Atb Cap Markets Has Positive View of TechnipFMC Q1 Earnings

TechnipFMC plc (NYSE:FTI - Free Report) - Investment analysts at Atb Cap Markets lifted their Q1 2025 earnings per share estimates for shares of TechnipFMC in a note issued to investors on Thursday, October 24th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings of $0.32 per share for the quarter, up from their prior estimate of $0.28. The consensus estimate for TechnipFMC's current full-year earnings is $1.38 per share.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.25. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. TechnipFMC's revenue for the quarter was up 14.2% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price objective on TechnipFMC from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Thursday, October 10th. StockNews.com upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Monday, October 21st. TD Cowen raised their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday. Barclays boosted their target price on shares of TechnipFMC from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Susquehanna raised their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.65.

TechnipFMC Stock Performance

Shares of TechnipFMC stock traded down $0.40 during trading on Monday, hitting $26.08. 5,341,252 shares of the company's stock were exchanged, compared to its average volume of 4,087,381. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 23.81 and a beta of 1.50. The business has a 50-day simple moving average of $26.13 and a 200-day simple moving average of $26.18. TechnipFMC has a 52-week low of $18.33 and a 52-week high of $29.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10.

Institutional Trading of TechnipFMC

Several large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of TechnipFMC by 8.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company's stock worth $1,019,337,000 after buying an additional 3,259,348 shares in the last quarter. Vanguard Group Inc. lifted its stake in TechnipFMC by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 40,049,860 shares of the oil and gas company's stock worth $1,005,652,000 after purchasing an additional 134,880 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TechnipFMC by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,733,621 shares of the oil and gas company's stock worth $228,384,000 after purchasing an additional 204,435 shares during the last quarter. Anomaly Capital Management LP grew its position in shares of TechnipFMC by 50.3% in the second quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company's stock valued at $89,429,000 after purchasing an additional 1,144,087 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in TechnipFMC by 56.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,954,356 shares of the oil and gas company's stock valued at $74,184,000 after buying an additional 1,068,788 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC announced that its Board of Directors has initiated a share buyback program on Wednesday, October 23rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the oil and gas company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 annualized dividend and a yield of 0.77%. TechnipFMC's dividend payout ratio (DPR) is currently 18.35%.

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.