$0.30 EPS Expected for TechnipFMC PLC (FTI) This Quarter

Brokerages expect TechnipFMC PLC (NYSE:FTI) to post earnings per share of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Twenty Seven analysts have issued estimates for TechnipFMC’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.15. TechnipFMC posted earnings per share of $0.28 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The business is scheduled to report its next earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that TechnipFMC will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.65. For the next year, analysts anticipate that the company will report earnings of $1.47 per share, with EPS estimates ranging from $0.59 to $2.21. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover TechnipFMC.

TechnipFMC (NYSE:FTI) last issued its earnings results on Wednesday, February 20th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.46). TechnipFMC had a positive return on equity of 2.94% and a negative net margin of 15.31%. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the business earned $0.20 earnings per share. TechnipFMC’s quarterly revenue was down 9.8% on a year-over-year basis.

Several brokerages have weighed in on FTI. Wells Fargo & Co increased their target price on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. ValuEngine raised TechnipFMC from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Morgan Stanley set a $31.00 price target on TechnipFMC and gave the company a “buy” rating in a report on Tuesday, February 26th. Exane BNP Paribas raised TechnipFMC from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of TechnipFMC in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. TechnipFMC presently has a consensus rating of “Buy” and a consensus price target of $32.54.

NYSE FTI traded down $0.07 during trading hours on Friday, hitting $24.44. The company had a trading volume of 173,192 shares, compared to its average volume of 4,070,921. TechnipFMC has a fifty-two week low of $18.20 and a fifty-two week high of $34.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.29 and a quick ratio of 1.15. The firm has a market capitalization of $11.55 billion, a PE ratio of 29.82, a P/E/G ratio of 3.04 and a beta of 1.24.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, March 18th.

A number of large investors have recently added to or reduced their stakes in FTI. CSat Investment Advisory L.P. grew its holdings in TechnipFMC by 149.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 868 shares during the period. Moody National Bank Trust Division boosted 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 acquiring an additional 1,203 shares during the period. Shine Investment Advisory Services Inc. boosted its position in TechnipFMC by 64.2% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 2,070 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 809 shares during the period. Oregon Public Employees Retirement Fund boosted its position in TechnipFMC by 1,834.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 926,996 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 879,078 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in TechnipFMC during the 4th quarter worth about $121,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Company Profile

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.

Further Reading: What is the NASDAQ Stock Market?

Get a free copy of the Zacks research report on TechnipFMC (FTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TechnipFMC (NYSE:FTI)

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.