TechnipFMC (FTI) Forecasted to Post Q2 2018 Earnings of $0.39 Per Share

TechnipFMC (NYSE:FTI) – Capital One lifted their Q2 2018 earnings per share (EPS) estimates for shares of TechnipFMC in a research note issued to investors on Tuesday, May 22nd. Capital One analyst J. Gibney now forecasts that the oil and gas company will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.34. Capital One also issued estimates for TechnipFMC’s Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.41 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.57 EPS.

A number of other research firms have also recently weighed in on FTI. Societe Generale cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. ValuEngine cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Macquarie upgraded shares of TechnipFMC from a “neutral” rating to an “outperform” rating in a research report on Monday, April 23rd. Susquehanna Bancshares set a $39.00 price objective on shares of TechnipFMC and gave the company a “buy” rating in a research report on Friday, April 13th. Finally, Cowen set a $38.00 price objective on shares of TechnipFMC and gave the company a “buy” rating in a research report on Friday, April 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. TechnipFMC currently has an average rating of “Hold” and a consensus price target of $33.36.

Shares of FTI opened at $33.19 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.28. TechnipFMC has a fifty-two week low of $24.53 and a fifty-two week high of $35.00. The firm has a market capitalization of $15.87 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 8.54 and a beta of 0.82.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results 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). TechnipFMC had a return on equity of 4.58% and a net margin of 1.54%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its stake in TechnipFMC by 0.4% in the first quarter. First Eagle Investment Management LLC now owns 34,910,980 shares of the oil and gas company’s stock worth $1,028,128,000 after acquiring an additional 134,289 shares during the period. BlackRock Inc. lifted its stake in TechnipFMC by 2.1% in the first quarter. BlackRock Inc. now owns 22,858,163 shares of the oil and gas company’s stock worth $673,174,000 after acquiring an additional 463,654 shares during the period. Platinum Investment Management Ltd. lifted its stake in TechnipFMC by 6.5% in the first quarter. Platinum Investment Management Ltd. now owns 8,825,500 shares of the oil and gas company’s stock worth $259,910,000 after acquiring an additional 541,000 shares during the period. APG Asset Management N.V. lifted its stake in TechnipFMC by 16.5% in 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 acquiring an additional 1,198,300 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in TechnipFMC by 105.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,261,787 shares of the oil and gas company’s stock worth $125,510,000 after acquiring an additional 2,189,893 shares during the period. 63.87% of the stock is owned by institutional investors.

In other news, EVP Dianne B. Ralston sold 16,650 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $29.99, for a total transaction of $499,333.50. Following the completion of the sale, the executive vice president now directly owns 105,105 shares of the company’s stock, valued at $3,152,098.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard G. Alabaster sold 12,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $30.01, for a total transaction of $360,120.00. Following the sale, the insider now directly owns 54,028 shares of the company’s stock, valued at $1,621,380.28. The disclosure for this sale can be found here. Insiders have sold 47,150 shares of company stock valued at $1,429,809 over the last three months. Insiders own 0.58% of the company’s stock.

The business also recently announced 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, May 21st. TechnipFMC’s dividend payout ratio is currently 40.31%.

TechnipFMC Company Profile

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.

Earnings History and Estimates for TechnipFMC (NYSE:FTI)

Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply