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

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

TechnipFMC has decreased its dividend by an average of 8.4% annually over the last three years. TechnipFMC has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of FTI traded up $0.46 during trading hours on Tuesday, hitting $25.84. The stock had a trading volume of 2,493,097 shares, compared to its average volume of 4,685,749. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. The firm has a 50-day moving average price of $23.67 and a 200 day moving average price of $21.39. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 211.43 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. As a group, research analysts anticipate that TechnipFMC will post 1.15 EPS for the current year.

Wall Street Analyst Weigh In

FTI has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Barclays upped their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Benchmark reiterated a “buy” rating and issued a $30.00 target price (up from $25.00) on shares of TechnipFMC in a research report on Monday, April 1st. StockNews.com cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Susquehanna reiterated a “positive” rating and issued a $27.00 target price on shares of TechnipFMC in a research report on Monday, April 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.34.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.93% of the stock is currently owned by insiders.

About TechnipFMC

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.