TechnipFMC plc (FTI) to Issue Quarterly Dividend of $0.05 on September 2nd

TechnipFMC plc (NYSE:FTI) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, August 18th.

TechnipFMC has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. TechnipFMC has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $3.49 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 5.7%.

TechnipFMC Price Performance

FTI stock opened at $71.77 on Thursday. The stock has a 50-day moving average price of $69.52 and a two-hundred day moving average price of $66.82. TechnipFMC has a 1 year low of $34.27 and a 1 year high of $77.92. The stock has a market cap of $28.61 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.70. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%. Equities analysts forecast that TechnipFMC will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 14th. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. Royal Bank Of Canada boosted their price objective on shares of TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Finally, Piper Sandler lifted their price target on shares of TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.64.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.