TechnipFMC plc Plans Quarterly Dividend of $0.05 (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Tuesday, August 20th will be given a dividend of 0.05 per share by the oil and gas company on Wednesday, September 4th. This represents a $0.20 annualized dividend and a yield of 0.71%.

TechnipFMC has decreased its dividend payment by an average of 8.4% per year over the last three years. TechnipFMC has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Analysts expect TechnipFMC to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.24 during trading on Tuesday, hitting $28.25. The stock had a trading volume of 2,968,176 shares, compared to its average volume of 4,137,580. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. TechnipFMC has a 12-month low of $17.20 and a 12-month high of $28.54. The stock has a 50-day simple moving average of $25.90 and a two-hundred day simple moving average of $23.89. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 60.32 and a beta of 1.52.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. TechnipFMC’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts expect that TechnipFMC will post 1.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO David Light sold 5,928 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction of $153,001.68. Following the transaction, the chief accounting officer now directly owns 11,534 shares in the company, valued at $297,692.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on FTI shares. Susquehanna raised their target price on TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Barclays lifted their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Citigroup increased 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 upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Finally, Benchmark reiterated a “buy” rating and issued a $30.00 price objective on shares of TechnipFMC in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $28.55.

TechnipFMC Company Profile

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.