Brokerages Anticipate TechnipFMC PLC (FTI) to Post $0.39 Earnings Per Share

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Brokerages expect TechnipFMC PLC (NYSE:FTI) to post earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Twenty Six analysts have issued estimates for TechnipFMC’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.49. TechnipFMC reported earnings per share of $0.20 during the same quarter last year, which indicates a positive year over year growth rate of 95%. The firm is scheduled to announce its next earnings results on Wednesday, February 20th.

On average, analysts expect that TechnipFMC will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.53. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $0.81 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow TechnipFMC.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). TechnipFMC had a return on equity of 3.76% and a net margin of 1.42%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.22 billion.

A number of analysts have commented on the company. Guggenheim reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Thursday. BMO Capital Markets reissued a “hold” rating on shares of TechnipFMC in a report on Tuesday. ValuEngine cut TechnipFMC from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Morgan Stanley decreased their price objective on TechnipFMC from $46.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Finally, Barclays decreased their price objective on TechnipFMC from $35.00 to $33.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. TechnipFMC currently has a consensus rating of “Buy” and a consensus price target of $36.21.

Several hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in shares of TechnipFMC by 176,000.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 17,610 shares of the oil and gas company’s stock valued at $550,000 after purchasing an additional 17,600 shares in the last quarter. American International Group Inc. increased its stake in shares of TechnipFMC by 5.3% in the 3rd quarter. American International Group Inc. now owns 155,701 shares of the oil and gas company’s stock valued at $4,866,000 after purchasing an additional 7,897 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of TechnipFMC in the 3rd quarter valued at about $710,000. Janus Henderson Group PLC increased its stake in shares of TechnipFMC by 113.8% in the 3rd quarter. Janus Henderson Group PLC now owns 829,612 shares of the oil and gas company’s stock valued at $25,973,000 after purchasing an additional 441,623 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of TechnipFMC in the 3rd quarter valued at about $7,317,000. 64.73% of the stock is owned by institutional investors and hedge funds.

FTI traded down $0.35 on Friday, reaching $25.65. 4,298,889 shares of the stock were exchanged, compared to its average volume of 3,741,451. TechnipFMC has a fifty-two week low of $25.00 and a fifty-two week high of $35.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a market cap of $12.48 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.03 and a beta of 1.08.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Tuesday, November 20th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. TechnipFMC’s dividend payout ratio (DPR) is presently 20.16%.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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