Equities analysts predict that TechnipFMC PLC (NYSE:FTI) will post sales of $3.19 billion for the current quarter, according to Zacks. Twenty Seven analysts have made estimates for TechnipFMC’s earnings. The lowest sales estimate is $2.91 billion and the highest is $3.99 billion. TechnipFMC reported sales of $4.14 billion in the same quarter last year, which indicates a negative year over year growth rate of 22.9%. The company is scheduled to announce 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 $12.65 billion for the current year, with estimates ranging from $12.03 billion to $14.89 billion. For the next financial year, analysts forecast that the business will post sales of $12.79 billion per share, with estimates ranging from $10.72 billion to $13.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for TechnipFMC.

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

A number of brokerages have weighed in on FTI. 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 research note on Thursday, August 16th. Barclays upped their price objective on TechnipFMC from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. BMO Capital Markets upped their price objective on TechnipFMC from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, July 30th. Credit Suisse Group assumed coverage on TechnipFMC in a report on Tuesday, July 17th. They set an “outperform” rating and a $38.00 price objective for the company. Finally, Citigroup downgraded 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, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.28.

In related news, Director John C. G. Oleary purchased 2,000 shares of the stock in a transaction that occurred on Friday, June 15th. The stock was purchased at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the acquisition, the director now owns 12,455 shares in the company, valued at $342,886.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in TechnipFMC by 4.2% in the 1st quarter. Wells Fargo & Company MN now owns 1,383,938 shares of the oil and gas company’s stock valued at $40,757,000 after purchasing an additional 55,693 shares in the last quarter. Perpetual Ltd acquired a new stake in TechnipFMC in the 2nd quarter valued at $11,129,000. Precocity Capital LP acquired a new stake in TechnipFMC in the 1st quarter valued at $11,780,000. Essex Investment Management Co. LLC increased its holdings in TechnipFMC by 153.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 46,061 shares of the oil and gas company’s stock valued at $1,462,000 after purchasing an additional 27,919 shares in the last quarter. Finally, Bright Rock Capital Management LLC acquired a new stake in TechnipFMC in the 2nd quarter valued at $635,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Shares of TechnipFMC stock traded up $0.26 during trading hours on Wednesday, reaching $30.28. 2,078,828 shares of the company’s stock were exchanged, compared to its average volume of 3,439,795. TechnipFMC has a 52-week low of $24.53 and a 52-week high of $35.00. The firm has a market cap of $13.96 billion, a PE ratio of 23.47, a P/E/G ratio of 2.24 and a beta of 0.87. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, August 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.72%. TechnipFMC’s payout ratio is 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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Earnings History and Estimates for TechnipFMC (NYSE:FTI)

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