Q4 2016 EPS Estimates for FMC Technologies Inc. (FTI) Raised by Seaport Global Securities
FMC Technologies Inc. (NYSE:FTI) – Research analysts at Seaport Global Securities upped their Q4 2016 earnings per share estimates for shares of FMC Technologies in a research note issued on Thursday. Seaport Global Securities analyst M. Brown now forecasts that the brokerage will earn $0.26 per share for the quarter, up from their previous estimate of $0.25. Seaport Global Securities currently has a “Neutral” rating and a $28.00 target price on the stock. Seaport Global Securities also issued estimates for FMC Technologies’ Q2 2017 earnings at $0.21 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.94 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.33 EPS and FY2018 earnings at $1.36 EPS.
Other equities analysts also recently issued reports about the company. Jefferies Group reaffirmed a “hold” rating on shares of FMC Technologies in a research report on Sunday, July 10th. FBR & Co cut their target price on FMC Technologies from $28.00 to $27.00 and set a “mkt perform” rating on the stock in a research report on Wednesday, July 27th. Simmons reissued an “overweight” rating and issued a $29.00 target price (up from $27.00) on shares of FMC Technologies in a research report on Monday, July 25th. Nomura set a $26.00 target price on FMC Technologies and gave the company a “hold” rating in a research report on Tuesday, August 16th. Finally, Howard Weil cut their target price on FMC Technologies from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Monday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. FMC Technologies presently has a consensus rating of “Hold” and an average target price of $31.56.
Shares of FMC Technologies (NYSE:FTI) traded down 1.61% during trading on Friday, hitting $27.54. The stock had a trading volume of 2,587,176 shares. The firm has a 50 day moving average price of $27.62 and a 200 day moving average price of $27.36. The firm has a market cap of $6.21 billion, a P/E ratio of 39.40 and a beta of 1.22. FMC Technologies has a 12-month low of $22.30 and a 12-month high of $35.93.
FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.08. FMC Technologies had a net margin of 2.99% and a return on equity of 13.44%. The business earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. FMC Technologies’s revenue was down 32.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of FTI. Mizuho Asset Management Co. Ltd. raised its position in shares of FMC Technologies by 187.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,907 shares of the company’s stock worth $104,000 after buying an additional 2,547 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of FMC Technologies by 25.3% in the second quarter. Pacer Advisors Inc. now owns 4,534 shares of the company’s stock worth $121,000 after buying an additional 916 shares in the last quarter. Mycio Wealth Partners LLC raised its position in shares of FMC Technologies by 13.9% in the second quarter. Mycio Wealth Partners LLC now owns 5,742 shares of the company’s stock worth $153,000 after buying an additional 700 shares in the last quarter. Amica Retiree Medical Trust raised its position in shares of FMC Technologies by 105.0% in the second quarter. Amica Retiree Medical Trust now owns 5,962 shares of the company’s stock worth $159,000 after buying an additional 3,053 shares in the last quarter. Finally, Euclid Advisors LLC bought a new position in shares of FMC Technologies during the second quarter worth $160,000. 89.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Sanjay Bhatia sold 2,800 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $28.44, for a total value of $79,632.00. Following the transaction, the vice president now directly owns 48,943 shares of the company’s stock, valued at approximately $1,391,938.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.
About FMC Technologies
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
Receive News & Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.