TechnipFMC (NYSE:FTI) Issues Earnings Results

TechnipFMC (NYSE:FTI) issued its quarterly earnings data on Wednesday. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05), RTT News reports. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.61 billion. TechnipFMC had a net margin of 2.91% and a return on equity of 3.02%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. TechnipFMC updated its FY 2021 guidance to EPS.

Shares of TechnipFMC stock opened at $7.85 on Thursday. The company has a market cap of $3.54 billion, a PE ratio of 27.63 and a beta of 2.26. The stock has a 50-day moving average price of $8.89. TechnipFMC has a 1 year low of $5.11 and a 1 year high of $13.04. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.66.

An institutional investor recently bought a new position in TechnipFMC stock. OLD Mission Capital LLC bought a new stake in shares of TechnipFMC plc (NYSE:FTI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,700 shares of the oil and gas company’s stock, valued at approximately $131,000. 76.58% of the stock is owned by institutional investors.

FTI has been the topic of a number of recent research reports. reaffirmed a “neutral” rating on shares of TechnipFMC in a research report on Wednesday, March 24th. Cowen upped their target price on shares of TechnipFMC from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, June 17th. BTIG Research initiated coverage on shares of TechnipFMC in a research report on Thursday, April 1st. They issued a “buy” rating and a $12.00 target price on the stock. AlphaValue downgraded shares of TechnipFMC from a “buy” rating to a “reduce” rating in a research report on Monday, March 29th. Finally, Morgan Stanley reduced their target price on shares of TechnipFMC from $8.80 to $8.50 and set an “equal weight” rating on the stock in a research report on Friday, April 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. TechnipFMC presently has a consensus rating of “Hold” and an average target price of $10.34.

TechnipFMC Company Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through two segments, Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.

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Earnings History for TechnipFMC (NYSE:FTI)

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