TechnipFMC (FTI) to Release Earnings on Thursday

TechnipFMC (NYSE:FTI) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect TechnipFMC to post earnings of $0.36 per share and revenue of $2.30 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $30.78 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC has a twelve month low of $19.48 and a twelve month high of $33.45. The business has a 50-day moving average price of $30.75 and a 200 day moving average price of $28.45. The firm has a market cap of $13.09 billion, a PE ratio of 20.25 and a beta of 1.52.

TechnipFMC declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas company to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Susquehanna lifted their price target on TechnipFMC from $35.00 to $37.00 and gave the company a “positive” rating in a research note on Friday, October 25th. Royal Bank of Canada assumed coverage on TechnipFMC in a research note on Monday, November 18th. They issued an “outperform” rating and a $37.00 price target for the company. The Goldman Sachs Group assumed coverage on TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 price objective for the company. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Barclays boosted their price objective on TechnipFMC from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $36.15.

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.