TechnipFMC (NYSE:FTI) Releases Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• TechnipFMC reported a quarterly EPS of $0.75, exceeding analysts' expectations of $0.65 by $0.10 and showing a 12.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.05 per share, reflecting an annualized yield of 0.5%, along with the authorization of a $2.00 billion share buyback program.
• TechnipFMC's stock price rose 8.6% following the earnings announcement, with several analysts upgrading their ratings and target prices for the stock.

TechnipFMC (NYSE:FTI - Get Free Report) announced its quarterly earnings data on Thursday. The oil and gas company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.10, Zacks reports. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company's quarterly revenue was up 12.7% compared to the same quarter last year. TechnipFMC updated its FY 2025 guidance to EPS.

TechnipFMC Stock Up 8.6%

Shares of NYSE FTI traded up $3.23 during mid-day trading on Thursday, reaching $40.74. The company had a trading volume of 4,753,330 shares, compared to its average volume of 4,716,868. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $41.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The stock has a market capitalization of $16.74 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04. The stock's 50 day moving average is $37.75 and its 200-day moving average is $33.77.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Tuesday, November 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. TechnipFMC's dividend payout ratio is 9.43%.

TechnipFMC declared that its board has authorized a share buyback program on Wednesday, October 22nd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

FTI has been the subject of a number of recent research reports. BNP Paribas Exane upgraded TechnipFMC from a "neutral" rating to an "outperform" rating and set a $47.00 price objective for the company in a research report on Friday, October 10th. BNP Paribas set a $47.00 target price on shares of TechnipFMC and gave the company an "outperform" rating in a research note on Friday, October 10th. Royal Bank Of Canada boosted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Citigroup reissued a "buy" rating and set a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of "Buy" and a consensus target price of $41.93.

Insider Activity at TechnipFMC

In other news, CFO Alf Melin sold 113,760 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.61, for a total value of $4,392,273.60. Following the transaction, the chief financial officer directly owned 241,140 shares of the company's stock, valued at approximately $9,310,415.40. This represents a 32.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Pferdehirt sold 632,539 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the completion of the transaction, the chief executive officer directly owned 2,917,054 shares in the company, valued at $112,656,625.48. This trade represents a 17.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On TechnipFMC

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 340 shares in the last quarter. Ossiam boosted its holdings in TechnipFMC by 52.0% in the second quarter. Ossiam now owns 1,597 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 546 shares in the last quarter. Headlands Technologies LLC bought a new stake in TechnipFMC in the second quarter worth $70,000. Northwestern Mutual Wealth Management Co. boosted its holdings in TechnipFMC by 132.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,449 shares of the oil and gas company's stock worth $188,000 after purchasing an additional 3,105 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC bought a new stake in TechnipFMC in the second quarter worth $201,000. 96.58% of the stock is currently owned by institutional investors.

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.

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