FY2017 Earnings Estimate for TechnipFMC plc Ordinary Share Issued By Griffin Securities (FTI)
TechnipFMC plc Ordinary Share (NYSE:FTI) – Griffin Securities issued their FY2017 earnings per share (EPS) estimates for TechnipFMC plc Ordinary Share in a research note issued on Monday. Griffin Securities analyst K. Simpson expects that the oil and gas company will earn $1.50 per share for the year. Griffin Securities currently has a “Buy” rating on the stock.
TechnipFMC plc Ordinary Share (NYSE:FTI) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 74.3% compared to the same quarter last year.
Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $28.24 on Wednesday. The stock has a market capitalization of $13,489.17, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 0.94 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a fifty-two week low of $24.53 and a fifty-two week high of $37.09.
Large investors have recently made changes to their positions in the company. Sentry Investment Management LLC grew its holdings in shares of TechnipFMC plc Ordinary Share by 102.0% during the 2nd quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock worth $521,000 after purchasing an additional 9,677 shares in the last quarter. Ninepoint Partners LP acquired a new stake in shares of TechnipFMC plc Ordinary Share during the 3rd quarter worth approximately $307,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of TechnipFMC plc Ordinary Share during the 2nd quarter worth approximately $1,409,000. Nippon Life Insurance Co. grew its holdings in shares of TechnipFMC plc Ordinary Share by 44.0% during the 3rd quarter. Nippon Life Insurance Co. now owns 39,100 shares of the oil and gas company’s stock worth $1,092,000 after purchasing an additional 11,952 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of TechnipFMC plc Ordinary Share by 5.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock worth $1,046,000 after purchasing an additional 1,982 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Monday, November 20th.
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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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