Equities analysts expect that TechnipFMC PLC (NYSE:FTI) will post $3.27 billion in sales for the current quarter, according to Zacks Investment Research. Twenty Six analysts have made estimates for TechnipFMC’s earnings. The lowest sales estimate is $3.07 billion and the highest is $3.52 billion. TechnipFMC reported sales of $3.68 billion in the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 20th.
On average, analysts expect that TechnipFMC will report full-year sales of $12.66 billion for the current year, with estimates ranging from $12.54 billion to $12.77 billion. For the next year, analysts forecast that the firm will post sales of $12.91 billion, with estimates ranging from $11.87 billion to $14.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow TechnipFMC.
TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.07). TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.22 billion.
Several research firms recently commented on FTI. ValuEngine cut TechnipFMC from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Monday, October 29th. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Thursday, August 16th. Credit Suisse Group dropped their price objective on TechnipFMC from $38.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Finally, HSBC raised TechnipFMC from a “reduce” rating to a “hold” rating in a research report on Monday, November 26th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. TechnipFMC currently has a consensus rating of “Hold” and a consensus price target of $36.24.
Hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. raised its stake in shares of TechnipFMC by 270.1% in the second quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock worth $120,000 after buying an additional 2,755 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of TechnipFMC in the second quarter worth about $143,000. Dai Ichi Life Insurance Company Ltd bought a new position in shares of TechnipFMC in the second quarter worth about $210,000. Putnam Investments LLC bought a new position in shares of TechnipFMC in the second quarter worth about $210,000. Finally, Chicago Equity Partners LLC bought a new position in shares of TechnipFMC in the second quarter worth about $239,000. 64.83% of the stock is currently owned by institutional investors.
Shares of TechnipFMC stock traded down $1.05 during trading on Wednesday, hitting $23.51. 3,945,067 shares of the company’s stock traded hands, compared to its average volume of 3,618,512. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.19. TechnipFMC has a 1 year low of $22.39 and a 1 year high of $35.00. The stock has a market capitalization of $10.77 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, November 19th. TechnipFMC’s dividend payout ratio is 10.08%.
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.
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