TechnipFMC plc (FTI) To Go Ex-Dividend on May 20th

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Tuesday, May 21st will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, May 20th.

TechnipFMC has decreased its dividend by an average of 8.4% per year over the last three years. TechnipFMC has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $1.81 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 11.0%.

TechnipFMC Price Performance

FTI stock opened at $25.71 on Thursday. TechnipFMC has a 52-week low of $12.64 and a 52-week high of $27.26. The stock’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $21.46. 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 $11.24 billion, a price-to-earnings ratio of 214.27 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. Equities research analysts expect that TechnipFMC will post 1.15 EPS for the current year.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s 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 transaction, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Barclays lifted their target price on TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. Finally, Benchmark reiterated a “buy” rating and issued a $30.00 target price (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and an average price target of $25.34.

About TechnipFMC

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.