Q4 2018 EPS Estimates for TechnipFMC PLC Decreased by Griffin Securities (FTI)
TechnipFMC PLC (NYSE:FTI) – Analysts at Griffin Securities reduced their Q4 2018 earnings per share estimates for TechnipFMC in a report released on Monday, August 13th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.38. Griffin Securities also issued estimates for TechnipFMC’s FY2020 earnings at $2.05 EPS.
TechnipFMC (NYSE:FTI) last released its 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 during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s revenue for the quarter was down 23.0% on a year-over-year basis.
FTI stock opened at $28.03 on Thursday. 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 twelve month low of $24.53 and a twelve month high of $35.00. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87.
Several institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of TechnipFMC by 5.0% during the first quarter. Envestnet Asset Management Inc. now owns 33,737 shares of the oil and gas company’s stock valued at $995,000 after buying an additional 1,615 shares during the period. AMG Funds LLC grew its stake in TechnipFMC by 4.8% in the first quarter. AMG Funds LLC now owns 40,922 shares of the oil and gas company’s stock valued at $1,205,000 after purchasing an additional 1,857 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in TechnipFMC by 3.0% in the second quarter. Crossmark Global Holdings Inc. now owns 66,825 shares of the oil and gas company’s stock valued at $2,121,000 after purchasing an additional 1,970 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in TechnipFMC by 16.7% in the second quarter. Daiwa Securities Group Inc. now owns 16,183 shares of the oil and gas company’s stock valued at $514,000 after purchasing an additional 2,311 shares during the last quarter. Finally, AMG National Trust Bank grew its stake in TechnipFMC by 2.3% in the second quarter. AMG National Trust Bank now owns 119,206 shares of the oil and gas company’s stock valued at $3,784,000 after purchasing an additional 2,649 shares during the last quarter. Hedge funds and other institutional investors own 64.99% of the company’s stock.
In other news, Director John C. G. Oleary purchased 2,000 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were purchased at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the purchase, the director now owns 12,455 shares in the company, valued at approximately $342,886.15. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.58% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, August 20th. This represents a $0.52 annualized dividend and a dividend yield of 1.86%. TechnipFMC’s dividend payout ratio is currently 40.31%.
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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