Brokers Issue Forecasts for TechnipFMC plc’s Q3 2024 Earnings (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Equities research analysts at Atb Cap Markets lifted their Q3 2024 earnings per share estimates for TechnipFMC in a research report issued on Tuesday, April 30th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.38. The consensus estimate for TechnipFMC’s current full-year earnings is $1.15 per share. Atb Cap Markets also issued estimates for TechnipFMC’s Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.76 EPS, Q1 2026 earnings at $0.35 EPS and FY2026 earnings at $2.10 EPS.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC’s revenue was up 18.9% on a year-over-year basis.

A number of other research firms have also issued reports on FTI. Susquehanna boosted their price objective on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research note on Friday, April 26th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. TD Cowen increased their price target on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of TechnipFMC in a research note on Friday, April 26th. Finally, Barclays increased their price target on shares of TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.72.

TechnipFMC Stock Performance

Shares of FTI stock opened at $25.96 on Thursday. The firm’s 50 day moving average is $24.65 and its 200 day moving average is $21.70. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. TechnipFMC has a 12 month low of $12.77 and a 12 month high of $27.26. The stock has a market capitalization of $11.19 billion, a P/E ratio of 55.23 and a beta of 1.62.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. Xponance Inc. grew its stake in shares of TechnipFMC by 128.1% in the 3rd quarter. Xponance Inc. now owns 34,638 shares of the oil and gas company’s stock worth $705,000 after buying an additional 19,451 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of TechnipFMC by 14.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,994 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 1,674 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TechnipFMC by 17.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,829 shares of the oil and gas company’s stock valued at $1,820,000 after acquiring an additional 13,265 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of TechnipFMC by 50.0% in the 3rd quarter. Mackenzie Financial Corp now owns 836,307 shares of the oil and gas company’s stock worth $16,659,000 after purchasing an additional 278,637 shares during the last quarter. Finally, Calamos Wealth Management LLC bought a new position in TechnipFMC in the 3rd quarter worth about $1,207,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction on 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 directly owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

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.