Zacks: Analysts Expect TechnipFMC plc (NYSE:FTI) Will Announce Earnings of -$0.03 Per Share


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Equities analysts predict that TechnipFMC plc (NYSE:FTI) will report earnings per share of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Sixteen analysts have issued estimates for TechnipFMC’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.09). TechnipFMC reported earnings of $0.09 per share during the same quarter last year, which would suggest a negative year over year growth rate of 133.3%. The business is expected to report its next quarterly earnings report on Wednesday, August 4th.

On average, analysts expect that TechnipFMC will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to $0.13. For the next fiscal year, analysts anticipate that the business will post earnings of $0.15 per share, with EPS estimates ranging from ($0.26) to $0.60. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover TechnipFMC.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Tuesday, April 27th. The oil and gas company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. TechnipFMC had a positive return on equity of 1.56% and a negative net margin of 42.41%.

FTI has been the topic of a number of research reports. AlphaValue lowered TechnipFMC from a “buy” rating to a “reduce” rating in a report on Monday, March 29th. Kepler Capital Markets reissued a “hold” rating and issued a $8.21 price objective on shares of TechnipFMC in a report on Thursday, February 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating on shares of TechnipFMC in a report on Wednesday, March 24th. Morgan Stanley dropped their target price on TechnipFMC from $8.80 to $8.50 and set an “equal weight” rating on the stock in a report on Thursday, April 22nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of TechnipFMC in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.18.

Shares of FTI stock traded down $0.02 during mid-day trading on Tuesday, reaching $7.80. The stock had a trading volume of 5,545,394 shares, compared to its average volume of 10,988,429. The business’s fifty day moving average is $7.63 and its 200-day moving average is $8.68. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 0.77. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -0.62, a PEG ratio of 0.79 and a beta of 2.38. TechnipFMC has a 1-year low of $5.11 and a 1-year high of $13.04.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of TechnipFMC in the fourth quarter valued at approximately $134,428,000. Morgan Stanley lifted its position in shares of TechnipFMC by 657.0% in the fourth quarter. Morgan Stanley now owns 2,371,339 shares of the oil and gas company’s stock valued at $22,290,000 after acquiring an additional 2,058,094 shares in the last quarter. Credit Agricole S A lifted its position in shares of TechnipFMC by 53.0% in the fourth quarter. Credit Agricole S A now owns 5,583,950 shares of the oil and gas company’s stock valued at $52,489,000 after acquiring an additional 1,933,844 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of TechnipFMC by 58.8% in the fourth quarter. Schroder Investment Management Group now owns 2,527,026 shares of the oil and gas company’s stock valued at $20,135,000 after acquiring an additional 936,124 shares in the last quarter. Finally, ARGA Investment Management LP lifted its position in shares of TechnipFMC by 16.6% in the first quarter. ARGA Investment Management LP now owns 6,457,874 shares of the oil and gas company’s stock valued at $49,855,000 after acquiring an additional 921,489 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

TechnipFMC Company Profile

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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