Wall Street analysts predict that Frank’s International (NYSE:FI) will report sales of $121.89 million for the current quarter, according to Zacks. Six analysts have made estimates for Frank’s International’s earnings. The lowest sales estimate is $120.90 million and the highest is $124.60 million. Frank’s International reported sales of $117.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The firm is expected to report its next quarterly earnings results on Monday, August 6th.
According to Zacks, analysts expect that Frank’s International will report full-year sales of $498.15 million for the current fiscal year, with estimates ranging from $485.00 million to $511.00 million. For the next year, analysts forecast that the firm will post sales of $591.84 million per share, with estimates ranging from $552.00 million to $654.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Frank’s International.
Frank’s International (NYSE:FI) last posted its quarterly earnings results on Tuesday, May 8th. The pipeline company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Frank’s International had a negative return on equity of 13.01% and a negative net margin of 38.04%. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $117.01 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. Frank’s International’s revenue was up 4.4% compared to the same quarter last year.
Several equities research analysts have weighed in on the company. ValuEngine upgraded Frank’s International from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research upgraded Frank’s International from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Tudor Pickering upgraded Frank’s International from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. Wolfe Research upgraded Frank’s International from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Finally, Piper Jaffray Companies set a $5.00 price objective on Frank’s International and gave the stock a “hold” rating in a report on Tuesday, March 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Frank’s International has a consensus rating of “Hold” and an average target price of $7.56.
Frank’s International traded down $0.11, hitting $7.20, on Friday, according to Marketbeat. The company’s stock had a trading volume of 973,000 shares, compared to its average volume of 876,370. Frank’s International has a 52-week low of $4.93 and a 52-week high of $9.15. The stock has a market cap of $1.66 billion, a P/E ratio of -11.52 and a beta of 1.17.
In other Frank’s International news, major shareholder Gregory Stanton Mosing sold 25,000 shares of Frank’s International stock in a transaction on Monday, May 14th. The stock was sold at an average price of $7.33, for a total transaction of $183,250.00. Following the completion of the transaction, the insider now owns 95,657 shares in the company, valued at $701,165.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Melanie Christine Mosing sold 31,248 shares of Frank’s International stock in a transaction on Friday, May 18th. The shares were sold at an average price of $7.72, for a total value of $241,234.56. Following the transaction, the insider now owns 10,060,077 shares of the company’s stock, valued at approximately $77,663,794.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 670,287 shares of company stock valued at $4,622,219. 67.60% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in Frank’s International by 7.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,662,926 shares of the pipeline company’s stock valued at $36,180,000 after buying an additional 458,613 shares during the last quarter. BlackRock Inc. raised its stake in Frank’s International by 10.2% during the fourth quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock valued at $30,669,000 after buying an additional 426,376 shares during the last quarter. Eaton Vance Management purchased a new position in Frank’s International during the fourth quarter valued at $10,012,000. Wells Fargo & Company MN raised its stake in Frank’s International by 392.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,042,034 shares of the pipeline company’s stock valued at $6,930,000 after buying an additional 830,592 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Frank’s International by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 878,010 shares of the pipeline company’s stock valued at $4,768,000 after buying an additional 96,478 shares during the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.
Frank’s 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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