Wall Street analysts expect that Franks International NV (NYSE:FI) will announce earnings per share (EPS) of ($0.11) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Franks International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). Franks International posted earnings per share of ($0.18) during the same quarter last year, which indicates a positive year-over-year growth rate of 38.9%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, February 27th.
On average, analysts expect that Franks International will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.46) to ($0.44). For the next financial year, analysts anticipate that the business will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.36) to ($0.26). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Franks International.
A number of equities analysts have issued reports on the stock. ValuEngine downgraded shares of Franks International from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Scotiabank reissued a “hold” rating and issued a $12.00 price target on shares of Franks International in a report on Friday, November 3rd. Jefferies Group set a $7.00 price target on shares of Franks International and gave the stock a “hold” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $7.00 price target on shares of Franks International and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research raised shares of Franks International from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Franks International presently has a consensus rating of “Hold” and an average price target of $7.61.
In related news, major shareholder William Bradford Mosing sold 198,101 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $6.18, for a total value of $1,224,264.18. Following the sale, the insider now directly owns 1,311,062 shares in the company, valued at approximately $8,102,363.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Michael Frank Mosing sold 800,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $5.62, for a total value of $4,496,000.00. Following the completion of the sale, the insider now owns 803,735 shares in the company, valued at $4,516,990.70. The disclosure for this sale can be found here. Insiders sold a total of 3,412,415 shares of company stock worth $20,585,954 over the last three months. 77.90% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Gotham Asset Management LLC bought a new stake in Franks International in the 4th quarter valued at about $551,000. LPL Financial LLC bought a new stake in Franks International in the 4th quarter valued at about $545,000. Cushing Asset Management LP bought a new stake in Franks International in the 4th quarter valued at about $166,000. Two Sigma Investments LP bought a new stake in Franks International in the 4th quarter valued at about $355,000. Finally, Two Sigma Advisers LP raised its stake in Franks International by 30.8% in the 4th quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock valued at $265,000 after acquiring an additional 9,400 shares during the period. Institutional investors and hedge funds own 33.18% of the company’s stock.
Franks International (NYSE:FI) traded down $0.05 on Wednesday, reaching $6.03. 369,470 shares of the company’s stock were exchanged, compared to its average volume of 722,533. The stock has a market cap of $1,363.19, a P/E ratio of -11.38 and a beta of 1.11. Franks International has a 1 year low of $5.72 and a 1 year high of $12.78.
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About Franks International
Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.
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