Brokerages Expect Frank’s International (FI) Will Announce Earnings of -$0.13 Per Share

Analysts expect Frank’s International (NYSE:FI) to report earnings of ($0.13) per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Frank’s International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.17). Frank’s International posted earnings per share of ($0.12) in the same quarter last year, which indicates a negative year over year growth rate of 8.3%. The company is scheduled to issue its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Frank’s International will report full-year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.54) to ($0.31). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.29) to ($0.08). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Frank’s International.

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Frank’s International (NYSE:FI) last released its quarterly earnings data on Tuesday, February 27th. The pipeline company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.15). The firm had revenue of $118.32 million during the quarter, compared to analysts’ expectations of $115.92 million. Frank’s International had a negative return on equity of 11.22% and a negative net margin of 35.06%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) earnings per share.

A number of equities analysts have recently commented on FI shares. Zacks Investment Research downgraded Frank’s International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Piper Jaffray set a $5.00 target price on Frank’s International and gave the company a “hold” rating in a research note on Tuesday, March 6th. Seaport Global Securities upgraded Frank’s International from a “sell” rating to a “hold” rating in a research note on Monday, March 5th. Tudor Pickering upgraded Frank’s International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Finally, Royal Bank of Canada set a $7.00 target price on Frank’s International and gave the company a “buy” rating in a research note on Thursday, December 21st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $7.56.

Shares of Frank’s International stock traded down $0.16 during trading hours on Friday, reaching $6.84. The stock had a trading volume of 604,221 shares, compared to its average volume of 872,484. The company has a market cap of $1,557.03, a price-to-earnings ratio of -11.48 and a beta of 1.22. Frank’s International has a 1 year low of $4.93 and a 1 year high of $9.50.

In other news, major shareholder Michael Frank Mosing sold 200,000 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $5.16, for a total value of $1,032,000.00. Following the completion of the sale, the insider now owns 803,735 shares in the company, valued at $4,147,272.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 67.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Eaton Vance Management bought a new position in Frank’s International during the 4th quarter worth approximately $10,012,000. Wells Fargo & Company MN lifted its holdings in shares of Frank’s International by 392.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,042,034 shares of the pipeline company’s stock worth $6,930,000 after purchasing an additional 830,592 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Frank’s International by 271.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 621,247 shares of the pipeline company’s stock worth $4,132,000 after purchasing an additional 453,802 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Frank’s International by 10.2% in the 4th quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock worth $30,669,000 after purchasing an additional 426,376 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Frank’s International in the 4th quarter worth approximately $2,000,000. Hedge funds and other institutional investors own 33.20% of the company’s stock.

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Frank’s International Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

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Earnings History and Estimates for Frank`s International (NYSE:FI)

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