HSBC Securities downgraded TechnipFMC from Buy to Hold
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $37.00 | Outperform | RBC Capital Mkts |
| 10/29/2024 | $32.00 | Hold → Buy | HSBC Securities |
| 10/25/2024 | $35.00 → $37.00 | Buy | TD Cowen |
| 2/23/2024 | Buy → Hold | HSBC Securities | |
| 2/23/2024 | $26.00 → $28.00 | Outperform | TD Cowen |
| 11/6/2023 | $23.50 | Outperform → Neutral | Exane BNP Paribas |
| 10/13/2023 | $18.00 → $22.00 | Buy → Hold | Jefferies |
| 8/1/2023 | $19.50 | Buy → Hold | Kepler |
RBC Capital Mkts initiated coverage of TechnipFMC with a rating of Outperform and set a new price target of $37.00
HSBC Securities upgraded TechnipFMC from Hold to Buy and set a new price target of $32.00
TD Cowen reiterated coverage of TechnipFMC with a rating of Buy and set a new price target of $37.00 from $35.00 previously
4 - TechnipFMC plc (0001681459) (Issuer)
4 - TechnipFMC plc (0001681459) (Issuer)
3 - TechnipFMC plc (0001681459) (Issuer)
2024 Full-Year Financial Guidance1The Company's full-year financial guidance for 2024 can be found in the table below. Updates to the previous guidance issued on February 22, 2024 are as follows:Subsea revenue in a range of $7.6 - 7.8 billion, which increased from the previous guidance range of $7.2 - 7.6 billion.Subsea adjusted EBITDA margin in a range of 16.5 - 17%, which increased from the previous guidance range of 15.5 - 16.5%.Free cash flow in a range of $425 - 575 million, which increased from the previous guidance range of $350 - 500 million.
TechnipFMC (NYSE:FTI) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.31 by 38.71 percent. This is a 330 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $2.325 billion which beat the analyst consensus estimate of $2.236 billion by 4.00 percent. This is a 17.90 percent increase over sales of $1.972 billion the same period last year.
SC 13G/A - TechnipFMC plc (0001681459) (Subject)
SC 13G/A - TechnipFMC plc (0001681459) (Subject)
SC 13G/A - TechnipFMC plc (0001681459) (Subject)
TechnipFMC (NYSE:FTI) ("the Company") has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. This iEPCI™ award supports the development of an emerging frontier and is enabled by the Company's vessel ecosystem. The project will combine TechnipFMC's leading subsea architecture with Saipem's (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty. TechnipFMC's contracted scope for
TechnipFMC (NYSE:FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the BofA Securities Global Energy Conference on Wednesday, November 13, 2024, at 8:50 a.m. CT in Houston, TX. The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event. An audio replay of the webcast will be available on this website for one year. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies and comprehe
TechnipFMC (NYSE:FTI) and Prysmian (MILAN: PRY) today announced the two companies have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104663469/en/ The collaboration agreement brings together the technologies and competencies of these two offshore industry leaders, providing the unique capabilities to pioneer a complete water column solution, from seabed to ocean surface. The collaboration will leverage the unparalleled expertise of TechnipFMC's system design and integra
10-Q - TechnipFMC plc (0001681459) (Filer)
8-K - TechnipFMC plc (0001681459) (Filer)
10-Q - TechnipFMC plc (0001681459) (Filer)
Total Company backlog reached record of $14.7 billion; Subsea new record of $13.7 billion Share repurchase authorization increased by $1 billion Subsea financial guidance increased for 2025 TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Sep. 30, 2024 Jun. 30, 2024 Sep. 30, 2023 Sequential Year-over- Year Revenue $2,348.4 $2,325.6 $2,056.9 1.0% 14.2% Ne
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on November 19, 2024, which is also the ex-dividend date. The Board has also authorized additional share repurchases of up to $1 billion. Together with the existing program, the Company is now authorized to repurchase shares of up to $1.2 billion, representing more than 10 percent of the Company's outstanding shares at today's closing price. Since the initial share repurchase authorization in July 2022, the Company has returned more tha
TechnipFMC (NYSE:FTI) will host its third-quarter 2024 earnings conference call on Thursday, October 24, 2024, 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). The event will be webcast live and can be accessed via the Investor Relations website or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies a
TechnipFMC (NYSE:FTI) (the "Company") today announced that Robert G. Gwin, former President of Anadarko Petroleum Corporation, has been appointed to its Board of Directors, effective February 1, 2023. The Company also announced that Peter Mellbye will retire from the Board and will not stand for re-election at the Company's next annual general meeting. Doug Pferdehirt, Chair and CEO of TechnipFMC, stated: "Since joining the Board in 2013, Peter has been a tremendous leader, partner and contributor. We have greatly benefitted from his leadership during the evolution of our company and wish him well in his retirement." Mr. Pferdehirt continued, "I am delighted to welcome Bob to the Board. He
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that Sophie Zurquiyah, Chief Executive Officer of CGG S.A., has been appointed to its Board of Directors and Audit Committee, effective April 1, 2021. Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to welcome Sophie to the Board. She brings a depth of knowledge to our Board, established over 30 years in our industry. With a background in geophysics, technology, sustainability, and digital transformation, Sophie is a proven global business leader who has experience as an executive and board member with international public compa
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) TechnipFMC today announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade under the symbol “TE”.1 Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to announce the successful completion of the separation transaction. As the market leader and industry’s only fully integr