TechnipFMC plc Expected to Post FY2024 Earnings of $1.20 Per Share (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Investment analysts at Griffin Securities upped their FY2024 EPS estimates for TechnipFMC in a research report issued on Monday, April 29th. Griffin Securities analyst K. Simpson now forecasts that the oil and gas company will post earnings of $1.20 per share for the year, up from their prior estimate of $1.15. The consensus estimate for TechnipFMC’s current full-year earnings is $1.15 per share. Griffin Securities also issued estimates for TechnipFMC’s Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $1.75 EPS.

Several other equities research analysts also recently weighed in on the company. Barclays increased their price target on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen lifted their target price on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday. Bank of America increased their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 15th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Susquehanna increased their price objective on TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, TechnipFMC has a consensus rating of “Moderate Buy” and a consensus price target of $26.14.

TechnipFMC Trading Up 0.1 %

Shares of FTI stock opened at $26.61 on Tuesday. The company has a market capitalization of $11.63 billion, a P/E ratio of 56.62 and a beta of 1.65. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $24.35 and its two-hundred day moving average is $21.61. TechnipFMC has a twelve month low of $12.64 and a twelve month high of $27.26.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The company’s quarterly revenue was up 18.9% on a year-over-year basis.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Insider Buying and Selling

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

Institutional Investors Weigh In On TechnipFMC

Hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. acquired a new position in TechnipFMC during the 4th quarter worth $37,976,000. Cerity Partners LLC acquired a new position in TechnipFMC in the fourth quarter worth about $6,836,000. SG Americas Securities LLC increased its holdings in TechnipFMC by 71.1% in the fourth quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company’s stock valued at $3,072,000 after buying an additional 63,378 shares during the last quarter. Syntal Capital Partners LLC acquired a new stake in TechnipFMC during the third quarter valued at approximately $665,000. Finally, Vanguard Group Inc. lifted its holdings in TechnipFMC by 320.3% during the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after buying an additional 30,323,011 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

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.