$3.18 Billion in Sales Expected for TechnipFMC PLC (FTI) This Quarter
Equities research analysts expect TechnipFMC PLC (NYSE:FTI) to report sales of $3.18 billion for the current quarter, according to Zacks. Twenty Six analysts have provided estimates for TechnipFMC’s earnings, with the lowest sales estimate coming in at $2.91 billion and the highest estimate coming in at $3.70 billion. TechnipFMC reported sales of $4.14 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, October 24th.
On average, analysts expect that TechnipFMC will report full year sales of $12.58 billion for the current year, with estimates ranging from $12.03 billion to $14.26 billion. For the next fiscal year, analysts forecast that the business will post sales of $12.77 billion, with estimates ranging from $10.72 billion to $13.71 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover TechnipFMC.
TechnipFMC (NYSE:FTI) last released its earnings results on Wednesday, July 25th. The oil and gas company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.20 billion. TechnipFMC had a return on equity of 4.02% and a net margin of 1.21%. The firm’s quarterly revenue was down 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share.
TechnipFMC stock traded down $0.12 during mid-day trading on Tuesday, reaching $32.42. The stock had a trading volume of 12,781 shares, compared to its average volume of 2,739,537. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.42 and a beta of 0.88. TechnipFMC has a one year low of $24.53 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.17.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, August 20th. TechnipFMC’s dividend payout ratio is currently 20.16%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its stake in TechnipFMC by 270.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock valued at $120,000 after acquiring an additional 2,755 shares during the period. Tower Research Capital LLC TRC bought a new position in TechnipFMC during the 2nd quarter valued at about $143,000. Point72 Asia Hong Kong Ltd lifted its stake in TechnipFMC by 315.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,298 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 4,022 shares during the period. Segall Bryant & Hamill LLC bought a new position in TechnipFMC during the 1st quarter valued at about $206,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new position in TechnipFMC during the 2nd quarter valued at about $210,000. Institutional investors and hedge funds own 64.61% of the company’s stock.
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
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