TechnipFMC plc (NYSE:FTI) Declares Quarterly Dividend of $0.05

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%.

TechnipFMC has decreased its dividend payment by an average of 8.4% per year over the last three years. TechnipFMC has a dividend payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.5%.

TechnipFMC Trading Down 1.8 %

NYSE FTI opened at $25.15 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. The firm’s fifty day moving average price is $26.16 and its 200 day moving average price is $26.19. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 53.51 and a beta of 1.50. TechnipFMC has a 12 month low of $18.33 and a 12 month high of $29.85.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The company’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, sell-side analysts expect that TechnipFMC will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FTI has been the topic of a number of recent analyst reports. Susquehanna increased their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Bank of America increased their price target on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets increased their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. Finally, Citigroup increased their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.74.

TechnipFMC declared that its board has approved a share buyback plan on Wednesday, October 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.