FMC Technologies (FTI) Falling In After-Hours Activity
Trade-Ideas LLC identified
(
) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified FMC Technologies as such a stock due to the following factors:
- FTI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $61.3 million.
- FTI is down 27.5% today from today's close.
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More details on FTI:
FMC Technologies, Inc., together with its subsidiaries, designs, manufactures, and services technological systems and products for customers in the energy industry worldwide. It operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. FTI has a PE ratio of 22. Currently there are 7 analysts that rate FMC Technologies a buy, no analysts rate it a sell, and 12 rate it a hold.
The average volume for FMC Technologies has been 3.4 million shares per day over the past 30 days. FMC has a market cap of $5.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.96 and a short float of 4% with 2.81 days to cover. Shares are down 9.1% year-to-date as of the close of trading on Friday.
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Analysis:
rates FMC Technologies as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, poor profit margins and weak operating cash flow.
Highlights from the ratings report include:
- The current debt-to-equity ratio, 0.48, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.23, which illustrates the ability to avoid short-term cash problems.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 35.8%. Since the same quarter one year prior, revenues fell by 28.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The change in net income from the same quarter one year ago has exceeded that of the Energy Equipment & Services industry average, but is less than that of the S&P 500. The net income has significantly decreased by 86.6% when compared to the same quarter one year ago, falling from $147.60 million to $19.80 million.
- Net operating cash flow has decreased to $109.00 million or 37.92% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, FMC TECHNOLOGIES INC has marginally lower results.
- FMC TECHNOLOGIES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, FMC TECHNOLOGIES INC reported lower earnings of $1.68 versus $2.96 in the prior year. For the next year, the market is expecting a contraction of 35.7% in earnings ($1.08 versus $1.68).
- You can view the full FMC Technologies Ratings Report.
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