FMC Technologies Inc. (NYSE:FTI) is scheduled to be announcing its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $1.16 billion for the quarter.
FMC Technologies (NYSE:FTI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.08. FMC Technologies had a return on equity of 13.44% and a net margin of 2.99%. The business earned $1.20 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm’s revenue was down 32.2% on a year-over-year basis. On average, analysts expect FMC Technologies to post $0.92 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.
FMC Technologies Inc. (NYSE:FTI) opened at 31.73 on Monday. The company has a market capitalization of $7.16 billion, a P/E ratio of 45.39 and a beta of 1.14. The firm has a 50-day moving average of $28.94 and a 200 day moving average of $27.74. FMC Technologies Inc. has a 52-week low of $22.30 and a 52-week high of $35.93.
In other news, VP Sanjay Bhatia sold 2,800 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $28.44, for a total value of $79,632.00. Following the completion of the sale, the vice president now directly owns 48,943 shares in the company, valued at $1,391,938.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC boosted its stake in shares of FMC Technologies by 27.3% in the second quarter. Wedge Capital Management L L P NC now owns 1,688,865 shares of the company’s stock worth $45,042,000 after buying an additional 362,040 shares during the period. BlackRock Investment Management LLC boosted its stake in FMC Technologies by 2.0% in the second quarter. BlackRock Investment Management LLC now owns 957,959 shares of the company’s stock valued at $25,549,000 after buying an additional 19,062 shares during the last quarter. BlackRock Fund Advisors boosted its stake in FMC Technologies by 0.3% in the second quarter. BlackRock Fund Advisors now owns 4,294,838 shares of the company’s stock valued at $114,543,000 after buying an additional 14,704 shares during the last quarter. US Bancorp DE boosted its stake in FMC Technologies by 2.4% in the second quarter. US Bancorp DE now owns 45,260 shares of the company’s stock valued at $1,207,000 after buying an additional 1,064 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in FMC Technologies by 0.6% in the second quarter. Advantus Capital Management Inc now owns 21,911 shares of the company’s stock valued at $584,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
FTI has been the subject of several recent analyst reports. Citigroup Inc. boosted their price objective on shares of FMC Technologies from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. Seaport Global Securities lowered shares of FMC Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $28.00 in a research note on Thursday, September 22nd. Capital One Financial Corp. upgraded shares of FMC Technologies from an “equal weight” rating to an “overweight” rating and set a $36.00 price objective for the company in a research note on Thursday, August 25th. FBR & Co reiterated a “hold” rating on shares of FMC Technologies in a research note on Wednesday, July 20th. Finally, Jefferies Group reiterated a “hold” rating on shares of FMC Technologies in a research note on Friday, August 5th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.56.
FMC Technologies Company Profile
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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