TechnipFMC plc (FTI) to Issue Quarterly Dividend of $0.05 on September 4th

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Tuesday, July 23rd, RTT News reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, September 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Tuesday, August 20th.

TechnipFMC has decreased its dividend by an average of 8.4% annually over the last three years. TechnipFMC has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TechnipFMC to earn $1.83 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.9%.

TechnipFMC Stock Up 0.1 %

Shares of FTI stock opened at $26.99 on Friday. TechnipFMC has a fifty-two week low of $17.74 and a fifty-two week high of $29.85. The firm has a market capitalization of $11.63 billion, a PE ratio of 57.43 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10. The stock’s 50-day simple moving average is $26.48 and its 200-day simple moving average is $24.91.

TechnipFMC (NYSE:FTI) last issued its 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. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. TechnipFMC’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts expect that TechnipFMC will post 1.22 earnings per share for the current year.

Insider Buying and Selling at TechnipFMC

In other news, CAO David Light sold 5,928 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction of $153,001.68. Following the completion of the sale, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at $297,692.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. TD Cowen boosted their price objective on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, April 26th. Citigroup raised their target price on TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Piper Sandler boosted their price target on TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.38.

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.