TechnipFMC (NYSE:FTI) – Equities research analysts at Griffin Securities reduced their Q2 2018 EPS estimates for TechnipFMC in a research note issued to investors on Monday, May 14th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.34. Griffin Securities also issued estimates for TechnipFMC’s Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.38 EPS.
Other equities analysts have also recently issued reports about the stock. Susquehanna Bancshares set a $39.00 target price on shares of TechnipFMC and gave the company a “buy” rating in a report on Friday, April 13th. Barclays reaffirmed a “hold” rating and issued a $32.00 target price on shares of TechnipFMC in a report on Tuesday, February 27th. ValuEngine cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DNB Markets raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Finally, Macquarie raised shares of TechnipFMC from a “neutral” rating to an “outperform” rating in a report on Monday, April 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. TechnipFMC currently has a consensus rating of “Hold” and a consensus target price of $33.36.
Shares of NYSE:FTI opened at $34.19 on Thursday. The company has a market cap of $15.48 billion, a PE ratio of 26.50, a P/E/G ratio of 8.41 and a beta of 0.82. The company has a quick ratio of 1.18, a current ratio of 1.28 and a debt-to-equity ratio of 0.28. TechnipFMC has a twelve month low of $24.53 and a twelve month high of $35.00.
TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Wednesday, May 9th. The oil and gas company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.11 billion. TechnipFMC had a return on equity of 4.58% and a net margin of 1.54%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 22nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.52%. TechnipFMC’s dividend payout ratio (DPR) is presently 40.31%.
In other news, Director Richard A. Pattarozzi sold 18,500 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $30.83, for a total transaction of $570,355.00. Following the transaction, the director now directly owns 80,581 shares of the company’s stock, valued at approximately $2,484,312.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dianne B. Ralston sold 16,650 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $29.99, for a total transaction of $499,333.50. Following the transaction, the executive vice president now directly owns 105,105 shares in the company, valued at $3,152,098.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,150 shares of company stock worth $1,429,809. Corporate insiders own 0.86% of the company’s stock.
Several large investors have recently bought and sold shares of FTI. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of TechnipFMC by 153.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,949 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 2,392 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in shares of TechnipFMC by 315.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,298 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4,022 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of TechnipFMC in the 1st quarter worth about $206,000. Amalgamated Bank purchased a new stake in shares of TechnipFMC in the 4th quarter worth about $215,000. Finally, Raymond James & Associates purchased a new stake in shares of TechnipFMC in the 4th quarter worth about $221,000. 66.51% of the stock is currently owned by institutional investors and hedge funds.
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through 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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