TechnipFMC plc (NYSE:FTI) to Issue $0.05 Quarterly Dividend

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, July 23rd, RTT News reports. Stockholders of record on Tuesday, August 20th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, September 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 20th.

TechnipFMC has decreased its dividend payment by an average of 8.4% annually over the last three years. TechnipFMC has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TechnipFMC to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.9%.

TechnipFMC Stock Up 0.1 %

Shares of NYSE FTI opened at $26.99 on Monday. The firm has a market cap of $11.63 billion, a P/E ratio of 57.43 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10. TechnipFMC has a 1 year low of $17.74 and a 1 year high of $29.85. The firm’s 50 day moving average price is $26.48 and its 200 day moving average price is $24.95.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, sell-side analysts anticipate that TechnipFMC will post 1.22 earnings per share for the current year.

Insider Buying and Selling at TechnipFMC

In other news, CAO David Light sold 5,928 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.68. Following the sale, the chief accounting officer now owns 11,534 shares in the company, valued at approximately $297,692.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

FTI has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 29th. TD Cowen lifted their price target on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of TechnipFMC in a research report on Friday, April 26th. Susquehanna raised their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday, April 28th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus target price of $29.38.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.