Q3 2024 EPS Estimates for TechnipFMC plc (NYSE:FTI) Lifted by Analyst

TechnipFMC plc (NYSE:FTI - Free Report) - Atb Cap Markets increased their Q3 2024 EPS estimates for shares of TechnipFMC in a note issued to investors on Tuesday, April 30th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will earn $0.42 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for TechnipFMC's current full-year earnings is $1.15 per share. Atb Cap Markets also issued estimates for TechnipFMC's Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.76 EPS, Q1 2026 earnings at $0.35 EPS and FY2026 earnings at $2.10 EPS.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. The business's quarterly revenue was up 18.9% compared to the same quarter last year.

Several other equities analysts also recently commented on FTI. HSBC downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price objective on the stock. in a report on Friday, February 23rd. Bank of America increased their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a "buy" rating in a report on Monday, April 15th. Barclays raised their price objective on shares of TechnipFMC from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday. Susquehanna upped their target price on TechnipFMC from $27.00 to $34.00 and gave the company a "positive" rating in a research report on Friday, April 26th. Finally, Benchmark reiterated a "buy" rating and set a $30.00 target price on shares of TechnipFMC in a research note on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of "Moderate Buy" and an average price target of $26.72.

TechnipFMC Stock Performance

FTI traded up $0.57 during trading hours on Thursday, reaching $25.93. The company's stock had a trading volume of 2,807,922 shares, compared to its average volume of 4,682,080. The company's 50-day moving average is $24.56 and its 200-day moving average is $21.67. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The firm has a market cap of $11.18 billion, a PE ratio of 55.06 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.16.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Monday, May 20th. TechnipFMC's payout ratio is currently 42.55%.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by insiders.

Hedge Funds Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently modified their holdings of FTI. Inceptionr LLC lifted its position in shares of TechnipFMC by 2.2% during the 4th quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company's stock worth $496,000 after buying an additional 540 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of TechnipFMC by 0.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company's stock worth $2,571,000 after acquiring an additional 660 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of TechnipFMC by 6.8% during the 4th quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company's stock valued at $217,000 after purchasing an additional 683 shares during the last quarter. Janney Capital Management LLC increased its position in TechnipFMC by 2.8% during the 3rd quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company's stock worth $546,000 after purchasing an additional 722 shares in the last quarter. Finally, Dfpg Investments LLC lifted its stake in TechnipFMC by 2.4% in the 4th quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company's stock valued at $623,000 after purchasing an additional 738 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

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.