TechnipFMC PLC (NYSE:FTI) declared a quarterly dividend on Tuesday, July 24th, RTT News reports. Stockholders of record on Tuesday, August 21st will be paid a dividend of 0.13 per share by the oil and gas company on Wednesday, September 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, August 20th.

TechnipFMC has a dividend payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect TechnipFMC to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 34.0%.

Shares of NYSE:FTI opened at $28.03 on Friday. The firm has a market cap of $14.00 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.17 and a current ratio of 1.29. TechnipFMC has a 1 year low of $24.53 and a 1 year high of $35.00.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.20 billion. TechnipFMC had a net margin of 1.21% and a return on equity of 4.02%. The company’s revenue for the quarter was down 23.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. research analysts predict that TechnipFMC will post 1.39 earnings per share for the current fiscal year.

In other news, Director John C. G. Oleary acquired 2,000 shares of TechnipFMC stock in a transaction that occurred on Friday, June 15th. The stock was bought at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the transaction, the director now owns 12,455 shares in the company, valued at $342,886.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on FTI. Credit Suisse Group began coverage on TechnipFMC in a report on Tuesday, July 17th. They set an “outperform” rating and a $38.00 price target on the stock. Exane BNP Paribas began coverage on TechnipFMC in a report on Thursday, June 21st. They set an “underperform” rating on the stock. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday. DNB Markets raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Finally, BNP Paribas downgraded TechnipFMC from a “neutral” rating to an “underperform” rating in a report on Thursday, June 21st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. TechnipFMC presently has an average rating of “Buy” and a consensus target price of $35.28.

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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