Brokerages Expect TechnipFMC plc Ordinary Share (FTI) to Post $0.44 EPS

Analysts expect TechnipFMC plc Ordinary Share (NYSE:FTI) to post $0.44 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Thirty One analysts have issued estimates for TechnipFMC plc Ordinary Share’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.33. The company is expected to announce its next quarterly earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that TechnipFMC plc Ordinary Share will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.31 to $1.68. For the next fiscal year, analysts anticipate that the business will post earnings of $1.26 per share, with EPS estimates ranging from $0.59 to $1.61. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow TechnipFMC plc Ordinary Share.

A number of equities research analysts recently issued reports on the company. Societe Generale lowered TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Susquehanna Bancshares set a $39.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Friday, January 12th. ValuEngine lowered TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $34.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Goldman Sachs Group lowered TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.97.

Hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC boosted its stake in shares of TechnipFMC plc Ordinary Share by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 96,021 shares of the oil and gas company’s stock worth $2,612,000 after acquiring an additional 3,129 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of TechnipFMC plc Ordinary Share by 220.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,629 shares of the oil and gas company’s stock worth $670,000 after acquiring an additional 16,947 shares during the period. Bank of Nova Scotia boosted its stake in shares of TechnipFMC plc Ordinary Share by 2.8% during the 2nd quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock worth $305,000 after acquiring an additional 300 shares during the period. California State Teachers Retirement System bought a new position in shares of TechnipFMC plc Ordinary Share during the 2nd quarter worth approximately $1,553,000. Finally, Nomura Holdings Inc. bought a new position in shares of TechnipFMC plc Ordinary Share during the 2nd quarter worth approximately $962,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded up $0.04 during trading on Friday, reaching $29.14. The company had a trading volume of 6,496,864 shares, compared to its average volume of 3,650,000. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $35.00. The firm has a market cap of $13,590.00 and a price-to-earnings ratio of -36.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22.

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

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