Q1 2024 Earnings Estimate for TechnipFMC plc Issued By Capital One Financial (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) – Stock analysts at Capital One Financial raised their Q1 2024 earnings estimates for shares of TechnipFMC in a research note issued to investors on Tuesday, April 23rd. Capital One Financial analyst D. Becker now expects that the oil and gas company will earn $0.17 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for TechnipFMC’s current full-year earnings is $1.15 per share. Capital One Financial also issued estimates for TechnipFMC’s Q1 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.51 EPS.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year.

FTI has been the topic of several other research reports. Barclays increased their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday. Susquehanna reaffirmed a “positive” rating and set a $27.00 target price on shares of TechnipFMC in a report on Monday, April 8th. Bank of America increased their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, TD Cowen increased their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.34.

TechnipFMC Price Performance

FTI stock opened at $25.82 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The firm’s fifty day moving average is $23.80 and its 200 day moving average is $21.43. The firm has a market cap of $11.28 billion, a P/E ratio of 215.14 and a beta of 1.65.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. TechnipFMC’s dividend payout ratio is 166.68%.

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the sale, the director now directly owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FTI. Parkside Financial Bank & Trust purchased a new position in TechnipFMC during the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. purchased a new position in TechnipFMC during the 4th quarter valued at about $33,000. Quarry LP lifted its position in TechnipFMC by 76.6% during the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 768 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in TechnipFMC during the 4th quarter valued at about $45,000. Finally, Systematic Alpha Investments LLC purchased a new position in TechnipFMC during the 3rd quarter valued at about $146,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

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.