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

TechnipFMC plc (NYSE:FTI - Get Free Report) announced a quarterly dividend on Tuesday, July 22nd, RTT News reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.62%.

TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of FTI traded up $0.22 during mid-day trading on Tuesday, hitting $32.41. The company's stock had a trading volume of 6,003,055 shares, compared to its average volume of 4,487,006. TechnipFMC has a 1-year low of $22.11 and a 1-year high of $35.86. The firm has a market capitalization of $13.59 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.10 and a beta of 1.07. The firm has a 50-day simple moving average of $33.04 and a 200 day simple moving average of $30.46. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the firm posted $0.22 EPS. TechnipFMC's revenue was up 9.4% on a year-over-year basis. Analysts predict that TechnipFMC will post 1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On TechnipFMC

An institutional investor recently raised its position in TechnipFMC stock. Geneos Wealth Management Inc. raised its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 45.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,090 shares of the oil and gas company's stock after purchasing an additional 340 shares during the period. Geneos Wealth Management Inc.'s holdings in TechnipFMC were worth $35,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FTI shares. BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Barclays raised their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Wall Street Zen lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Susquehanna lifted their target price on shares of TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a report on Tuesday, July 1st. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC has an average rating of "Moderate Buy" and an average price target of $37.31.

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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