FMC Technologies Inc. (NYSE:FTI) – Research analysts at Seaport Global Securities increased their FY2016 earnings per share estimates for FMC Technologies in a report issued on Thursday. Seaport Global Securities analyst M. Brown now anticipates that the firm will post earnings per share of $0.94 for the year, up from their previous forecast of $0.93. Seaport Global Securities has a “Neutral” rating and a $28.00 price target on the stock.
FTI has been the subject of a number of other reports. Credit Suisse Group AG reissued a “hold” rating and issued a $26.00 price objective on shares of FMC Technologies in a research note on Thursday, June 2nd. FBR & Co reissued a “hold” rating on shares of FMC Technologies in a research note on Wednesday, July 20th. Jefferies Group reaffirmed a “hold” rating and set a $29.00 price target on shares of FMC Technologies in a research note on Wednesday, June 1st. Citigroup Inc. reaffirmed a “neutral” rating and set a $29.00 price target on shares of FMC Technologies in a research note on Saturday, June 25th. Finally, Nomura set a $26.00 price target on shares of FMC Technologies and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. FMC Technologies has an average rating of “Hold” and an average target price of $31.56.
Shares of FMC Technologies (NYSE:FTI) opened at 27.53 on Monday. FMC Technologies has a one year low of $22.30 and a one year high of $35.93. The stock has a market cap of $6.21 billion, a PE ratio of 39.38 and a beta of 1.22. The firm has a 50-day moving average of $27.74 and a 200-day moving average of $27.42.
FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.08. The business earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.26 billion. FMC Technologies had a return on equity of 13.44% and a net margin of 2.99%. FMC Technologies’s revenue for the quarter was down 32.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS.
In other news, VP Sanjay Bhatia sold 2,800 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $28.44, for a total value of $79,632.00. Following the sale, the vice president now directly owns 48,943 shares of the company’s stock, valued at approximately $1,391,938.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. increased its stake in FMC Technologies by 187.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,907 shares of the company’s stock valued at $104,000 after buying an additional 2,547 shares during the period. Pacer Advisors Inc. increased its stake in FMC Technologies by 25.3% in the second quarter. Pacer Advisors Inc. now owns 4,534 shares of the company’s stock valued at $121,000 after buying an additional 916 shares during the period. Mycio Wealth Partners LLC increased its stake in FMC Technologies by 13.9% in the second quarter. Mycio Wealth Partners LLC now owns 5,742 shares of the company’s stock valued at $153,000 after buying an additional 700 shares during the period. Amica Retiree Medical Trust increased its stake in FMC Technologies by 105.0% in the second quarter. Amica Retiree Medical Trust now owns 5,962 shares of the company’s stock valued at $159,000 after buying an additional 3,053 shares during the period. Finally, Euclid Advisors LLC acquired a new stake in FMC Technologies during the second quarter valued at approximately $160,000. 89.63% of the stock is currently owned by institutional investors and hedge funds.
About FMC Technologies
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.
Receive News & Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.