TechnipFMC plc (NYSE:FTI) Declares Quarterly Dividend of $0.05

TechnipFMC plc (NYSE:FTI - Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Tuesday, May 21st will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, June 5th. 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 has decreased its dividend by an average of 8.4% per year over the last three years. TechnipFMC has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

TechnipFMC Stock Performance

Shares of NYSE FTI traded up $0.44 during mid-day trading on Tuesday, reaching $25.82. 2,581,897 shares of the company's stock were exchanged, compared to its average volume of 4,687,316. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 215.14 and a beta of 1.65. TechnipFMC has a 52 week low of $12.64 and a 52 week 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 firm has a 50-day moving average price of $23.80 and a two-hundred day moving average price of $21.43.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 EPS 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 analysts' expectations of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. Analysts predict that TechnipFMC will post 1.15 EPS for the current year.

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now owns 103,982 shares of the company's stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FTI shares. Barclays boosted 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. Susquehanna restated a "positive" rating and issued a $27.00 price objective on shares of TechnipFMC in a research note on Monday, April 8th. TD Cowen boosted their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. HSBC cut 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. Finally, Bank of America upped their price target on TechnipFMC from $24.00 to $28.50 and gave the company a "buy" rating in a research report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.34.

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.