TechnipFMC plc [NYSE: FTI] slipped around -0.04 points on Tuesday, while shares priced at $13.32 at the close of the session, down -0.30%. The company report on March 20, 2023 that TechnipFMC Announces First Quarter 2023 Earnings Release and Conference Call.
TechnipFMC (NYSE: FTI) will host its first quarter 2023 earnings conference call on Thursday, April 27, 2023, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time).
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The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/6fifa2xk.
TechnipFMC plc stock is now 9.27% up from its year-to-date (YTD) trading value. FTI Stock saw the intraday high of $13.44 and lowest of $13.13 per share. The company’s 52-week high price is 16.03, which means current price is +17.46% above from all time high which was touched on 02/28/23.
Compared to the average trading volume of 5.46M shares, FTI reached a trading volume of 3510916 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about TechnipFMC plc [FTI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTI shares is $18.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTI stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 17, 2023. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on January 19, 2023, representing the official price target for TechnipFMC plc stock. Previously, the target price had yet another raise to $13.50, while HSBC Securities analysts kept a Buy rating on FTI stock.
The Average True Range (ATR) for TechnipFMC plc is set at 0.47, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 1.83, with the Price to Cash per share for the same quarter was set at 2.46. Price to Free Cash Flow for FTI in the course of the last twelve months was 30.25 with Quick ratio for the last quarter at 0.90.
How has FTI stock performed recently?
TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.19. With this latest performance, FTI shares gained by 7.85% in over the last four-week period, additionally plugging by 42.31% over the last 6 months – not to mention a rise of 66.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTI stock in for the last two-week period is set at 45.83, with the RSI for the last a single of trading hit 43.45, and the three-weeks RSI is set at 47.37 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 13.85, while it was recorded at 13.48 for the last single week of trading, and 10.99 for the last 200 days.
TechnipFMC plc [FTI]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and TechnipFMC plc [FTI] shares currently have an operating margin of +3.53 and a Gross Margin at +13.75. TechnipFMC plc’s Net Margin is presently recorded at -0.92.
Return on Total Capital for FTI is now 3.99, given the latest momentum, and Return on Invested Capital for the company is -1.15. Return on Equity for this stock declined to -1.86, with Return on Assets sitting at -0.64. When it comes to the capital structure of this company, TechnipFMC plc [FTI] has a Total Debt to Total Equity ratio set at 70.73. Additionally, FTI Total Debt to Total Capital is recorded at 41.43, with Total Debt to Total Assets ending up at 24.27. Long-Term Debt to Equity for the company is recorded at 53.59, with the Long-Term Debt to Total Capital now at 31.39.
Reflecting on the efficiency of the workforce at the company, TechnipFMC plc [FTI] managed to generate an average of -$2,651 per employee. Receivables Turnover for the company is 2.81 with a Total Asset Turnover recorded at a value of 0.69.TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.
Earnings analysis for TechnipFMC plc [FTI]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TechnipFMC plc go to -2.90%.
Insider trade positions for TechnipFMC plc [FTI]
There are presently around $5,704 million, in the hands of institutional investors. The top three institutional holders of FTI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 58,933,447, which is approximately 11.102% of the company’s market cap and around 1.19% of the total institutional ownership; FMR LLC, holding 42,290,758 shares of the stock with an approximate value of $565.0 million in FTI stocks shares; and WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC, currently with $291.55 million in FTI stock with ownership of nearly 5.428% of the company’s market capitalization.
153 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 81,692,617 shares. Additionally, 131 investors decreased positions by around 80,915,288 shares, while 35 investors held positions by with 264,344,381 shares. The mentioned changes placed institutional holdings at 426,952,286 shares, according to the latest SEC report filing. FTI stock had 65 new institutional investments in for a total of 44,121,070 shares, while 33 institutional investors sold positions of 9,410,216 shares during the same period.