TechnipFMC plc (NYSE:FTI – Free Report) – Stock analysts at Griffin Securities increased their Q4 2024 earnings per share estimates for shares of TechnipFMC in a research report issued to clients and investors on Thursday, October 31st. Griffin Securities analyst K. Simpson now forecasts that the oil and gas company will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.32. The consensus estimate for TechnipFMC’s current full-year earnings is $1.42 per share. Griffin Securities also issued estimates for TechnipFMC’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.61 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.46 EPS.
TechnipFMC (NYSE:FTI – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.25. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS.
View Our Latest Research Report on TechnipFMC
TechnipFMC Stock Performance
Shares of FTI stock opened at $26.39 on Monday. TechnipFMC has a 1-year low of $18.33 and a 1-year high of $29.85. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 17.36 and a beta of 1.51. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $26.12 and its 200-day simple moving average is $26.20.
Hedge Funds Weigh In On TechnipFMC
Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of TechnipFMC by 8.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after purchasing an additional 3,259,348 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of TechnipFMC by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 40,049,860 shares of the oil and gas company’s stock valued at $1,005,652,000 after purchasing an additional 134,880 shares during the period. Hardman Johnston Global Advisors LLC lifted its stake in TechnipFMC by 13.5% in the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company’s stock valued at $236,482,000 after purchasing an additional 1,071,103 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in TechnipFMC by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,733,621 shares of the oil and gas company’s stock worth $228,384,000 after buying an additional 204,435 shares during the last quarter. Finally, Anomaly Capital Management LP lifted its position in shares of TechnipFMC by 50.3% in the second quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company’s stock valued at $89,429,000 after buying an additional 1,144,087 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.
TechnipFMC declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
TechnipFMC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. TechnipFMC’s dividend payout ratio is 13.16%.
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.
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