Q1 2024 Earnings Estimate for TechnipFMC plc Issued By Capital One Financial (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Equities researchers at Capital One Financial lifted their Q1 2024 EPS estimates for TechnipFMC in a research note issued to investors on Tuesday, April 23rd. Capital One Financial analyst D. Becker now forecasts that the oil and gas company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.16. The consensus estimate for TechnipFMC’s current full-year earnings is $1.15 per share. Capital One Financial also issued estimates for TechnipFMC’s Q1 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.51 EPS.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share.

FTI has been the topic of a number of other research reports. Bank of America raised their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Monday, April 15th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays raised their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Benchmark reiterated a “buy” rating and set a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Finally, TD Cowen lifted their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.34.

TechnipFMC Stock Performance

Shares of TechnipFMC stock opened at $25.82 on Wednesday. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The firm has a market capitalization of $11.28 billion, a P/E ratio of 215.14 and a beta of 1.65. The company’s 50 day moving average price is $23.80 and its two-hundred day moving average price is $21.43.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.77%. TechnipFMC’s payout ratio is 166.68%.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction 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 SEC, which is available at the SEC website. 0.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust bought a new stake in TechnipFMC in the third quarter valued at $29,000. Johnson Financial Group Inc. bought a new stake in shares of TechnipFMC during the fourth quarter worth about $33,000. Quarry LP increased its position in shares of TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 768 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of TechnipFMC during the fourth quarter worth about $45,000. Finally, Systematic Alpha Investments LLC bought a new stake in shares of TechnipFMC during the third quarter worth about $146,000. 96.58% of the stock is owned by institutional investors.

About TechnipFMC

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.