Analysts predict that TechnipFMC PLC (NYSE:FTI) will report $3.20 billion in sales for the current fiscal quarter, according to Zacks. Twenty Six analysts have issued estimates for TechnipFMC’s earnings, with the lowest sales estimate coming in at $2.91 billion and the highest estimate coming in at $3.99 billion. TechnipFMC reported sales of $4.14 billion during the same quarter last year, which indicates a negative year over year growth rate of 22.7%. The firm is expected to announce its next earnings results after the market closes on Wednesday, October 24th.

On average, analysts expect that TechnipFMC will report full year sales of $12.65 billion for the current fiscal year, with estimates ranging from $12.03 billion to $14.89 billion. For the next year, analysts anticipate that the business will report sales of $12.80 billion per share, with estimates ranging from $10.72 billion to $13.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow TechnipFMC.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). TechnipFMC had a net margin of 1.21% and a return on equity of 4.02%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was down 23.0% compared to the same quarter last year.

Several brokerages have recently weighed in on FTI. Jefferies Financial Group upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, August 16th. Barclays raised their price objective on TechnipFMC from $32.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, August 2nd. BMO Capital Markets raised their price objective on TechnipFMC from $34.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 30th. Credit Suisse Group began coverage on TechnipFMC in a report on Tuesday, July 17th. They issued an “outperform” rating and a $38.00 price objective for the company. Finally, Citigroup cut TechnipFMC from a “buy” rating to a “neutral” rating in a report on Monday, July 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.90.

In related news, EVP Bradley D. Beitler sold 20,000 shares of TechnipFMC stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $30.09, for a total transaction of $601,800.00. Following the completion of the transaction, the executive vice president now owns 73,856 shares in the company, valued at $2,222,327.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. G. Oleary purchased 2,000 shares of TechnipFMC stock in a transaction that occurred on Friday, June 15th. The shares were acquired at an average price of $27.53 per share, with a total value of $55,060.00. Following the acquisition, the director now directly owns 12,455 shares of the company’s stock, valued at approximately $342,886.15. The disclosure for this purchase can be found here. Company insiders own 0.58% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FTI. Wells Fargo & Company MN boosted its holdings in shares of TechnipFMC by 4.2% during the first quarter. Wells Fargo & Company MN now owns 1,383,938 shares of the oil and gas company’s stock worth $40,757,000 after acquiring an additional 55,693 shares during the period. Eagle Global Advisors LLC boosted its holdings in shares of TechnipFMC by 48.3% during the first quarter. Eagle Global Advisors LLC now owns 47,600 shares of the oil and gas company’s stock worth $1,402,000 after acquiring an additional 15,500 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of TechnipFMC during the first quarter worth approximately $493,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of TechnipFMC by 62.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 42,862 shares of the oil and gas company’s stock worth $1,263,000 after acquiring an additional 16,493 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of TechnipFMC by 0.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,438,381 shares of the oil and gas company’s stock worth $42,361,000 after acquiring an additional 11,086 shares during the period. Institutional investors and hedge funds own 64.63% of the company’s stock.

Shares of NYSE FTI traded down $0.31 during mid-day trading on Friday, hitting $29.69. The company had a trading volume of 2,230,000 shares, compared to its average volume of 3,431,296. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.17. TechnipFMC has a one year low of $24.53 and a one year high of $35.00.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Tuesday, August 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Monday, August 20th. TechnipFMC’s payout ratio is currently 20.16%.

About TechnipFMC

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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