Q3 2024 EPS Estimates for TechnipFMC plc (NYSE:FTI) Raised by Analyst

TechnipFMC plc (NYSE:FTI) – Equities researchers at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for TechnipFMC in a research report issued on Wednesday, September 25th. Zacks Research analyst N. Choudhury now expects that the oil and gas company will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.35. The consensus estimate for TechnipFMC’s current full-year earnings is $1.34 per share. Zacks Research also issued estimates for TechnipFMC’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $1.31 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.49 EPS, FY2025 earnings at $1.74 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.60 EPS and FY2026 earnings at $2.34 EPS.

A number of other research analysts have also recently commented on FTI. Susquehanna increased their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research note on Friday, July 26th. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup boosted their target price on TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.51.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $25.55 on Friday. TechnipFMC has a one year low of $18.33 and a one year high of $29.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 54.36 and a beta of 1.50. The company’s fifty day moving average price is $26.39 and its 200-day moving average price is $25.98.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the business earned $0.10 earnings per share. TechnipFMC’s revenue for the quarter was up 17.9% compared to the same quarter last year.

Hedge Funds Weigh In On TechnipFMC

A number of hedge funds have recently modified their holdings of FTI. Whittier Trust Co. bought a new position in shares of TechnipFMC during the first quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in TechnipFMC by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 492 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of TechnipFMC in the 2nd quarter worth about $33,000. Quarry LP boosted its stake in shares of TechnipFMC by 76.6% during the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 768 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of TechnipFMC during the second quarter valued at about $51,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 annualized dividend and a yield of 0.78%. TechnipFMC’s payout ratio is currently 42.55%.

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.