FY2025 EPS Estimates for TechnipFMC plc (NYSE:FTI) Cut by Analyst

TechnipFMC plc (NYSE:FTI – Get Rating) – Jefferies Financial Group cut their FY2025 earnings per share estimates for shares of TechnipFMC in a report issued on Thursday, May 19th. Jefferies Financial Group analyst M. Wilson now forecasts that the oil and gas company will post earnings of $0.90 per share for the year, down from their previous forecast of $0.93.

A number of other equities analysts have also commented on the stock. Kepler Capital Markets raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, February 28th. StockNews.com started coverage on shares of TechnipFMC in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Societe Generale upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and increased their price objective for the stock from $7.57 to $10.00 in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, TechnipFMC currently has a consensus rating of “Buy” and a consensus price target of $10.50.

NYSE:FTI opened at $7.68 on Friday. TechnipFMC has a 52 week low of $5.55 and a 52 week high of $10.70. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -8.35 and a beta of 1.90. The firm’s 50-day simple moving average is $7.64 and its 200 day simple moving average is $6.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.43.

TechnipFMC (NYSE:FTI – Get Rating) last released its quarterly earnings results 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 return on equity of 3.41% and a negative net margin of 6.58%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted ($0.03) earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in shares of TechnipFMC by 51.1% in the 1st quarter. Van ECK Associates Corp now owns 23,010,341 shares of the oil and gas company’s stock valued at $178,330,000 after acquiring an additional 7,779,683 shares in the last quarter. Franklin Resources Inc. increased its stake in TechnipFMC by 89.0% during the 3rd quarter. Franklin Resources Inc. now owns 16,025,655 shares of the oil and gas company’s stock valued at $120,675,000 after purchasing an additional 7,545,761 shares in the last quarter. Pzena Investment Management LLC increased its stake in TechnipFMC by 29.6% during the 1st quarter. Pzena Investment Management LLC now owns 27,285,730 shares of the oil and gas company’s stock valued at $211,464,000 after purchasing an additional 6,235,651 shares in the last quarter. Brandes Investment Partners LP increased its stake in TechnipFMC by 102.1% during the 1st quarter. Brandes Investment Partners LP now owns 9,487,922 shares of the oil and gas company’s stock valued at $73,531,000 after purchasing an additional 4,793,422 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in TechnipFMC by 4,353.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 4,860,073 shares of the oil and gas company’s stock valued at $37,666,000 after purchasing an additional 4,750,933 shares in the last quarter. Hedge funds and other institutional investors own 88.53% of the company’s stock.

About TechnipFMC (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.

Featured Articles