TechnipFMC (FTI) Projected to Post Quarterly Earnings on Thursday

TechnipFMC (NYSE:FTI) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $2.30 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $28.60 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 18.81 and a beta of 1.52. TechnipFMC has a 1-year low of $21.28 and a 1-year high of $33.45. The firm’s 50-day moving average price is $30.66 and its two-hundred day moving average price is $28.55.

Wall Street Analyst Weigh In

FTI has been the topic of several research analyst reports. Evercore ISI increased their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Citigroup raised their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Barclays raised their target price on shares of TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada began coverage on shares of TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.