Equities analysts expect FTS International Inc (NYSE:FTSI) to post $135.87 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FTS International’s earnings, with the highest sales estimate coming in at $145.00 million and the lowest estimate coming in at $127.00 million. FTS International posted sales of $248.10 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 45.2%. The firm is scheduled to issue its next earnings report on Wednesday, February 26th.
On average, analysts expect that FTS International will report full year sales of $767.12 million for the current year, with estimates ranging from $758.07 million to $779.00 million. For the next financial year, analysts anticipate that the company will post sales of $633.03 million, with estimates ranging from $569.00 million to $670.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for FTS International.
FTS International (NYSE:FTSI) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). FTS International had a negative net margin of 3.79% and a positive return on equity of 49.11%. The company had revenue of $186.00 million for the quarter, compared to the consensus estimate of $208.10 million.
A number of equities research analysts recently weighed in on FTSI shares. Bank of America cut shares of FTS International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 8th. ValuEngine upgraded shares of FTS International from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley dropped their price target on shares of FTS International from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Barclays dropped their price target on shares of FTS International from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Finally, Zacks Investment Research cut shares of FTS International from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. FTS International has an average rating of “Hold” and an average price target of $4.78.
A number of large investors have recently added to or reduced their stakes in FTSI. Nuveen Asset Management LLC purchased a new position in FTS International during the 2nd quarter valued at about $2,093,000. Assenagon Asset Management S.A. acquired a new stake in FTS International in the 3rd quarter worth approximately $529,000. Vanguard Group Inc. lifted its holdings in shares of FTS International by 6.3% during the second quarter. Vanguard Group Inc. now owns 3,217,124 shares of the company’s stock worth $17,951,000 after buying an additional 191,516 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of FTS International by 9,466.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 149,486 shares of the company’s stock worth $834,000 after buying an additional 151,082 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of FTS International by 656.2% in the third quarter. Barclays PLC now owns 161,966 shares of the company’s stock valued at $363,000 after purchasing an additional 140,549 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.
Shares of NYSE FTSI traded down $0.05 during midday trading on Friday, reaching $0.93. 280,929 shares of the company traded hands, compared to its average volume of 483,711. FTS International has a 52 week low of $0.89 and a 52 week high of $12.37. The stock has a 50-day moving average price of $1.08 and a 200 day moving average price of $2.38. The company has a debt-to-equity ratio of 10.19, a current ratio of 3.22 and a quick ratio of 2.81. The company has a market cap of $100.88 million, a price-to-earnings ratio of 0.39 and a beta of 1.45.
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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