FMC Technologies Inc. (FTI) to Release Earnings on Wednesday
FMC Technologies Inc. (NYSE:FTI) will be posting its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect FMC Technologies to post earnings of $0.24 per share and revenue of $1.16 billion for the quarter.
FMC Technologies Inc. (NYSE:FTI) opened at 31.44 on Tuesday. FMC Technologies Inc. has a 52-week low of $22.30 and a 52-week high of $35.93. The stock has a market cap of $7.09 billion, a P/E ratio of 44.98 and a beta of 1.14. The stock has a 50 day moving average price of $29.04 and a 200 day moving average price of $27.78.
A number of analysts have recently commented on the company. FBR & Co reiterated a “hold” rating on shares of FMC Technologies in a research report on Wednesday, July 20th. Seaport Global Securities cut FMC Technologies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $28.00 in a research report on Thursday, September 22nd. Citigroup Inc. reiterated a “neutral” rating and set a $29.00 target price on shares of FMC Technologies in a research report on Saturday, June 25th. Nomura set a $26.00 target price on FMC Technologies and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Finally, Jefferies Group reiterated a “hold” rating on shares of FMC Technologies in a research report on Sunday, July 10th. Fifteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.56.
In other FMC Technologies news, VP Sanjay Bhatia sold 2,800 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $28.44, for a total transaction of $79,632.00. Following the transaction, the vice president now owns 48,943 shares of the company’s stock, valued at approximately $1,391,938.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FTI. Pacer Advisors Inc. increased its stake in FMC Technologies by 25.3% in the second quarter. Pacer Advisors Inc. now owns 4,534 shares of the company’s stock worth $121,000 after buying an additional 916 shares during the last quarter. Euclid Advisors LLC purchased a new stake in FMC Technologies during the second quarter worth approximately $160,000. Invictus RG increased its stake in FMC Technologies by 1,964.8% in the second quarter. Invictus RG now owns 7,268 shares of the company’s stock worth $194,000 after buying an additional 6,916 shares during the last quarter. HighTower Advisors LLC increased its stake in FMC Technologies by 0.3% in the second quarter. HighTower Advisors LLC now owns 9,686 shares of the company’s stock worth $258,000 after buying an additional 32 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in FMC Technologies by 40.2% in the second quarter. Janney Montgomery Scott LLC now owns 11,203 shares of the company’s stock worth $325,000 after buying an additional 3,212 shares during the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.
About FMC Technologies
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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