Franks International NV (NYSE:FI) – Capital One Financial increased their FY2018 EPS estimates for shares of Franks International in a report issued on Wednesday, November 7th. Capital One Financial analyst L. Lemoine now anticipates that the pipeline company will earn ($0.39) per share for the year, up from their previous forecast of ($0.48). Capital One Financial also issued estimates for Franks International’s Q4 2018 earnings at ($0.04) EPS, Q1 2019 earnings at ($0.06) EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at ($0.05) EPS, Q4 2019 earnings at ($0.04) EPS, FY2019 earnings at ($0.20) EPS and FY2020 earnings at ($0.12) EPS.
Other analysts have also issued reports about the company. Zacks Investment Research raised Franks International from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Wednesday, October 31st. Royal Bank of Canada reissued a “buy” rating and set a $11.00 price objective on shares of Franks International in a report on Thursday, August 9th. ValuEngine raised Franks International from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Piper Jaffray Companies set a $7.00 price objective on Franks International and gave the stock a “hold” rating in a report on Thursday. Finally, Seaport Global Securities set a $8.00 price objective on Franks International and gave the stock a “hold” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.29.
Shares of FI opened at $7.73 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -12.67 and a beta of 1.32. Franks International has a 52 week low of $4.93 and a 52 week high of $9.75.
Franks International (NYSE:FI) last issued its earnings results on Tuesday, November 6th. The pipeline company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. The business had revenue of $129.00 million during the quarter, compared to analyst estimates of $126.82 million. Franks International had a negative return on equity of 12.75% and a negative net margin of 37.17%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Franks International by 2.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,128,426 shares of the pipeline company’s stock worth $61,875,000 after buying an additional 149,021 shares during the last quarter. BlackRock Inc. lifted its stake in Franks International by 28.7% in the second quarter. BlackRock Inc. now owns 5,376,225 shares of the pipeline company’s stock valued at $41,935,000 after purchasing an additional 1,198,413 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Franks International by 31.0% in the third quarter. Bank of New York Mellon Corp now owns 2,743,681 shares of the pipeline company’s stock valued at $23,816,000 after purchasing an additional 648,574 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Franks International by 22.6% in the second quarter. Wedge Capital Management L L P NC now owns 1,647,862 shares of the pipeline company’s stock valued at $12,853,000 after purchasing an additional 304,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Franks International by 65.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,450,042 shares of the pipeline company’s stock valued at $11,310,000 after purchasing an additional 572,032 shares during the last quarter. Hedge funds and other institutional investors own 34.11% of the company’s stock.
In other news, major shareholder Mosing Family Delaware Tr 2016 sold 360,277 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $8.28, for a total value of $2,983,093.56. Following the transaction, the insider now owns 575,540 shares in the company, valued at approximately $4,765,471.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kendall Garrett Mosing sold 3,361,094 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $7.95, for a total value of $26,720,697.30. The disclosure for this sale can be found here. Insiders sold a total of 5,591,560 shares of company stock worth $45,728,414 in the last 90 days. Company insiders own 67.60% of the company’s stock.
Franks International Company Profile
Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.
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