TechnipFMC plc Ordinary Share (NYSE:FTI) – Analysts at Capital One Financial boosted their FY2017 earnings estimates for TechnipFMC plc Ordinary Share in a report issued on Monday. Capital One Financial analyst J. Gibney now expects that the oil and gas company will earn $1.59 per share for the year, up from their prior forecast of $1.57. Capital One Financial also issued estimates for TechnipFMC plc Ordinary Share’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.30 EPS and Q3 2018 earnings at $0.34 EPS.

TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.87 billion. TechnipFMC plc Ordinary Share’s revenue for the quarter was up 74.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share.

Several other brokerages have also recently issued reports on FTI. BidaskClub cut shares of TechnipFMC plc Ordinary Share from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Citigroup raised shares of TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $30.00 in a research report on Monday, October 2nd. Scotiabank set a $33.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Wednesday. Piper Jaffray Companies reissued a “buy” rating and set a $31.50 price target on shares of TechnipFMC plc Ordinary Share in a research report on Tuesday, September 26th. Finally, Cowen set a $32.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. TechnipFMC plc Ordinary Share presently has a consensus rating of “Hold” and a consensus target price of $33.03.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded up $1.07 during mid-day trading on Wednesday, reaching $28.64. 7,281,600 shares of the company’s stock traded hands, compared to its average volume of 4,100,220. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $13,360.00 and a price-to-earnings ratio of 22.00. TechnipFMC plc Ordinary Share has a one year low of $24.53 and a one year high of $37.09.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.52 annualized dividend and a yield of 1.82%. TechnipFMC plc Ordinary Share’s dividend payout ratio (DPR) is -65.00%.

Large investors have recently modified their holdings of the stock. GeoSphere Capital Management purchased a new position in TechnipFMC plc Ordinary Share in the third quarter valued at approximately $1,396,000. Moors & Cabot Inc. increased its stake in TechnipFMC plc Ordinary Share by 21.5% in the third quarter. Moors & Cabot Inc. now owns 22,945 shares of the oil and gas company’s stock valued at $640,000 after purchasing an additional 4,055 shares during the last quarter. Sterling Capital Management LLC increased its stake in TechnipFMC plc Ordinary Share by 6.0% in the third quarter. Sterling Capital Management LLC now owns 82,720 shares of the oil and gas company’s stock valued at $2,310,000 after purchasing an additional 4,700 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of TechnipFMC plc Ordinary Share during the third quarter worth approximately $45,311,000. Finally, Bank of Nova Scotia Trust Co. purchased a new position in shares of TechnipFMC plc Ordinary Share during the third quarter worth approximately $192,000. 65.58% of the stock is currently owned by hedge funds and other institutional investors.

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About TechnipFMC plc Ordinary Share

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.

Earnings History and Estimates for TechnipFMC plc Ordinary Share (NYSE:FTI)

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