TechnipFMC Q4 EPS Estimate Increased by Griffin Securities

TechnipFMC plc (NYSE:FTI) – Griffin Securities lifted their Q4 2024 earnings per share (EPS) estimates for TechnipFMC in a research report issued on Thursday, October 31st. Griffin Securities analyst K. Simpson now expects that the oil and gas company will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.32. The consensus estimate for TechnipFMC’s current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for TechnipFMC’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.61 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.46 EPS.

A number of other brokerages have also weighed in on FTI. BMO Capital Markets increased their target price on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday. Susquehanna raised their price objective on TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, TD Cowen raised their price objective on TechnipFMC from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and an average price target of $32.41.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $26.28 on Monday. The firm has a market cap of $11.18 billion, a P/E ratio of 17.29 and a beta of 1.51. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC has a 1-year low of $18.33 and a 1-year high of $29.85. The business’s 50 day moving average is $26.12 and its 200-day moving average is $26.19.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oak Thistle LLC lifted its holdings in TechnipFMC by 3.2% during the 2nd quarter. Oak Thistle LLC now owns 13,705 shares of the oil and gas company’s stock worth $358,000 after buying an additional 421 shares during the period. Pallas Capital Advisors LLC lifted its holdings in TechnipFMC by 5.1% during the 2nd quarter. Pallas Capital Advisors LLC now owns 8,901 shares of the oil and gas company’s stock worth $246,000 after buying an additional 433 shares during the period. GAMMA Investing LLC lifted its holdings in TechnipFMC by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after buying an additional 492 shares during the period. Ballentine Partners LLC lifted its holdings in TechnipFMC by 4.8% during the 3rd quarter. Ballentine Partners LLC now owns 11,223 shares of the oil and gas company’s stock worth $294,000 after buying an additional 515 shares during the period. Finally, Creative Planning lifted its holdings in TechnipFMC by 3.2% during the 2nd quarter. Creative Planning now owns 17,392 shares of the oil and gas company’s stock worth $455,000 after buying an additional 546 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th. TechnipFMC’s payout ratio is presently 13.16%.

TechnipFMC declared that its Board of Directors has approved a stock buyback program on Wednesday, October 23rd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.