Technip Energies (OTCMKTS:THNPY) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Key Points

• Technip Energies reported quarterly EPS of $0.58, missing analysts’ consensus estimate of $0.63 by $0.05. The company posted a 12.11% return on equity and a 3.67% net margin.
• Shares rose $1.87 to $38.03 during Thursday trading, but remain below the 12-month high of $48.27.
• Analyst sentiment improved, with UBS upgrading the stock to “strong buy,” RBC to “moderate buy,” and Zacks Research to “hold”; the overall consensus rating is “Buy.”

Technip Energies (OTCMKTS:THNPY - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.05), Zacks reports. Technip Energies had a return on equity of 12.11% and a net margin of 3.67%.

Technip Energies Stock Performance

Shares of THNPY stock traded up $1.87 during trading hours on Thursday, reaching $38.03. 10,917 shares of the stock were exchanged, compared to its average volume of 8,130. The business's fifty day moving average is $34.01 and its two-hundred day moving average is $38.68. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Technip Energies has a 12-month low of $30.41 and a 12-month high of $48.27.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group raised shares of Technip Energies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 14th. Zacks Research raised shares of Technip Energies from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Royal Bank Of Canada upgraded shares of Technip Energies from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Technip Energies presently has a consensus rating of "Buy".

Technip Energies Company Profile

Technip Energies N.V. is an engineering and technology company that delivers projects and services for the energy industry. Its activities include project development, engineering, procurement, construction management, technology licensing and consulting for large-scale energy infrastructure.

The company has particular expertise in liquefied natural gas (LNG), including LNG production facilities, floating LNG solutions and related infrastructure. It also works on hydrogen, sustainable chemistry, carbon management and other lower-carbon energy technologies, as well as refining and petrochemical projects.

Technip Energies was established in 2021 following the separation of TechnipFMC's onshore engineering and technology business.

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