FMC Technologies, Inc. (FTI) Issues FY14 Earnings Guidance
FMC Technologies, Inc. (NYSE:FTI) updated its FY14 earnings guidance on Wednesday. The company provided EPS guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.81, Stock Ratings News reports. The company issued revenue guidance of $7.8-8.0 billion, compared to the consensus revenue estimate of $7.84 billion.
Shares of FMC Technologies, Inc. (NYSE:FTI) traded down 0.71% on Wednesday, hitting $59.95. 395,008 shares of the company’s stock traded hands. FMC Technologies, Inc. has a 52-week low of $47.58 and a 52-week high of $63.92. The stock’s 50-day moving average is $61.09 and its 200-day moving average is $56.97. The company has a market cap of $14.080 billion and a P/E ratio of 21.96.
FMC Technologies (NYSE:FTI) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.09. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the company posted $0.48 earnings per share. FMC Technologies’s revenue was up 16.2% compared to the same quarter last year. Analysts expect that FMC Technologies, Inc. will post $2.80 EPS for the current fiscal year.
FTI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of FMC Technologies in a research note on Wednesday, July 30th. They now have a $66.00 price target on the stock. On a related note, analysts at Global Hunter Securities raised their price target on shares of FMC Technologies from $67.00 to $73.00 in a research note on Monday, July 28th. Finally, analysts at Credit Suisse reiterated a neutral rating on shares of FMC Technologies in a research note on Thursday, July 24th. They now have a $72.00 price target on the stock, up previously from $60.00. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $68.32.
In other FMC Technologies news, VP Mark Joseph Scott sold 7,355 shares of FMC Technologies stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.43, for a total transaction of $444,462.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
FMC Technologies, Inc designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry.
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