Zacks Research Analysts Increase Earnings Estimates for TechnipFMC plc (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Stock analysts at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of TechnipFMC in a research note issued to investors on Wednesday, September 25th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will earn $0.36 per share for the quarter, up from their prior estimate of $0.35. The consensus estimate for TechnipFMC’s current full-year earnings is $1.34 per share. Zacks Research also issued estimates for TechnipFMC’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $1.31 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.49 EPS, FY2025 earnings at $1.74 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.60 EPS and FY2026 earnings at $2.34 EPS.

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

A number of other analysts have also recently issued reports on FTI. Citigroup upped their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna upped their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.51.

TechnipFMC Trading Up 1.2 %

FTI opened at $25.56 on Friday. TechnipFMC has a one year low of $18.33 and a one year high of $29.85. The company has a market cap of $11.02 billion, a P/E ratio of 54.38 and a beta of 1.50. 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 business’s 50-day simple moving average is $26.39 and its 200-day simple moving average is $26.01.

Institutional Trading of TechnipFMC

A number of hedge funds have recently added to or reduced their stakes in FTI. Price T Rowe Associates Inc. MD lifted its position in TechnipFMC by 8.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after acquiring an additional 3,259,348 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of TechnipFMC by 868.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock valued at $63,082,000 after buying an additional 2,808,618 shares during the period. Anomaly Capital Management LP lifted its holdings in shares of TechnipFMC by 50.3% in the 2nd quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company’s stock valued at $89,429,000 after buying an additional 1,144,087 shares during the period. TD Asset Management Inc lifted its holdings in shares of TechnipFMC by 182.8% in the 4th quarter. TD Asset Management Inc now owns 1,680,716 shares of the oil and gas company’s stock valued at $33,850,000 after buying an additional 1,086,400 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of TechnipFMC by 56.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,954,356 shares of the oil and gas company’s stock valued at $74,184,000 after buying an additional 1,068,788 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. TechnipFMC’s payout ratio is 42.55%.

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.