Analysts Anticipate TechnipFMC (FTI) to Announce $0.33 Earnings Per Share

Wall Street brokerages expect TechnipFMC (NYSE:FTI) to announce earnings of $0.33 per share for the current quarter, according to Zacks Investment Research. Twenty Five analysts have made estimates for TechnipFMC’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.43. TechnipFMC reported earnings per share of $0.71 during the same quarter last year, which would indicate a negative year-over-year growth rate of 53.5%. The company is expected to issue its next earnings results after the market closes on Wednesday, May 9th.

According to Zacks, analysts expect that TechnipFMC will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $0.65 to $1.70. For the next financial year, analysts forecast that the firm will report earnings of $1.47 per share, with EPS estimates ranging from $0.90 to $1.86. Zacks’ EPS averages are a mean average based on a survey of analysts that follow TechnipFMC.

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TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24). TechnipFMC had a net margin of 2.14% and a return on equity of 6.05%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year.

Several equities analysts have issued reports on FTI shares. Cowen set a $35.00 price objective on TechnipFMC and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Wolfe Research started coverage on TechnipFMC in a research report on Wednesday, December 13th. They issued an “outperform” rating for the company. Royal Bank of Canada set a $34.00 price objective on TechnipFMC and gave the company a “buy” rating in a research report on Thursday, December 21st. ValuEngine downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Susquehanna Bancshares set a $39.00 price objective on TechnipFMC and gave the company a “buy” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.64.

In other news, Director Richard A. Pattarozzi sold 18,500 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $30.83, for a total transaction of $570,355.00. Following the completion of the sale, the director now owns 80,581 shares in the company, valued at $2,484,312.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dianne B. Ralston sold 16,650 shares of TechnipFMC stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $29.99, for a total value of $499,333.50. Following the sale, the executive vice president now directly owns 105,105 shares of the company’s stock, valued at $3,152,098.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,150 shares of company stock valued at $1,429,809. 0.86% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of TechnipFMC by 4.7% during the fourth quarter. BlackRock Inc. now owns 22,394,509 shares of the oil and gas company’s stock worth $701,171,000 after purchasing an additional 1,013,425 shares during the period. APG Asset Management N.V. grew its stake in shares of TechnipFMC by 16.5% during the fourth quarter. APG Asset Management N.V. now owns 8,455,789 shares of the oil and gas company’s stock worth $220,479,000 after purchasing an additional 1,198,300 shares during the period. Platinum Investment Management Ltd. grew its stake in shares of TechnipFMC by 4.9% during the fourth quarter. Platinum Investment Management Ltd. now owns 8,284,500 shares of the oil and gas company’s stock worth $259,387,000 after purchasing an additional 385,300 shares during the period. Geode Capital Management LLC grew its stake in shares of TechnipFMC by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,010,482 shares of the oil and gas company’s stock worth $125,259,000 after purchasing an additional 100,175 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of TechnipFMC by 2.5% during the third quarter. Legal & General Group Plc now owns 2,984,096 shares of the oil and gas company’s stock worth $69,782,000 after purchasing an additional 72,858 shares during the period. 66.66% of the stock is owned by institutional investors and hedge funds.

Shares of FTI opened at $29.84 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. TechnipFMC has a 52-week low of $24.53 and a 52-week high of $35.00. The firm has a market capitalization of $13,461.18, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 7.37 and a beta of 0.84.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Tuesday, March 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.74%. TechnipFMC’s payout ratio is currently 40.31%.

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About TechnipFMC

TechnipFMC plc provides technologies, production systems, services, and solutions for the oil and gas industry worldwide. It operates in 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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