Wall Street brokerages expect that TechnipFMC plc Ordinary Share (NYSE:FTI) will post $3.93 billion in sales for the current quarter, according to Zacks Investment Research. Twenty Two analysts have provided estimates for TechnipFMC plc Ordinary Share’s earnings. The highest sales estimate is $4.22 billion and the lowest is $3.73 billion. TechnipFMC plc Ordinary Share reported sales of $1.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 260.6%. The firm is expected to report its next earnings results on Wednesday, October 18th.

On average, analysts expect that TechnipFMC plc Ordinary Share will report full-year sales of $3.93 billion for the current year, with estimates ranging from $14.64 billion to $16.15 billion. For the next fiscal year, analysts anticipate that the company will report sales of $14.14 billion per share, with estimates ranging from $11.70 billion to $16.77 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for TechnipFMC plc Ordinary Share.

TechnipFMC plc Ordinary Share (NYSE:FTI) last issued its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.80 billion.

FTI has been the topic of several analyst reports. Seaport Global Securities raised shares of TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and raised their price target for the stock from $35.00 to $40.00 in a research note on Thursday, April 20th. ValuEngine cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Scotiabank set a $37.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Monday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $43.00 price target (down from $45.00) on shares of TechnipFMC plc Ordinary Share in a research note on Thursday, June 22nd. Finally, Cowen and Company reaffirmed a “buy” rating and set a $32.00 price target on shares of TechnipFMC plc Ordinary Share in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.78.

TechnipFMC plc Ordinary Share (NYSE FTI) opened at 26.31 on Tuesday. The stock has a market capitalization of $12.28 billion, a P/E ratio of 31.81 and a beta of 0.92. The firm’s 50-day moving average is $27.58 and its 200-day moving average is $30.38. TechnipFMC plc Ordinary Share has a 52 week low of $26.24 and a 52 week high of $36.14.

TechnipFMC plc Ordinary Share declared that its board has approved a stock buyback plan on Wednesday, April 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 135% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In related news, EVP Bradley D. Beitler sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $32.00, for a total value of $384,000.00. Following the transaction, the executive vice president now owns 87,886 shares in the company, valued at $2,812,352. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Maryann T. Mannen sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $29.20, for a total transaction of $189,800.00. Following the completion of the transaction, the chief financial officer now owns 309,261 shares in the company, valued at approximately $9,030,421.20. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. raised its position in TechnipFMC plc Ordinary Share by 107.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,817 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 6,131 shares during the last quarter. Nationwide Fund Advisors raised its position in TechnipFMC plc Ordinary Share by 14.7% in the first quarter. Nationwide Fund Advisors now owns 318,739 shares of the oil and gas company’s stock valued at $10,359,000 after buying an additional 40,885 shares during the last quarter. Retirement Systems of Alabama raised its position in TechnipFMC plc Ordinary Share by 104.8% in the first quarter. Retirement Systems of Alabama now owns 225,543 shares of the oil and gas company’s stock valued at $7,330,000 after buying an additional 115,437 shares during the last quarter. Oakbrook Investments LLC raised its position in TechnipFMC plc Ordinary Share by 24.9% in the first quarter. Oakbrook Investments LLC now owns 14,300 shares of the oil and gas company’s stock valued at $465,000 after buying an additional 2,850 shares during the last quarter. Finally, Johanson Financial Advisors Inc. acquired a new position in TechnipFMC plc Ordinary Share during the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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TechnipFMC plc Ordinary Share Company Profile

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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Earnings History and Estimates for TechnipFMC plc Ordinary Share (NYSE:FTI)

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