TechnipFMC plc Expected to Post Q3 2024 Earnings of $0.42 Per Share (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Investment analysts at Atb Cap Markets increased their Q3 2024 EPS estimates for shares of TechnipFMC in a research report issued on Tuesday, April 30th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $0.42 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for TechnipFMC’s current full-year earnings is $1.15 per share. Atb Cap Markets also issued estimates for TechnipFMC’s Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.76 EPS, Q1 2026 earnings at $0.35 EPS and FY2026 earnings at $2.10 EPS.

Other analysts have also recently issued reports about the stock. Barclays increased their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen raised their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Bank of America raised their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Monday, April 15th. Susquehanna raised their price objective on shares of TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Finally, StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.72.

TechnipFMC Stock Performance

NYSE FTI opened at $25.35 on Thursday. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.16 and a quick ratio of 0.87. The stock has a market capitalization of $10.93 billion, a PE ratio of 53.94 and a beta of 1.62. The company’s 50 day simple moving average is $24.46 and its two-hundred day simple moving average is $21.65.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The firm’s revenue was up 18.9% compared to the same quarter last year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. TechnipFMC’s dividend payout ratio is presently 42.55%.

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’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 transaction, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new position in TechnipFMC during the third quarter valued at approximately $29,000. Johnson Financial Group Inc. bought a new position in TechnipFMC during the fourth quarter valued at approximately $33,000. Quarry LP lifted its position in TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 768 shares during the period. Harvest Fund Management Co. Ltd bought a new position in TechnipFMC during the fourth quarter valued at approximately $45,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in TechnipFMC by 367.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas company’s stock valued at $89,000 after buying an additional 2,790 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Company Profile

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.