Wall Street analysts forecast that NCS Multistage Holdings Inc (NASDAQ:NCSM) will post sales of $50.50 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for NCS Multistage’s earnings. The highest sales estimate is $52.68 million and the lowest is $47.68 million. NCS Multistage posted sales of $50.18 million in the same quarter last year, which suggests a positive year over year growth rate of 0.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, March 14th.
On average, analysts expect that NCS Multistage will report full-year sales of $227.33 million for the current year, with estimates ranging from $224.45 million to $229.45 million. For the next year, analysts expect that the company will post sales of $245.44 million, with estimates ranging from $232.05 million to $262.82 million. Zacks’ sales averages are an average based on a survey of analysts that follow NCS Multistage.
NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). NCS Multistage had a net margin of 4.36% and a return on equity of 3.10%. The company had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $77.71 million.
Several research analysts have weighed in on NCSM shares. Wells Fargo & Co downgraded NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research note on Monday, October 15th. BidaskClub downgraded NCS Multistage from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Credit Suisse Group set a $11.00 target price on NCS Multistage and gave the company a “buy” rating in a research note on Monday, November 12th. TheStreet downgraded NCS Multistage from a “c-” rating to a “d+” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research downgraded NCS Multistage from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. NCS Multistage presently has a consensus rating of “Hold” and a consensus price target of $15.63.
Shares of NCSM stock opened at $6.94 on Thursday. NCS Multistage has a twelve month low of $6.75 and a twelve month high of $20.54. The company has a market capitalization of $328.58 million, a price-to-earnings ratio of 34.70 and a beta of 1.87. The company has a current ratio of 3.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06.
In other NCS Multistage news, Director Michael Mcshane purchased 30,000 shares of NCS Multistage stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $7.36 per share, with a total value of $220,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert Nipper purchased 62,955 shares of NCS Multistage stock in a transaction dated Friday, November 9th. The stock was acquired at an average cost of $7.55 per share, with a total value of $475,310.25. The disclosure for this purchase can be found here. Over the last three months, insiders bought 122,113 shares of company stock valued at $905,075 and sold 89,152 shares valued at $685,358. 11.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of NCSM. Millennium Management LLC acquired a new stake in shares of NCS Multistage in the 1st quarter valued at approximately $257,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of NCS Multistage by 6.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 524,098 shares of the company’s stock valued at $7,615,000 after buying an additional 32,900 shares during the period. Jennison Associates LLC lifted its holdings in shares of NCS Multistage by 13.4% in the 2nd quarter. Jennison Associates LLC now owns 569,590 shares of the company’s stock valued at $8,276,000 after buying an additional 67,402 shares during the period. Boston Partners acquired a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $2,833,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of NCS Multistage by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock valued at $723,000 after buying an additional 7,519 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.
NCS Multistage Company Profile
NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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