TechnipFMC (FTI) Projected to Post Quarterly Earnings on Thursday

TechnipFMC (NYSE:FTI) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect TechnipFMC to post earnings of $0.36 per share and revenue of $2.30 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TechnipFMC Trading Down 1.8 %

Shares of NYSE FTI opened at $28.60 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC has a 52-week low of $21.28 and a 52-week high of $33.45. The firm has a 50 day moving average price of $30.66 and a two-hundred day moving average price of $28.55. The stock has a market cap of $12.16 billion, a P/E ratio of 18.81 and a beta of 1.52.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada assumed coverage on shares of TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 price target for the company. TD Cowen restated a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Citigroup upped their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Piper Sandler assumed coverage on shares of TechnipFMC in a research report on Thursday, December 19th. They issued an “overweight” rating and a $39.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $36.15.

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.