$0.05 EPS Expected for TechnipFMC plc (NYSE:FTI) This Quarter

Analysts expect TechnipFMC plc (NYSE:FTI – Get Rating) to post earnings per share of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Sixteen analysts have issued estimates for TechnipFMC’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.03. TechnipFMC reported earnings per share of ($0.06) during the same quarter last year, which would indicate a positive year over year growth rate of 183.3%. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that TechnipFMC will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.34. For the next fiscal year, analysts anticipate that the company will report earnings of $0.47 per share, with EPS estimates ranging from $0.27 to $0.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover TechnipFMC.

TechnipFMC (NYSE:FTI – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). TechnipFMC had a negative net margin of 6.58% and a negative return on equity of 3.41%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted ($0.03) EPS.

FTI has been the subject of several analyst reports. Societe Generale raised TechnipFMC from a “hold” rating to a “buy” rating and upped their target price for the company from $7.57 to $10.00 in a report on Tuesday, April 19th. StockNews.com initiated coverage on TechnipFMC in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Kepler Capital Markets raised TechnipFMC from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, February 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.50.

A number of institutional investors have recently made changes to their positions in the stock. AlphaCrest Capital Management LLC lifted its stake in TechnipFMC by 2.8% in the 1st quarter. AlphaCrest Capital Management LLC now owns 66,870 shares of the oil and gas company’s stock worth $518,000 after acquiring an additional 1,832 shares in the last quarter. CAPROCK Group Inc. increased its position in TechnipFMC by 23.3% in the 1st quarter. CAPROCK Group Inc. now owns 13,220 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 2,494 shares during the last quarter. Kestra Advisory Services LLC increased its position in TechnipFMC by 23.1% in the 1st quarter. Kestra Advisory Services LLC now owns 13,669 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 2,563 shares during the last quarter. Poehling Capital Management LLC increased its position in TechnipFMC by 15.5% in the 4th quarter. Poehling Capital Management LLC now owns 24,250 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Pitcairn Co. increased its position in TechnipFMC by 7.8% in the 1st quarter. Pitcairn Co. now owns 48,787 shares of the oil and gas company’s stock worth $378,000 after purchasing an additional 3,513 shares during the last quarter. 88.53% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FTI opened at $7.37 on Friday. TechnipFMC has a 12 month low of $5.55 and a 12 month high of $10.70. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -8.01 and a beta of 1.90. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $7.64 and a 200-day simple moving average of $6.96.

TechnipFMC Company Profile (Get Rating)

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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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