TechnipFMC (FTI) Scheduled to Post Quarterly Earnings on Thursday

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

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. TechnipFMC’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, analysts expect TechnipFMC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $25.37 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. TechnipFMC has a one year low of $12.64 and a one year high of $27.26. The business’s 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $21.39. The stock has a market capitalization of $11.09 billion, a P/E ratio of 211.43 and a beta of 1.65.

TechnipFMC Dividend Announcement

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

Analyst Upgrades and Downgrades

FTI has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. TD Cowen raised their target price on TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna reissued a “positive” rating and set a $27.00 price target on shares of TechnipFMC in a research report on Monday, April 8th. Finally, Bank of America upped their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.34.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.93% of the stock is currently owned by company insiders.

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.