TechnipFMC PLC (FTI) Expected to Post Quarterly Sales of $3.26 Billion

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Wall Street brokerages expect TechnipFMC PLC (NYSE:FTI) to announce $3.26 billion in sales for the current quarter, according to Zacks. Twenty Six analysts have made estimates for TechnipFMC’s earnings, with the lowest sales estimate coming in at $3.07 billion and the highest estimate coming in at $3.52 billion. TechnipFMC reported sales of $3.68 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.4%. The firm is expected to issue its next earnings report on Wednesday, February 20th.

On average, analysts expect that TechnipFMC will report full-year sales of $12.66 billion for the current financial year, with estimates ranging from $12.54 billion to $12.77 billion. For the next financial year, analysts forecast that the company will post sales of $12.91 billion, with estimates ranging from $11.87 billion to $14.04 billion. Zacks’ sales averages are an average based on a survey of research firms that cover TechnipFMC.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.22 billion. TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%.

A number of brokerages have weighed in on FTI. ValuEngine lowered shares of TechnipFMC from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Piper Jaffray Companies reiterated a “buy” rating on shares of TechnipFMC in a report on Monday, October 29th. Credit Suisse Group began coverage on shares of TechnipFMC in a report on Tuesday, July 17th. They issued an “outperform” rating and a $38.00 price target on the stock. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, August 16th. Finally, BMO Capital Markets restated a “hold” rating on shares of TechnipFMC in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $36.21.

Large investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased its stake in TechnipFMC by 3.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 66,825 shares of the oil and gas company’s stock worth $2,121,000 after buying an additional 1,970 shares during the period. Daiwa Securities Group Inc. increased its stake in TechnipFMC by 16.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 16,183 shares of the oil and gas company’s stock worth $514,000 after buying an additional 2,311 shares during the period. AMG Funds LLC increased its stake in TechnipFMC by 6.1% during the 2nd quarter. AMG Funds LLC now owns 43,422 shares of the oil and gas company’s stock worth $1,378,000 after buying an additional 2,500 shares during the period. AMG National Trust Bank increased its stake in TechnipFMC by 2.3% during the 2nd quarter. AMG National Trust Bank now owns 119,206 shares of the oil and gas company’s stock worth $3,784,000 after buying an additional 2,649 shares during the period. Finally, Pinebridge Investments L.P. increased its stake in TechnipFMC by 270.1% during the 2nd 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. Institutional investors and hedge funds own 64.73% of the company’s stock.

Shares of FTI traded down $0.35 during mid-day trading on Monday, reaching $25.65. The company had a trading volume of 4,298,889 shares, compared to its average volume of 3,741,451. The firm has a market cap of $12.48 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. TechnipFMC has a fifty-two week low of $25.00 and a fifty-two week high of $35.00. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.31.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Tuesday, November 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, November 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. TechnipFMC’s payout ratio is 20.16%.

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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Earnings History and Estimates for TechnipFMC (NYSE:FTI)

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