TechnipFMC plc Ordinary Share (FTI) Expected to Announce Quarterly Sales of $3.84 Billion

Wall Street brokerages expect TechnipFMC plc Ordinary Share (NYSE:FTI) to post $3.84 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Thirty One analysts have made estimates for TechnipFMC plc Ordinary Share’s earnings, with the highest sales estimate coming in at $4.02 billion and the lowest estimate coming in at $3.65 billion. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that TechnipFMC plc Ordinary Share will report full-year sales of $3.84 billion for the current fiscal year, with estimates ranging from $14.82 billion to $15.39 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $12.73 billion per share, with estimates ranging from $11.34 billion to $15.75 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow TechnipFMC plc Ordinary Share.

Several research firms have weighed in on FTI. ValuEngine lowered TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Friday, October 27th. Tudor Pickering raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Societe Generale began coverage on TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They set a “buy” rating and a $38.00 price target on the stock. Finally, HSBC lowered TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 price target on the stock. in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.97.

TechnipFMC plc Ordinary Share (NYSE FTI) traded down $0.06 during trading hours on Tuesday, hitting $29.61. The company’s stock had a trading volume of 2,545,167 shares, compared to its average volume of 3,728,778. TechnipFMC plc Ordinary Share has a 52-week low of $24.53 and a 52-week high of $35.00. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTI. Great West Life Assurance Co. Can boosted its stake in TechnipFMC plc Ordinary Share by 70.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,783 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in TechnipFMC plc Ordinary Share by 153.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,949 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 2,392 shares during the period. Macquarie Group Ltd. bought a new stake in TechnipFMC plc Ordinary Share in the 3rd quarter valued at $190,000. Bank of Nova Scotia Trust Co. bought a new stake in TechnipFMC plc Ordinary Share in the 3rd quarter valued at $192,000. Finally, Amalgamated Bank bought a new stake in TechnipFMC plc Ordinary Share in the 4th quarter valued at $215,000. Institutional investors and hedge funds own 65.96% of the company’s stock.

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About TechnipFMC plc Ordinary Share

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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Earnings History and Estimates for TechnipFMC plc Ordinary Share (NYSE:FTI)

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