Benchmark Issues Optimistic Forecast for TechnipFMC Earnings

TechnipFMC plc (NYSE:FTI) – Equities researchers at Benchmark boosted their Q4 2024 earnings per share (EPS) estimates for TechnipFMC in a research report issued on Monday, October 14th. Benchmark analyst K. Hallead now expects that the oil and gas company will post earnings of $0.41 per share for the quarter, up from their previous forecast of $0.37. The consensus estimate for TechnipFMC’s current full-year earnings is $1.37 per share. Benchmark also issued estimates for TechnipFMC’s Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.68 EPS and FY2026 earnings at $2.34 EPS.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis.

Several other equities research analysts have also issued reports on FTI. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Bank of America lifted their price target on TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Susquehanna lifted their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. Finally, Citigroup boosted their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.74.

TechnipFMC Trading Down 3.5 %

Shares of FTI stock opened at $25.61 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $26.21 and a two-hundred day moving average price of $26.21. TechnipFMC has a 12-month low of $18.33 and a 12-month high of $29.85. The firm has a market cap of $11.04 billion, a P/E ratio of 54.49 and a beta of 1.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 735 shares during the period. Creative Planning increased its holdings in TechnipFMC by 22.9% during the 3rd quarter. Creative Planning now owns 21,372 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 3,980 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of TechnipFMC during the 3rd quarter worth approximately $30,000. Oliver Luxxe Assets LLC grew its holdings in shares of TechnipFMC by 25.7% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 194,698 shares of the oil and gas company’s stock worth $5,107,000 after acquiring an additional 39,807 shares during the period. Finally, CWM LLC grew its holdings in shares of TechnipFMC by 1,714.4% during the 3rd quarter. CWM LLC now owns 45,450 shares of the oil and gas company’s stock worth $1,192,000 after acquiring an additional 42,945 shares during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. TechnipFMC’s dividend payout ratio is presently 42.55%.

About TechnipFMC

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.