Analysts expect that FTS International Inc (NYSE:FTSI) will post earnings of $1.05 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FTS International’s earnings. The lowest EPS estimate is $1.02 and the highest is $1.07. The company is scheduled to report its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that FTS International will report full-year earnings of $4.29 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.33. For the next fiscal year, analysts forecast that the firm will report earnings of $4.52 per share, with EPS estimates ranging from $3.43 to $6.08. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for FTS International.
FTS International (NYSE:FTSI) last released its quarterly earnings data on Tuesday, May 1st. The company reported $5.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $5.02. The business had revenue of $467.50 million during the quarter, compared to the consensus estimate of $468.00 million.
Several research analysts recently commented on the stock. Wells Fargo & Co downgraded shares of FTS International from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a report on Friday. Zacks Investment Research downgraded shares of FTS International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Credit Suisse Group cut their price objective on shares of FTS International from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, May 2nd. Cowen reaffirmed a “buy” rating and issued a $23.00 price objective on shares of FTS International in a report on Friday, April 13th. Finally, Tudor Pickering initiated coverage on shares of FTS International in a report on Monday, March 5th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $29.29.
Large investors have recently made changes to their positions in the business. Citigroup Inc. bought a new position in FTS International in the 1st quarter valued at $102,000. Sei Investments Co. bought a new position in FTS International in the 1st quarter valued at $117,000. Oppenheimer Asset Management Inc. bought a new position in FTS International in the 1st quarter valued at $199,000. New York State Common Retirement Fund bought a new position in FTS International in the 1st quarter valued at $226,000. Finally, Barclays PLC bought a new position in FTS International in the 1st quarter valued at $247,000. 64.20% of the stock is owned by hedge funds and other institutional investors.
FTS International opened at $14.24 on Wednesday, according to MarketBeat. FTS International has a 12 month low of $13.81 and a 12 month high of $22.60. The company has a current ratio of 2.45, a quick ratio of 2.20 and a debt-to-equity ratio of -8.54.
About FTS International
FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.
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