TechnipFMC (FTI) Set to Announce Earnings on Thursday

TechnipFMC (NYSE:FTI) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. TechnipFMC has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, analysts expect TechnipFMC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TechnipFMC Stock Performance

Shares of FTI stock opened at $26.48 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. TechnipFMC has a 52 week low of $18.33 and a 52 week high of $29.85. The firm has a 50 day moving average of $26.21 and a 200-day moving average of $26.21. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 56.34 and a beta of 1.50.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. TechnipFMC’s dividend payout ratio is presently 42.55%.

Analyst Upgrades and Downgrades

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

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.