Q4 2024 Earnings Estimate for TechnipFMC plc (NYSE:FTI) Issued By Benchmark

TechnipFMC plc (NYSE:FTI) – Analysts at Benchmark raised their Q4 2024 EPS estimates for shares of TechnipFMC in a research note issued to investors on Monday, October 14th. Benchmark analyst K. Hallead now expects that the oil and gas company will earn $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.

A number of other research analysts have also issued reports on the stock. Susquehanna raised their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a report on Friday, July 26th. Citigroup lifted their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Bank of America lifted their target price on TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. Finally, BMO Capital Markets increased their price target on TechnipFMC from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, October 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.74.

TechnipFMC Stock Performance

Shares of FTI stock opened at $26.48 on Thursday. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 56.34 and a beta of 1.50. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $26.21 and its 200-day moving average price is $26.21. TechnipFMC has a 12 month low of $18.33 and a 12 month high of $29.85.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating 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 company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the business posted $0.10 EPS. TechnipFMC’s revenue for the quarter was up 17.9% on a year-over-year basis.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s payout ratio is 42.55%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in TechnipFMC in the third quarter valued at $30,000. Whittier Trust Co. acquired a new stake in shares of TechnipFMC in the 1st quarter valued at about $29,000. GAMMA Investing LLC increased its position in TechnipFMC by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 492 shares in the last quarter. ORG Partners LLC acquired a new position in TechnipFMC during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC acquired a new position in TechnipFMC during the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

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.