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

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.79%.

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 10.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TechnipFMC to earn $1.90 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 10.5%.

TechnipFMC Trading Down 1.7 %

Shares of FTI traded down $0.44 during mid-day trading on Wednesday, reaching $25.16. 7,214,941 shares of the company’s stock traded hands, compared to its average volume of 4,069,841. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. The stock’s 50-day moving average is $26.18 and its two-hundred day moving average is $26.19. TechnipFMC has a 12 month low of $18.33 and a 12 month high of $29.85. The stock has a market cap of $10.84 billion, a P/E ratio of 54.48 and a beta of 1.50.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. TechnipFMC’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Research analysts forecast that TechnipFMC will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets raised their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. Susquehanna upped their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Citigroup lifted their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Bank of America upped their target price on TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.74.

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.