Brokerages predict that TechnipFMC plc Ordinary Share (NYSE:FTI) will announce earnings of $0.33 per share for the current quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for TechnipFMC plc Ordinary Share’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.53. TechnipFMC plc Ordinary Share posted earnings per share of $0.22 in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The company is expected to issue its next earnings results after the market closes on Wednesday, April 26th.

According to Zacks, analysts expect that TechnipFMC plc Ordinary Share will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.06 to $2.12. For the next financial year, analysts anticipate that the company will report earnings of $1.39 per share, with EPS estimates ranging from $0.88 to $1.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover TechnipFMC plc Ordinary Share.

A number of research firms have recently weighed in on FTI. Scotiabank set a $40.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Saturday, April 1st. Credit Suisse Group AG began coverage on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, January 25th. They set an “outperform” rating and a $40.00 price target on the stock. Jefferies Group LLC began coverage on shares of TechnipFMC plc Ordinary Share in a research note on Monday, February 6th. They set a “hold” rating and a $34.00 price target on the stock. Sanford C. Bernstein began coverage on shares of TechnipFMC plc Ordinary Share in a research note on Tuesday, January 17th. They set an “underperform” rating and a $27.00 price target on the stock. Finally, BMO Capital Markets set a $37.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a research note on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. TechnipFMC plc Ordinary Share currently has an average rating of “Hold” and a consensus target price of $35.06.

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In related news, Director Peter Mellbye sold 10,140 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $33.02, for a total value of $334,822.80. Following the sale, the director now directly owns 26,547 shares of the company’s stock, valued at approximately $876,581.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard G. Alabaster sold 8,000 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $31.29, for a total transaction of $250,320.00. Following the completion of the sale, the insider now directly owns 60,418 shares in the company, valued at $1,890,479.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,140 shares of company stock worth $1,604,983. 0.86% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus Investment Advisers Inc. purchased a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $178,000. Bessemer Group Inc. raised its position in TechnipFMC plc Ordinary Share by 9,192.9% in the fourth quarter. Bessemer Group Inc. now owns 64,586 shares of the oil and gas company’s stock worth $2,295,000 after buying an additional 63,891 shares during the period. OZ Management LP purchased a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $19,929,000. Asset Management One Co. Ltd. raised its position in TechnipFMC plc Ordinary Share by 1,390.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 515,624 shares of the oil and gas company’s stock worth $18,321,000 after buying an additional 481,039 shares during the period. Finally, Allianz Asset Management AG purchased a new position in TechnipFMC plc Ordinary Share during the fourth quarter worth about $1,738,000. Institutional investors own 91.01% of the company’s stock.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 32.04 on Thursday. The stock has a 50 day moving average of $32.31 and a 200-day moving average of $33.36. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 12.85 and a beta of 1.01. TechnipFMC plc Ordinary Share has a 1-year low of $30.61 and a 1-year high of $36.14.

About TechnipFMC plc Ordinary Share

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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