TechnipFMC plc Ordinary Share (FTI) Expected to Announce Quarterly Sales of $3.84 Billion

Brokerages expect that TechnipFMC plc Ordinary Share (NYSE:FTI) will report sales of $3.84 billion for the current quarter, according to Zacks. Thirty One analysts have provided estimates for TechnipFMC plc Ordinary Share’s earnings, with the lowest sales estimate coming in at $3.65 billion and the highest estimate coming in at $4.02 billion. The business is expected to report its next earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that TechnipFMC plc Ordinary Share will report full-year sales of $3.84 billion for the current year, with estimates ranging from $14.82 billion to $15.39 billion. For the next financial year, analysts forecast that the business will post sales of $12.73 billion per share, with estimates ranging from $11.34 billion to $15.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for TechnipFMC plc Ordinary Share.

A number of equities analysts have weighed in on FTI shares. Morgan Stanley reissued a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, December 6th. Griffin Securities reissued a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research report on Monday, December 4th. Scotiabank set a $33.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Wednesday, November 29th. Tudor Pickering raised shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Finally, Societe Generale started coverage on shares of TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They set a “buy” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.97.

TechnipFMC plc Ordinary Share (NYSE FTI) opened at $29.69 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14. TechnipFMC plc Ordinary Share has a 12-month low of $24.53 and a 12-month high of $35.00.

Hedge funds have recently modified their holdings of the company. Bank of Nova Scotia raised its stake in TechnipFMC plc Ordinary Share by 2.8% during the second 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. Public Employees Retirement Association of Colorado raised its stake in TechnipFMC plc Ordinary Share by 2.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 54,805 shares of the oil and gas company’s stock worth $1,716,000 after acquiring an additional 1,567 shares during the period. Great West Life Assurance Co. Can raised its stake in TechnipFMC plc Ordinary Share by 70.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 1,783 shares during the period. Arizona State Retirement System raised its stake in TechnipFMC plc Ordinary Share by 2.0% during the fourth quarter. Arizona State Retirement System now owns 111,086 shares of the oil and gas company’s stock worth $3,478,000 after acquiring an additional 2,186 shares during the period. Finally, Norinchukin Bank The raised its stake in TechnipFMC plc Ordinary Share by 7.2% during the fourth quarter. Norinchukin Bank The now owns 35,056 shares of the oil and gas company’s stock worth $1,098,000 after acquiring an additional 2,366 shares during the period. 65.96% of the stock is currently owned by institutional investors and hedge funds.

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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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