TechnipFMC PLC (FTI) Expected to Announce Earnings of $0.30 Per Share

Equities analysts forecast that TechnipFMC PLC (NYSE:FTI) will announce earnings of $0.30 per share for the current quarter, Zacks reports. Twenty Seven analysts have provided estimates for TechnipFMC’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.15. TechnipFMC posted earnings of $0.28 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The company is scheduled to report its next earnings report after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that TechnipFMC will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.65. For the next financial year, analysts forecast that the company will post earnings of $1.47 per share, with EPS estimates ranging from $0.59 to $2.21. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for TechnipFMC.

TechnipFMC (NYSE:FTI) last released its earnings results on Wednesday, February 20th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.46). The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.40 billion. TechnipFMC had a negative net margin of 15.31% and a positive return on equity of 2.94%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS.

Several equities analysts have recently weighed in on FTI shares. Wells Fargo & Co set a $26.00 target price on TechnipFMC and gave the company a “buy” rating in a research report on Friday, February 22nd. Berenberg Bank started coverage on TechnipFMC in a report on Tuesday, February 26th. They set a “buy” rating for the company. BNP Paribas upgraded TechnipFMC from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. Cowen restated a “buy” rating on shares of TechnipFMC in a report on Tuesday, February 26th. Finally, Goldman Sachs Group started coverage on TechnipFMC in a report on Sunday, March 10th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.54.

Hedge funds have recently modified their holdings of the business. CSat Investment Advisory L.P. lifted its holdings in shares of TechnipFMC by 149.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock worth $28,000 after buying an additional 868 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of TechnipFMC by 802.0% in the 1st quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,203 shares during the period. Shine Investment Advisory Services Inc. lifted its holdings in shares of TechnipFMC by 64.2% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 2,070 shares of the oil and gas company’s stock worth $41,000 after buying an additional 809 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of TechnipFMC by 1,834.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 926,996 shares of the oil and gas company’s stock worth $47,000 after buying an additional 879,078 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of TechnipFMC in the 4th quarter worth $121,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Shares of NYSE FTI traded down $0.06 during trading hours on Friday, hitting $24.45. 2,575,058 shares of the company traded hands, compared to its average volume of 4,050,975. The company has a market cap of $11.41 billion, a P/E ratio of 29.82, a P/E/G ratio of 3.04 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.29. TechnipFMC has a 12 month low of $18.20 and a 12 month high of $34.39.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, March 18th. TechnipFMC’s dividend payout ratio is 63.41%.

TechnipFMC Company Profile

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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Earnings History and Estimates for TechnipFMC (NYSE:FTI)

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