Franks International (NYSE:FI) issued its quarterly earnings data on Tuesday. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02), Fidelity Earnings reports. The business had revenue of $140.42 million during the quarter, compared to the consensus estimate of $157.87 million. Franks International had a negative return on equity of 7.91% and a negative net margin of 14.18%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned ($0.03) EPS.
Shares of NYSE:FI traded up $0.05 during trading on Friday, hitting $5.45. The stock had a trading volume of 40,183 shares, compared to its average volume of 475,754. Franks International has a 12 month low of $3.98 and a 12 month high of $8.46. The company has a market capitalization of $1.20 billion, a PE ratio of -12.98 and a beta of 1.55. The firm’s fifty day moving average is $4.86 and its 200 day moving average is $5.33. The company has a quick ratio of 3.36, a current ratio of 4.00 and a debt-to-equity ratio of 0.03.
In related news, Director Steven B. Mosing sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $4.56, for a total value of $1,140,000.00. Following the completion of the transaction, the director now owns 2,515,206 shares of the company’s stock, valued at $11,469,339.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven B. Mosing sold 1,122,171 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $4.39, for a total transaction of $4,926,330.69. Following the completion of the transaction, the director now directly owns 1,642,388 shares of the company’s stock, valued at approximately $7,210,083.32. The disclosure for this sale can be found here. Insiders sold a total of 2,823,529 shares of company stock valued at $12,561,878 in the last three months. Corporate insiders own 18.20% of the company’s stock.
Large investors have recently modified their holdings of the stock. Aperio Group LLC purchased a new position in Franks International in the 2nd quarter valued at approximately $25,000. Bank of Montreal Can boosted its position in Franks International by 522.9% in the 2nd quarter. Bank of Montreal Can now owns 10,794 shares of the pipeline company’s stock valued at $59,000 after buying an additional 9,061 shares during the period. Fox Run Management L.L.C. purchased a new position in Franks International in the 2nd quarter valued at approximately $94,000. Trexquant Investment LP boosted its position in Franks International by 53.5% in the 2nd quarter. Trexquant Investment LP now owns 23,186 shares of the pipeline company’s stock valued at $127,000 after buying an additional 8,084 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Franks International by 1,288.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 33,798 shares of the pipeline company’s stock valued at $161,000 after buying an additional 31,363 shares during the period. 38.39% of the stock is owned by institutional investors.
A number of analysts have recently commented on the company. Zacks Investment Research raised Franks International from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Franks International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.16.
About Franks International
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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