FMC Technologies Inc. (FTI) to Release Earnings on Wednesday
FMC Technologies Inc. (NYSE:FTI) is scheduled to announce its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $1.16 billion for the quarter.
Shares of FMC Technologies Inc. (NYSE:FTI) opened at 31.44 on Tuesday. The firm has a market capitalization of $7.09 billion, a P/E ratio of 44.98 and a beta of 1.14. The company has a 50-day moving average price of $29.04 and a 200 day moving average price of $27.78. FMC Technologies Inc. has a one year low of $22.30 and a one year high of $35.93.
In other news, VP Sanjay Bhatia sold 2,800 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $28.44, for a total transaction of $79,632.00. Following the transaction, the vice president now owns 48,943 shares in the company, valued at approximately $1,391,938.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in FMC Technologies by 25.3% in the second quarter. Pacer Advisors Inc. now owns 4,534 shares of the company’s stock valued at $121,000 after buying an additional 916 shares during the last quarter. Euclid Advisors LLC acquired a new stake in shares of FMC Technologies during the second quarter valued at $160,000. Invictus RG raised its stake in shares of FMC Technologies by 1,964.8% in the second quarter. Invictus RG now owns 7,268 shares of the company’s stock valued at $194,000 after buying an additional 6,916 shares during the period. HighTower Advisors LLC raised its stake in shares of FMC Technologies by 0.3% in the second quarter. HighTower Advisors LLC now owns 9,686 shares of the company’s stock valued at $258,000 after buying an additional 32 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of FMC Technologies by 40.2% in the second quarter. Janney Montgomery Scott LLC now owns 11,203 shares of the company’s stock valued at $325,000 after buying an additional 3,212 shares during the period. Institutional investors own 89.61% of the company’s stock.
Several research firms have issued reports on FTI. FBR & Co restated a “hold” rating on shares of FMC Technologies in a research report on Wednesday, July 20th. Seaport Global Securities lowered shares of FMC Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $28.00 in a research report on Thursday, September 22nd. Citigroup Inc. restated a “neutral” rating and issued a $29.00 price target on shares of FMC Technologies in a research report on Saturday, June 25th. Nomura set a $26.00 price target on shares of FMC Technologies and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Finally, Jefferies Group restated a “hold” rating on shares of FMC Technologies in a research report on Sunday, July 10th. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.56.
About FMC Technologies
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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