The price of TechnipFMC plc (NYSE: FTI) closed at $24.04 in the last session, up 3.49% from day before closing price of $23.23. In other words, the price has increased by $+0.81 from its previous closing price. On the day, 8030286 shares were traded. FTI stock price reached its highest trading level at $24.28 during the session, while it also had its lowest trading level at $23.31.
Ratios:
We take a closer look at FTI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.11. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 23, 2024, Reiterated its Outperform rating but revised its target price to $28 from $26 previously.
Exane BNP Paribas Downgraded its Outperform to Neutral on November 06, 2023, while the target price for the stock was maintained at $23.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Pferdehirt Douglas J. sold 1,371,235 shares for $21.85 per share. The transaction valued at 29,961,485 led to the insider holds 2,687,307 shares of the business.
Rounce Justin sold 329,469 shares of FTI for $7,205,487 on Mar 04 ’24. The EVP & Chief Technology Officer now owns 406,598 shares after completing the transaction at $21.87 per share. On Mar 04 ’24, another insider, Melin Alf, who serves as the EVP & Chief Financial Officer of the company, sold 251,947 shares for $21.87 each. As a result, the insider received 5,510,081 and left with 147,446 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTI now has a Market Capitalization of 10.41B and an Enterprise Value of 11.41B. As of this moment, TechnipFMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 199.01, and their Forward P/E ratio for the next fiscal year is 13.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 1.46 whereas that against EBITDA is 16.15.
Stock Price History:
Over the past 52 weeks, FTI has reached a high of $23.23, while it has fallen to a 52-week low of $12.04. The 50-Day Moving Average of the stock is 20.26, while the 200-Day Moving Average is calculated to be 19.28.
Shares Statistics:
According to the various share statistics, FTI traded on average about 4.71M shares per day over the past 3-months and 5.64M shares per day over the past 10 days. A total of 432.90M shares are outstanding, with a floating share count of 428.17M. Insiders hold about 1.08% of the company’s shares, while institutions hold 100.23% stake in the company. Shares short for FTI as of Feb 29, 2024 were 10.7M with a Short Ratio of 2.27, compared to 13.43M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.47% and a Short% of Float of 2.89%.
Dividends & Splits
The forward annual dividend rate for FTI is 0.10, which was 0.10 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.43%, it implies a Forward Annual Dividend Yield of 0.83%. The current Payout Ratio is 80.52% for FTI, which recently paid a dividend on Apr 03, 2024 with an ex-dividend date of Mar 18, 2024. Stock splits for the company last occurred on Feb 16, 2021 when the company split stock in a 1344:1000 ratio.
Earnings Estimates
The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.12, while EPS last year was $0. The consensus estimate for the next quarter is $0.3, with high estimates of $0.34 and low estimates of $0.26.
Analysts are recommending an EPS of between $1.24 and $0.99 for the fiscal current year, implying an average EPS of $1.15. EPS for the following year is $1.82, with 20 analysts recommending between $2.26 and $1.63.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $1.99B. It ranges from a high estimate of $2.1B to a low estimate of $1.92B. As of the current estimate, TechnipFMC plc’s year-ago sales were $1.72B, an estimated increase of 15.60% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $2.19B, an increase of 11.00% less than the figure of $15.60% in the same quarter last year. There is a high estimate of $2.26B for the next quarter, whereas the lowest estimate is $2.07B.
A total of 19 analysts have provided revenue estimates for FTI’s current fiscal year. The highest revenue estimate was $9B, while the lowest revenue estimate was $8.63B, resulting in an average revenue estimate of $8.73B. In the same quarter a year ago, actual revenue was $7.82B, up 11.50% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $9.8B in the next fiscal year. The high estimate is $10.53B and the low estimate is $9.26B. The average revenue growth estimate for next year is up 12.40% from the average revenue estimate for this year.
