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

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Tuesday, April 23rd, RTT News reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, May 20th.

TechnipFMC has decreased its dividend payment by an average of 8.4% annually over the last three years. TechnipFMC has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 1.7 %

FTI opened at $25.82 on Wednesday. The firm has a market capitalization of $11.28 billion, a P/E ratio of 215.14 and a beta of 1.65. The firm’s 50 day moving average is $23.80 and its 200-day moving average is $21.43. TechnipFMC has a 52-week low of $12.64 and a 52-week high of $27.26. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Analysts expect that TechnipFMC will post 1.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a research note on Friday, February 23rd. TD Cowen boosted their target price on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Benchmark reiterated a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Barclays boosted their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.34.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is owned by corporate insiders.

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.