TechnipFMC plc (NYSE:FTI - Free Report) - Equities research analysts at Atb Cap Markets upped their Q2 2024 earnings per share estimates for TechnipFMC in a note issued to investors on Tuesday, April 30th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will earn $0.33 per share for the quarter, up from their previous estimate of $0.30. The consensus estimate for TechnipFMC's current full-year earnings is $1.15 per share.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.96 billion. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year.
Several other analysts have also issued reports on FTI. HSBC lowered TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price objective on the stock. in a research note on Friday, February 23rd. TD Cowen upped their price objective on TechnipFMC from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Barclays upped their price objective on TechnipFMC from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday. StockNews.com upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Sunday, April 28th. Finally, Susquehanna increased their target price on TechnipFMC from $27.00 to $34.00 and gave the stock a "positive" rating in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.72.
Check Out Our Latest Stock Analysis on TechnipFMC
TechnipFMC Stock Performance
NYSE:FTI traded up $0.03 on Friday, hitting $25.96. The company's stock had a trading volume of 2,153,003 shares, compared to its average volume of 4,652,672. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $24.65 and a two-hundred day moving average of $21.70. The firm has a market capitalization of $11.19 billion, a P/E ratio of 55.23 and a beta of 1.62. TechnipFMC has a one year low of $12.77 and a one year high of $27.26.
TechnipFMC Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. TechnipFMC's dividend payout ratio (DPR) is presently 42.55%.
Insiders Place Their Bets
In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company's stock.
Institutional Investors Weigh In On TechnipFMC
A number of large investors have recently modified their holdings of the business. Whittier Trust Co. acquired a new stake in shares of TechnipFMC during the 1st quarter valued at $29,000. Parkside Financial Bank & Trust bought a new position in TechnipFMC during the 3rd quarter worth $29,000. Johnson Financial Group Inc. bought a new position in TechnipFMC during the 4th quarter worth $33,000. Quarry LP raised its position in TechnipFMC by 76.6% during the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 768 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in TechnipFMC during the 4th quarter worth $45,000. Institutional investors and hedge funds own 96.58% of the company's stock.
About TechnipFMC
(
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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.
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