Benchmark Has Bullish Estimate for TechnipFMC Q4 Earnings

TechnipFMC plc (NYSE:FTI) – Analysts at Benchmark boosted their Q4 2024 earnings estimates for shares of TechnipFMC in a research report issued on Monday, October 14th. Benchmark analyst K. Hallead now anticipates that the oil and gas company will post earnings per share of $0.41 for the quarter, up from their prior estimate of $0.37. The consensus estimate for TechnipFMC’s current full-year earnings is $1.37 per share. Benchmark also issued estimates for TechnipFMC’s Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.68 EPS and FY2026 earnings at $2.34 EPS.

Several other research firms have also commented on FTI. BMO Capital Markets lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Bank of America lifted their price target on TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Susquehanna boosted their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Citigroup boosted their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.74.

TechnipFMC Trading Up 0.1 %

Shares of FTI stock opened at $26.52 on Thursday. The stock’s fifty day moving average is $26.22 and its two-hundred day moving average is $26.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10. The firm has a market capitalization of $11.43 billion, a P/E ratio of 56.43 and a beta of 1.50. TechnipFMC has a fifty-two week low of $18.33 and a fifty-two week high of $29.85.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors have recently bought and sold shares of the company. Oak Thistle LLC grew its position in TechnipFMC by 3.2% in the 2nd quarter. Oak Thistle LLC now owns 13,705 shares of the oil and gas company’s stock valued at $358,000 after acquiring an additional 421 shares in the last quarter. Pallas Capital Advisors LLC grew its position in TechnipFMC by 5.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,901 shares of the oil and gas company’s stock valued at $246,000 after acquiring an additional 433 shares in the last quarter. GAMMA Investing LLC grew its position in shares of TechnipFMC by 73.1% during the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after buying an additional 492 shares in the last quarter. Creative Planning grew its position in shares of TechnipFMC by 3.2% during the second quarter. Creative Planning now owns 17,392 shares of the oil and gas company’s stock worth $455,000 after buying an additional 546 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of TechnipFMC by 2.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,963 shares of the oil and gas company’s stock worth $702,000 after buying an additional 616 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s dividend payout ratio is currently 42.55%.

TechnipFMC Company Profile

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.