TechnipFMC (FTI) to Release Quarterly Earnings on Thursday

TechnipFMC (NYSE:FTIGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. TechnipFMC has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

TechnipFMC (NYSE:FTIGet Free Report) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. TechnipFMC’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. On average, analysts expect TechnipFMC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TechnipFMC Trading Up 0.2 %

FTI stock opened at $25.32 on Thursday. The company has a market capitalization of $11.07 billion, a PE ratio of 211.00 and a beta of 1.65. TechnipFMC has a one year low of $12.64 and a one year high of $27.26. The company’s 50 day moving average price is $23.30 and its two-hundred day moving average price is $21.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.79%. The ex-dividend date was Monday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is currently 166.67%.

Wall Street Analyst Weigh In

FTI has been the subject of several recent research reports. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective for the company. in a research report on Friday, February 23rd. Barclays lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. ATB Capital set a $30.00 price target on TechnipFMC and gave the stock an “outperform” rating in a research report on Friday, December 22nd. TD Cowen boosted their target price on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Susquehanna reissued a “positive” rating and issued a $27.00 target price on shares of TechnipFMC in a research report on Monday, April 8th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.34.

Get Our Latest Stock Report on FTI

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now directly owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

A number of institutional investors have recently added to or reduced their stakes in FTI. BlackRock Inc. lifted its position in TechnipFMC by 87.8% during the second quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company’s stock worth $330,224,000 after buying an additional 9,287,344 shares in the last quarter. Alliancebernstein L.P. raised its position in TechnipFMC by 68,732.1% in the fourth quarter. Alliancebernstein L.P. now owns 7,053,918 shares of the oil and gas company’s stock valued at $85,987,000 after purchasing an additional 7,043,670 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of TechnipFMC by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company’s stock valued at $718,398,000 after buying an additional 5,888,998 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of TechnipFMC by 365.6% in the 1st quarter. Balyasny Asset Management L.P. now owns 3,900,227 shares of the oil and gas company’s stock valued at $53,238,000 after buying an additional 3,062,530 shares during the period. Finally, State Street Corp raised its holdings in shares of TechnipFMC by 63.7% in the 2nd quarter. State Street Corp now owns 7,736,649 shares of the oil and gas company’s stock valued at $128,583,000 after buying an additional 3,010,687 shares during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Company Profile

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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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Earnings History for TechnipFMC (NYSE:FTI)

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