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

TechnipFMC plc (NYSE:FTI) – Atb Cap Markets boosted their Q3 2024 earnings per share estimates for shares of TechnipFMC in a report released 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 previous 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.

A number of other brokerages also recently weighed in on FTI. TD Cowen boosted 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. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Barclays raised their target price on TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Susquehanna increased their price objective on shares of TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Finally, Benchmark restated a “buy” rating and issued a $30.00 price target on shares of TechnipFMC in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.72.

TechnipFMC Stock Up 0.1 %

FTI stock opened at $25.96 on Thursday. The firm has a fifty day moving average price of $24.65 and a two-hundred day moving average price of $21.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.16 and a quick ratio of 0.87. TechnipFMC has a 1-year low of $12.77 and a 1-year high of $27.26. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 55.23 and a beta of 1.62.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. The business’s revenue was up 18.9% compared to the same quarter last year.

Hedge Funds Weigh In On TechnipFMC

Several hedge funds have recently bought and sold shares of FTI. Parkside Financial Bank & Trust acquired a new position in TechnipFMC in the 3rd quarter valued at $29,000. Whittier Trust Co. bought a new position in TechnipFMC during the first quarter worth $29,000. Johnson Financial Group Inc. acquired a new position in TechnipFMC during the 4th quarter valued at $33,000. Quarry LP grew its position in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 768 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of TechnipFMC in the fourth quarter valued at about $45,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the 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 sale, the director now directly owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by insiders.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given 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 0.77%. TechnipFMC’s dividend payout ratio (DPR) is presently 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.