Capital One Financial Analysts Lift Earnings Estimates for TechnipFMC plc (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Equities research analysts at Capital One Financial upped their Q1 2024 earnings per share (EPS) estimates for TechnipFMC in a report released on Tuesday, April 23rd. Capital One Financial analyst D. Becker now forecasts that the oil and gas company will post earnings of $0.17 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for TechnipFMC’s current full-year earnings is $1.15 per share. Capital One Financial also issued estimates for TechnipFMC’s Q1 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.51 EPS.

TechnipFMC (NYSE:FTI) last posted its quarterly 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. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the business earned ($0.05) EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Bank of America increased their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Susquehanna reiterated a “positive” rating and set a $27.00 target price on shares of TechnipFMC in a research note on Monday, April 8th. TD Cowen boosted their price target on TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a research report on Friday, February 23rd. Finally, Barclays boosted their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, TechnipFMC has an average rating of “Moderate Buy” and an average target price of $25.34.

TechnipFMC Stock Performance

NYSE FTI opened at $25.71 on Wednesday. The stock has a market cap of $11.24 billion, a PE ratio of 214.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. The firm has a 50-day moving average of $23.93 and a 200-day moving average of $21.46. TechnipFMC has a 52-week low of $12.64 and a 52-week high of $27.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FTI. Parkside Financial Bank & Trust acquired a new position in TechnipFMC during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new position in shares of TechnipFMC during the fourth quarter worth $33,000. Quarry LP lifted its stake in shares of TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 768 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of TechnipFMC in the 4th quarter valued at $45,000. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter valued at $146,000. Institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the sale, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.93% of the company’s stock.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.78%. TechnipFMC’s dividend payout ratio is currently 166.68%.

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.