TechnipFMC plc to Issue Quarterly Dividend of $0.05 (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

TechnipFMC has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $3.49 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 5.7%.

TechnipFMC Stock Performance

Shares of TechnipFMC stock opened at $73.98 on Wednesday. The stock’s 50-day moving average is $69.53 and its 200-day moving average is $66.66. TechnipFMC has a one year low of $34.27 and a one year high of $77.92. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 1.58 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. Equities analysts predict that TechnipFMC will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Weiss Ratings raised shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 14th. Barclays upped their price target on shares of TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. Finally, Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of “Moderate Buy” and an average price target of $69.64.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.