TechnipFMC plc (NYSE:FTI) Expected to Earn Q3 2024 Earnings of $0.39 Per Share

TechnipFMC plc (NYSE:FTI) – Stock analysts at Atb Cap Markets lowered their Q3 2024 EPS estimates for shares of TechnipFMC in a report issued on Thursday, July 25th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will earn $0.39 per share for the quarter, down from their previous estimate of $0.42. The consensus estimate for TechnipFMC’s current full-year earnings is $1.20 per share. Atb Cap Markets also issued estimates for TechnipFMC’s Q4 2024 earnings at $0.35 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.52 EPS, FY2025 earnings at $1.82 EPS, Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.61 EPS and FY2026 earnings at $2.16 EPS.

FTI has been the subject of a number of other research reports. 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 report on Monday, April 29th. Piper Sandler increased their target price on shares of TechnipFMC from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Citigroup increased their target price on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Finally, Benchmark restated a “buy” rating and set a $30.00 price target on shares of TechnipFMC in a research note on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $28.62.

TechnipFMC Stock Down 1.2 %

Shares of NYSE:FTI opened at $29.01 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10. The company has a market cap of $12.42 billion, a PE ratio of 61.71 and a beta of 1.52. TechnipFMC has a 52 week low of $17.51 and a 52 week high of $29.58. The firm has a 50 day simple moving average of $26.13 and a 200 day simple moving average of $24.29.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. TechnipFMC’s payout ratio is presently 42.55%.

Insider Activity at TechnipFMC

In other TechnipFMC news, CAO David Light sold 5,928 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.68. Following the completion of the sale, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at approximately $297,692.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of TechnipFMC

Hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. bought a new stake in TechnipFMC in the 4th quarter valued at $830,000. Norden Group LLC boosted its holdings in TechnipFMC by 2,899.1% in the 1st quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock valued at $9,514,000 after purchasing an additional 366,266 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of TechnipFMC during the 4th quarter worth about $37,976,000. Cerity Partners LLC bought a new position in shares of TechnipFMC during the 4th quarter worth about $6,836,000. Finally, Natixis Advisors L.P. lifted its holdings in shares of TechnipFMC by 198.2% during the 4th quarter. Natixis Advisors L.P. now owns 160,804 shares of the oil and gas company’s stock worth $3,238,000 after acquiring an additional 106,884 shares during the period. 96.58% of the stock is owned by institutional investors.

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.