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

TechnipFMC plc (NYSE:FTI - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Stockholders of record on Tuesday, May 20th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, June 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, May 20th.

TechnipFMC has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect TechnipFMC to earn $2.02 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 9.9%.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.86 during mid-day trading on Friday, reaching $28.36. The stock had a trading volume of 6,006,081 shares, compared to its average volume of 3,979,967. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The business has a 50 day simple moving average of $27.52 and a 200 day simple moving average of $28.90. TechnipFMC has a twelve month low of $22.12 and a twelve month high of $33.45. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.11.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. On average, analysts expect that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of recent analyst reports. StockNews.com cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays increased their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Susquehanna reduced their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Evercore ISI boosted their target price on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

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.