Capital One Financial Brokers Lift Earnings Estimates for TechnipFMC plc (NYSE:FTI)

TechnipFMC plc (NYSE:FTI - Free Report) - Equities researchers at Capital One Financial increased their Q1 2024 earnings per share estimates for shares of TechnipFMC in a report released on Tuesday, April 23rd. Capital One Financial analyst D. Becker now expects that the oil and gas company will earn $0.17 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for TechnipFMC's current full-year earnings is $1.15 per share. Capital One Financial also issued estimates for TechnipFMC's Q1 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.51 EPS.

Several other equities analysts have also issued reports on FTI. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Saturday. Susquehanna restated a "positive" rating and issued a $27.00 price objective on shares of TechnipFMC in a report on Monday, April 8th. HSBC cut shares of TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price target for the company. in a research report on Friday, February 23rd. TD Cowen upped their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Finally, Barclays increased their price objective on TechnipFMC from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.34.

TechnipFMC Trading Down 0.5 %

FTI stock traded down $0.12 during mid-day trading on Wednesday, hitting $25.72. 4,702,738 shares of the company were exchanged, compared to its average volume of 4,688,639. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26. The firm has a market capitalization of $11.24 billion, a P/E ratio of 215.14 and a beta of 1.65. The business has a fifty day simple moving average of $23.80 and a 200-day simple moving average of $21.43. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The firm's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share.

Hedge Funds Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTI. Vanguard Group Inc. raised its position in shares of TechnipFMC by 320.3% during the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company's stock worth $809,303,000 after purchasing an additional 30,323,011 shares during the last quarter. Invesco Ltd. raised its holdings in shares of TechnipFMC by 75.7% in the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company's stock worth $263,809,000 after acquiring an additional 5,587,050 shares during the last quarter. American Century Companies Inc. lifted its position in shares of TechnipFMC by 161.9% in the third quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company's stock valued at $108,048,000 after acquiring an additional 3,283,972 shares in the last quarter. Norges Bank acquired a new stake in shares of TechnipFMC during the fourth quarter valued at $61,570,000. Finally, Balyasny Asset Management L.P. increased its position in TechnipFMC by 868.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company's stock worth $63,082,000 after purchasing an additional 2,808,618 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was 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 in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.93% of the stock is currently owned by corporate insiders.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. TechnipFMC's dividend payout ratio (DPR) is presently 166.68%.

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.