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Here's Why You Should Hold FTI Consulting Stock in Your Portfolio Now
ZACKS· 2025-01-17 17:06
Group 1 - The core viewpoint is that FTI Consulting, Inc. (FCN) is experiencing top-line growth driven by diversification and international operations, although rising expenses are negatively impacting profitability [1][2][3] - The Zacks Consensus Estimate for FCN's earnings in 2024 is $8.1 per share, reflecting a 5.1% increase from the previous year, while the estimate for 2025 is $8.6 per share, indicating a 6.5% year-over-year growth [1] - International operations contributed nearly 37% of FCN's revenues in 2023, showcasing the company's diverse offerings and global reach as key differentiators from competitors [2] Group 2 - Demand for FCN's services is expected to rise due to increasing regulatory scrutiny and corporate litigation, as companies seek to protect intellectual property and engage in restructuring activities [3] - FTI Consulting has a strong balance sheet with $386 million in cash and cash equivalents and no debt as of September 30, 2024, allowing for potential investments in growth initiatives [4] - The company's liquidity is robust, with a current ratio of 2.09, significantly above the industry average of 1.25, indicating efficient short-term debt coverage [5] Group 3 - FCN's operating expenses have surged, with a year-over-year increase of 10.6% in 2022 and 14.2% in 2023, which may deter investments and affect profitability [7] - The company has not declared dividends and does not plan to do so, which may dissuade dividend-seeking investors from purchasing its stock [8] - FCN currently holds a Zacks Rank of 3 (Hold), while competitors like CRA International, Inc. and Cintas Corporation have better rankings of 2 (Buy) [9][10]
Are You Looking for a Top Momentum Pick? Why FMC Technologies (FTI) is a Great Choice
ZACKS· 2025-01-14 18:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Why FMC Technologies (FTI) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-01-14 15:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are ...
New Strong Buy Stocks for December 24th
ZACKS· 2024-12-24 11:51
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:TechnipFMC plc (FTI) : This energy solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.6% over the last 60 days.NRx Pharmaceuticals, Inc. (NRXP) : This bio-pharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.Powell Industries, Inc. (POWL) : This custom equipment manufacturer the Zacks Consensus Estimate for its c ...
TechnipFMC to Supply a Subsea System in Shell's Bonga North Project
ZACKS· 2024-12-23 14:11
TechnipFMC plc (FTI) has been awarded a substantial contract by London-based oil major Shell plc’s (SHEL) subsidiary, Shell Nigeria Exploration and Production Company (“SNEPCo”), to provide technological support in the subsea production for the development of the Bonga North project in Nigeria.FTI’s contract with SNEPCo validates its position as a leading provider of technological and innovative solutions in the energy industry.FTI’s Transformative Technology to Enhance EfficiencyFTI’s scope of work under t ...
TechnipFMC Gets Green Light for CO2 Capture & Storage Project in UK
ZACKS· 2024-12-12 12:46
TechnipFMC plc (FTI) , a Houston, TX-based oil and gas equipment and services company, has received the full notice to proceed with its contract to provide an all-electric subsea system for the Northern Endurance Partnership's (“NEP”) transformative carbon dioxide (CO2) transportation and storage project. This significant development marks a major milestone in the energy transition, particularly within the United Kingdom's East Coast Cluster and supports FTI’s leadership in subsea technologies and carbon ca ...
LanzaTech Appoints TechnipFMC's Former Executive Chairman Thierry Pilenko to Board of Directors
GlobeNewswire News Room· 2024-11-25 21:15
Core Insights - LanzaTech Global, Inc. has appointed Thierry Pilenko to its Board of Directors, bringing over 40 years of experience in the energy and industrial sectors [1][2] - Pilenko's expertise in large-scale infrastructure development and technology deployment is expected to enhance LanzaTech's growth strategy and accelerate its path to profitability [1][2] - The appointment increases LanzaTech's board to seven members, strengthening corporate governance [4] Company Overview - LanzaTech is a carbon recycling company that transforms waste carbon into sustainable fuels, chemicals, materials, and protein [5] - The company utilizes biorecycling technology to capture carbon emissions from energy-intensive industries, preventing them from entering the atmosphere [5] - LanzaTech partners with various companies across the global supply chain to promote a circular carbon economy [5] Leadership Background - Thierry Pilenko has a proven track record in deploying innovative technologies and leading large-scale projects, having spent 20 years at Schlumberger Limited and later leading TechnipFMC [2][3] - Under Pilenko's leadership, Technip executed significant projects, including Shell's $12 billion Prelude floating LNG facility and the $20+ billion Yamal LNG project [2]
TechnipFMC Stock Rallies to 52-Week High: Buy, Hold or Sell?
ZACKS· 2024-11-22 21:01
Core Viewpoint - TechnipFMC plc has demonstrated strong stock performance in 2024, with shares up nearly 50% year-to-date, outperforming the S&P 500 and peers like Oceaneering International and Core Labs [1][4]. Company Overview - TechnipFMC, formed from the merger of Technip and FMC Technologies in January 2017, provides products, services, and integrated technology solutions for the energy industry, focusing on subsea, onshore/offshore, and surface projects [5]. Fundamental Strength - The company's total backlog reached $14.7 million in Q3 2024, an 11.1% increase from the previous year, indicating strong revenue visibility and margin improvements [6]. - TechnipFMC raised its 2025 revenue outlook for the Subsea segment to $8.3-$8.7 billion, up from $8 billion, driven by an expected adjusted EBITDA margin increase to 18.5-20% [6]. - The company secured significant contracts with Petrobras and bp, enhancing its market position in high-demand regions like Brazil and the Gulf of Mexico [6]. Technological Advancements - TechnipFMC's Subsea 2.0 platform is expected to see fast-track adoption, offering a new suite of products that improve project economics and environmental sustainability [7]. Shareholder Returns - The company announced a $1 billion increase in share repurchase authorization, totaling $1.2 billion, aiming to nearly double shareholder distributions for 2024 compared to the previous year [8]. Analyst Estimates - TechnipFMC has a Value and Growth Score of B, with earnings revisions trending positively; the 2024 profit estimate increased from $1.37 to $1.55, and the 2025 projection rose from $1.90 to $1.96 [10]. Stock Performance - Over the last three years, TechnipFMC shares surged by 374%, significantly outperforming the S&P 500's 25.5% gain and the Zacks Oil/Energy sector's 41.4% growth [13]. Investment Consideration - Given the strong project awards and growing backlog, it is suggested that investors consider buying shares of TechnipFMC, as these factors indicate strong long-term cash flows and potential for higher stock prices [14].
TechnipFMC plc (FTI) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-11-22 15:16
Have you been paying attention to shares of FMC Technologies (FTI) ? Shares have been on the move with the stock up 16.1% over the past month. The stock hit a new 52-week high of $30.23 in the previous session. FMC Technologies has gained 49.1% since the start of the year compared to the 11.3% move for the Zacks Oils-Energy sector and the 3.1% return for the Zacks Oil and Gas - Field Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't ...
TechnipFMC to Develop First Major Subsea Project Offshore Suriname
ZACKS· 2024-11-18 20:06
TechnipFMC plc (FTI) , a leading supplier of products, services and fully integrated technology solutions in the energy industry,has secured an integrated engineering, procurement, construction, and installation (iEPCI) contractalongside Saipem S.p.A, an Italian oilfield engineering and construction services firmfor the subsea development of TotalEnergies’ GranMorgu field on Block 58, offshore Suriname.FTI’s Scope of WorkTechnipFMC is responsible for a subsea production system (SPS), which includes Subsea 2 ...