TechnipFMC plc (FTI) to Issue Quarterly Dividend of $0.05 on June 4th

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, April 22nd, RTT News reports. Shareholders of record on Tuesday, May 20th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, June 4th. This represents a $0.20 annualized dividend and a yield of 0.64%. The ex-dividend date is Tuesday, May 20th.

TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $2.02 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 9.9%.

TechnipFMC Stock Down 0.7%

Shares of FTI stock opened at $31.33 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC has a 1 year low of $22.12 and a 1 year high of $33.45. The firm’s fifty day moving average price is $28.11 and its two-hundred day moving average price is $29.28. The firm has a market capitalization of $13.13 billion, a P/E ratio of 20.61 and a beta of 0.98.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that TechnipFMC will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company’s stock, valued at $3,722,495.85. The trade was a 23.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This represents a 8.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock valued at $1,651,665 in the last quarter. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTI. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. Susquehanna decreased their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Piper Sandler lifted their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. StockNews.com downgraded shares of TechnipFMC from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Barclays lifted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.83.

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.