TechnipFMC plc (NYSE:FTI) Declares $0.05 Quarterly Dividend

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, May 20th.

TechnipFMC has decreased its dividend payment by an average of 8.4% annually over the last three years. TechnipFMC has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

TechnipFMC Price Performance

NYSE FTI traded up $0.46 on Tuesday, reaching $25.84. The company had a trading volume of 2,493,097 shares, compared to its average volume of 4,685,749. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.30 billion, a PE ratio of 211.43 and a beta of 1.65. TechnipFMC has a 12 month low of $12.64 and a 12 month high of $27.26. The firm’s 50 day moving average price is $23.67 and its 200 day moving average price is $21.39.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the business posted ($0.05) earnings per share. TechnipFMC’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, equities analysts predict that TechnipFMC will post 1.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Susquehanna reissued a “positive” rating and issued a $27.00 target price on shares of TechnipFMC in a report on Monday, April 8th. Benchmark reaffirmed a “buy” rating and issued a $30.00 target price (up from $25.00) on shares of TechnipFMC in a research report on Monday, April 1st. Barclays lifted their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, TD Cowen boosted their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.34.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the transaction, the director now directly owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.93% of the company’s stock.

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.