TechnipFMC (NYSE:FTI) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $6.05 billion-$6.65 billion, compared to the consensus revenue estimate of $6.39 billion.
A number of equities analysts have recently issued reports on FTI shares. Berenberg Bank restated a hold rating on shares of TechnipFMC in a research note on Monday, March 8th. Smith Barney Citigroup restated a buy rating on shares of TechnipFMC in a report on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a neutral rating on shares of TechnipFMC in a report on Wednesday, March 24th. Kepler Capital Markets reiterated a hold rating and issued a $8.21 price objective on shares of TechnipFMC in a report on Thursday, February 25th. Finally, Exane BNP Paribas initiated coverage on shares of TechnipFMC in a report on Tuesday, March 2nd. They issued a neutral rating on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company's stock. The company currently has a consensus rating of Hold and a consensus price target of $10.18.
NYSE FTI opened at $7.82 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 0.77. TechnipFMC has a twelve month low of $5.11 and a twelve month high of $13.04. The firm has a market capitalization of $3.50 billion, a PE ratio of -0.62, a P/E/G ratio of 0.79 and a beta of 2.38. The stock's 50 day moving average is $7.63 and its 200 day moving average is $8.68.
TechnipFMC (NYSE:FTI) last released its earnings results on Tuesday, April 27th. The oil and gas company reported ($0.03) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.07. TechnipFMC had a positive return on equity of 1.56% and a negative net margin of 42.41%. On average, research analysts anticipate that TechnipFMC will post 0.36 earnings per share for the current year.
The business also recently announced a dividend, which was paid on Tuesday, February 23rd. Shareholders of record on Wednesday, February 17th were issued a $0.13 dividend. This represents a yield of 4.54%. The ex-dividend date of this dividend was Tuesday, February 16th.
An institutional investor recently bought a new position in TechnipFMC stock. OLD Mission Capital LLC purchased a new position in TechnipFMC plc (NYSE:FTI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,700 shares of the oil and gas company's stock, valued at approximately $131,000. 77.53% of the stock is owned by institutional investors.
TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through two segments, Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.
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