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.
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.
COPYRIGHT VIOLATION NOTICE: “Brokerages Expect Frank’s International (FI) Will Announce Earnings of -$0.13 Per Share” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/20/brokerages-expect-franks-international-fi-will-announce-earnings-of-0-13-per-share.html.
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.
Get a free copy of the Zacks research report on Frank’s International (FI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Frank's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International and related companies with MarketBeat.com's FREE daily email newsletter.