TechnipFMC (FTI) Set to Announce Quarterly Earnings on Thursday

TechnipFMC (NYSE:FTI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. TechnipFMC has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business posted ($0.05) EPS. TechnipFMC’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts expect TechnipFMC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TechnipFMC Stock Up 1.7 %

FTI opened at $25.82 on Wednesday. The firm has a 50-day simple moving average of $23.80 and a two-hundred day simple moving average of $21.43. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The company has a market capitalization of $11.28 billion, a PE ratio of 215.14 and a beta of 1.65. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 166.68%.

Wall Street Analyst Weigh In

Several research firms have commented on FTI. TD Cowen increased their price objective on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America increased their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Benchmark reissued a “buy” rating and set a $30.00 price objective (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Finally, Barclays increased their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.34.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now directly owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by corporate insiders.

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.