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David Light, the Senior Vice President and Chief Accounting Officer at TechnipFMC plc (NYSE:FTI), a company currently valued at $11.1 billion with a "GOOD" financial health rating according to InvestingPro, sold 10,147 shares of the company on March 11, 2025. The shares were sold at a price of $24.90 each, amounting to a total transaction value of approximately $252,660. Following this sale, Light retains ownership of 7,529 shares in the company. The transaction was executed as part of a pre-established Rule 10b5-1 trading plan, which was adopted on December 2, 2024. The stock, which currently trades at $26.50, appears undervalued according to InvestingPro’s Fair Value analysis. Notably, seven analysts have recently revised their earnings expectations upward, with the company expected to deliver EPS of $2.12 in FY2025. For deeper insights and access to the comprehensive Pro Research Report covering TechnipFMC and 1,400+ other stocks, visit InvestingPro.
In other recent news, TechnipFMC has reported impressive fourth-quarter 2024 earnings, surpassing analyst expectations. The company’s earnings per share (EPS) reached $0.54, significantly higher than the forecast of $0.35, and its revenue stood at $2.37 billion, exceeding the projected $2.3 billion. For the entire year, TechnipFMC’s revenue grew by 16% to $9.1 billion, with adjusted EBITDA increasing by 47% to nearly $1.4 billion. Additionally, the company achieved investment-grade ratings from all three major agencies and launched its innovative Subsea 2.0 product architecture.
TD Cowen analysts have also shown confidence in TechnipFMC by raising the stock’s price target to $38, maintaining a Buy rating. This upgrade is attributed to the company’s strong quarterly performance and an optimistic outlook for its subsea guidance for 2025. The firm has been receiving robust orders, which are expected to continue beyond 2025, signaling positive future business prospects.
TechnipFMC has addressed investor concerns about vessel availability, assuring stakeholders that no issues are anticipated in this area. The company plans for high single-digit revenue growth in 2025 and projects adjusted EBITDA to reach approximately $1.76 billion. TechnipFMC also expects to convert over 50% of EBITDA to free cash flow, with plans to distribute at least 70% of this to shareholders, further highlighting its strong financial health and strategic initiatives.
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