FMC Technologies, Inc. (NYSE:FTI) declared a quarterly dividend on Wednesday, October 25th, RTT News reports. Shareholders of record on Tuesday, November 21st will be given a dividend of 0.13 per share by the oil and gas company on Friday, December 1st. This represents a $0.52 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Monday, November 20th.
FMC Technologies has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FMC Technologies to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 36.6%.
FMC Technologies (FTI) opened at $26.62 on Friday. The firm has a market capitalization of $12,420.68, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.87 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. FMC Technologies has a 1-year low of $24.53 and a 1-year high of $36.14.
FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. The business’s revenue for the quarter was up 74.3% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. equities research analysts expect that FMC Technologies will post 1.61 earnings per share for the current fiscal year.
A number of brokerages have recently commented on FTI. Seaport Global Securities reiterated a “neutral” rating on shares of FMC Technologies in a report on Thursday, July 27th. BidaskClub cut FMC Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. UBS AG reiterated a “buy” rating and issued a $36.00 target price (down previously from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Citigroup Inc. dropped their target price on FMC Technologies from $34.60 to $29.40 and set a “neutral” rating for the company in a report on Monday, September 18th. Finally, began coverage on FMC Technologies in a report on Monday, September 11th. They issued a “hold” rating and a $26.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.83.
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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