FTS International Inc (FTSI) Forecasted to Post Q4 2018 Earnings of $0.43 Per Share

FTS International Inc (NYSE:FTSI) – Stock analysts at Capital One Financial issued their Q4 2018 earnings per share estimates for shares of FTS International in a report released on Tuesday, October 30th. Capital One Financial analyst L. Lemoine anticipates that the company will earn $0.43 per share for the quarter. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for FTS International’s Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.87 EPS, Q4 2019 earnings at $1.00 EPS and FY2019 earnings at $2.89 EPS.

FTS International (NYSE:FTSI) last released its quarterly earnings results on Monday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.16). FTS International had a negative return on equity of 95.75% and a net margin of 14.98%. The business had revenue of $334.40 million during the quarter, compared to the consensus estimate of $388.24 million. FTS International’s revenue for the quarter was down 25.5% compared to the same quarter last year.

Several other research firms have also recently issued reports on FTSI. Citigroup decreased their price target on FTS International from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, July 9th. Piper Jaffray Companies set a $19.00 price target on FTS International and gave the stock a “buy” rating in a research note on Monday, August 6th. Morgan Stanley decreased their price target on FTS International from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, July 12th. Stifel Nicolaus set a $15.00 price target on FTS International and gave the stock a “hold” rating in a research note on Thursday. Finally, ValuEngine cut FTS International from a “sell” rating to a “strong sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. FTS International has a consensus rating of “Buy” and a consensus target price of $20.30.

NYSE:FTSI opened at $12.49 on Thursday. FTS International has a 1 year low of $9.38 and a 1 year high of $22.60. The firm has a market capitalization of $1.27 billion and a PE ratio of 1.51. The company has a quick ratio of 2.26, a current ratio of 2.58 and a debt-to-equity ratio of 28.83.

Hedge funds have recently made changes to their positions in the stock. Feinberg Stephen boosted its stake in FTS International by 144.0% during the second quarter. Feinberg Stephen now owns 927,406 shares of the company’s stock valued at $13,206,000 after buying an additional 547,272 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in FTS International by 11.9% during the second quarter. Alambic Investment Management L.P. now owns 118,688 shares of the company’s stock valued at $1,690,000 after buying an additional 12,653 shares in the last quarter. Lonestar Capital Management LLC bought a new position in FTS International during the second quarter valued at about $9,256,000. Swiss National Bank bought a new position in FTS International during the second quarter valued at about $541,000. Finally, BlackRock Inc. bought a new position in FTS International during the first quarter valued at about $51,670,000. 67.35% of the stock is owned by institutional investors and hedge funds.

FTS International Company Profile

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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Earnings History and Estimates for FTS International (NYSE:FTSI)

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