Q2 2024 EPS Estimates for TechnipFMC plc (NYSE:FTI) Lifted by Analyst

TechnipFMC plc (NYSE:FTI - Free Report) - Equities research analysts at Capital One Financial increased their Q2 2024 earnings per share (EPS) estimates for shares of TechnipFMC in a research report issued on Tuesday, April 23rd. Capital One Financial analyst D. Becker now forecasts that the oil and gas company will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.30. The consensus estimate for TechnipFMC's current full-year earnings is $1.15 per share. Capital One Financial also issued estimates for TechnipFMC's FY2024 earnings at $1.16 EPS, Q2 2025 earnings at $0.49 EPS and FY2025 earnings at $1.88 EPS.

FTI has been the topic of a number of other reports. Benchmark reissued a "buy" rating and issued a $30.00 target price (up from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. TD Cowen boosted their target price on shares of TechnipFMC from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Susquehanna reiterated a "positive" rating and issued a $27.00 price objective on shares of TechnipFMC in a research report on Monday, April 8th. Barclays raised their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Finally, StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Saturday, April 20th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, TechnipFMC has an average rating of "Moderate Buy" and an average target price of $25.34.

TechnipFMC Price Performance

NYSE FTI traded up $0.87 on Thursday, hitting $26.59. The company had a trading volume of 8,379,233 shares, compared to its average volume of 4,734,771. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26. 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 company's fifty day moving average price is $23.93 and its 200-day moving average price is $21.46. The company has a market capitalization of $11.62 billion, a PE ratio of 214.27 and a beta of 1.65.

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, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently bought and sold shares of FTI. Parkside Financial Bank & Trust acquired a new position in shares of TechnipFMC during the third quarter valued at $29,000. Johnson Financial Group Inc. bought a new stake in shares of TechnipFMC during the fourth quarter valued at approximately $33,000. Quarry LP increased its position in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company's stock valued at $36,000 after acquiring an additional 768 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in TechnipFMC during the 4th quarter valued at $45,000. Finally, Systematic Alpha Investments LLC acquired a new position in TechnipFMC during the 3rd quarter worth $146,000. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Activity

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the sale, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.06% of the company's stock.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. TechnipFMC's dividend payout ratio is currently 166.68%.

About TechnipFMC

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.