TechnipFMC (FTI) to Release Quarterly Earnings on Thursday

TechnipFMC (NYSE:FTI) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. TechnipFMC has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts expect TechnipFMC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TechnipFMC Trading Up 0.2 %

Shares of TechnipFMC stock opened at $25.32 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The firm has a fifty day moving average price of $23.30 and a 200 day moving average price of $21.25. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The stock has a market cap of $11.07 billion, a PE ratio of 211.00 and a beta of 1.65.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. TechnipFMC’s dividend payout ratio is currently 166.67%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. TD Cowen upped their price objective on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Barclays upped their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. HSBC downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a research note on Friday, February 23rd. Finally, Susquehanna reissued a “positive” rating and issued a $27.00 price objective on shares of TechnipFMC in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.34.

Insiders Place Their Bets

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

Several large investors have recently made changes to their positions in the business. Harbour Investments Inc. lifted its stake in TechnipFMC by 366.7% during the third quarter. Harbour Investments Inc. now owns 1,400 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 1,100 shares in the last quarter. Captrust Financial Advisors boosted its stake in TechnipFMC by 65.1% during the second quarter. Captrust Financial Advisors now owns 7,461 shares of the oil and gas company’s stock worth $50,000 after buying an additional 2,943 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in TechnipFMC by 199.5% during the third quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company’s stock worth $56,000 after buying an additional 4,404 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in TechnipFMC during the first quarter worth $58,000. Finally, Ethic Inc. acquired a new stake in TechnipFMC during the first quarter worth $107,000. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.