Analysts expect TechnipFMC PLC (NYSE:FTI) to post sales of $3.53 billion for the current fiscal quarter, Zacks Investment Research reports. Twenty Seven analysts have made estimates for TechnipFMC’s earnings, with the lowest sales estimate coming in at $3.28 billion and the highest estimate coming in at $3.94 billion. TechnipFMC reported sales of $3.14 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.4%. The business is scheduled to announce its next earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that TechnipFMC will report full year sales of $13.42 billion for the current year, with estimates ranging from $13.04 billion to $13.91 billion. For the next financial year, analysts anticipate that the company will post sales of $14.79 billion, with estimates ranging from $13.30 billion to $16.09 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover TechnipFMC.
TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. TechnipFMC had a positive return on equity of 2.76% and a negative net margin of 15.64%. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 16.0% on a year-over-year basis.
A number of equities analysts have weighed in on the company. Citigroup upped their price target on TechnipFMC from $27.40 to $29.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Barclays cut their price objective on TechnipFMC from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, May 15th. Cowen reissued a “buy” rating and issued a $28.00 price objective on shares of TechnipFMC in a report on Thursday, July 11th. TheStreet raised TechnipFMC from a “c+” rating to a “b-” rating in a report on Wednesday, July 10th. Finally, ValuEngine raised TechnipFMC from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $31.28.
NYSE:FTI traded down $0.48 during trading hours on Wednesday, reaching $24.02. 1,435,673 shares of the stock were exchanged, compared to its average volume of 3,530,723. TechnipFMC has a twelve month low of $18.20 and a twelve month high of $32.91. The company has a current ratio of 1.18, a quick ratio of 1.04 and a debt-to-equity ratio of 0.36. The company’s 50 day simple moving average is $25.66. The stock has a market capitalization of $11.32 billion, a PE ratio of 29.29, a PEG ratio of 3.27 and a beta of 1.47.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Monday, August 19th. TechnipFMC’s dividend payout ratio (DPR) is presently 63.41%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Icon Wealth Partners LLC bought a new stake in TechnipFMC in the 1st quarter valued at $28,000. Meeder Asset Management Inc. raised its stake in TechnipFMC by 217.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,344 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 921 shares during the period. Moody National Bank Trust Division increased its position in TechnipFMC by 802.0% during the 1st quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,203 shares during the period. Mizuho Securities Co. Ltd. bought a new position in TechnipFMC during the 2nd quarter worth $39,000. Finally, Royal London Asset Management Ltd. bought a new position in TechnipFMC during the 1st quarter worth $37,000. Institutional investors and hedge funds own 72.32% of the company’s stock.
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
Recommended Story: FAANG Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter.