TechnipFMC (FTI) to Release Quarterly Earnings on Thursday

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

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue 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 0.6 %

Shares of NYSE FTI opened at $25.37 on Tuesday. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 211.43 and a beta of 1.65. The firm has a 50-day moving average price of $23.67 and a 200 day moving average price of $21.39.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.79%. TechnipFMC’s dividend payout ratio (DPR) is currently 166.68%.

Insiders Place Their Bets

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FTI. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a research report on Friday, February 23rd. Bank of America boosted their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday. Benchmark restated a “buy” rating and set a $30.00 target price (up from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $27.00 target price on shares of TechnipFMC in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.34.

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.