechnipFMC from $16.00 to $20.00 and gave the company an overweight rating in a research note on Friday, January 8th. Finally, BNP Paribas assumed coverage on TechnipFMC in a report on Monday, March 8th. They set a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $10.18.

TechnipFMC stock opened at $7.82 on Tuesday. The company has a 50 day moving average price of $7.63 and a 200-day moving average price of $8.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 1.10. TechnipFMC has a fifty-two week low of $5.11 and a fifty-two week high of $13.04. The company has a market capitalization of $3.50 billion, a PE ratio of -0.62, a P/E/G ratio of 0.79 and a beta of 2.38.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Tuesday, April 27th. The oil and gas company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.07. TechnipFMC had a negative net margin of 42.41% and a positive return on equity of 1.56%. On average, analysts forecast that TechnipFMC will post 0.36 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Tuesday, February 23rd. Investors of record on Wednesday, February 17th were issued a dividend of $0.13 per share. This represents a yield of 4.54%. The ex-dividend date was Tuesday, February 16th.

A hedge fund recently bought a new stake in TechnipFMC stock. OLD Mission Capital LLC acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,700 shares of the oil and gas company’s stock, valued at approximately $131,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through two segments, Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.

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Earnings History and Estimates for TechnipFMC (NYSE:FTI)

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