Analysts forecast that Franks International NV (NYSE:FI) will post earnings of ($0.11) per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Franks International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.14). Franks International posted earnings per share of ($0.12) during the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The firm is expected to announce its next quarterly earnings report on Monday, August 6th.
According to Zacks, analysts expect that Franks International will report full-year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.53) to ($0.40). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.28) to ($0.15). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Franks International.
Franks International (NYSE:FI) last posted its quarterly earnings data on Tuesday, May 8th. The pipeline company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). Franks 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 analysts’ expectations of $117.01 million. During the same period in the previous year, the business posted ($0.12) EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis.
Several equities analysts have commented on FI shares. Zacks Investment Research raised shares of Franks International from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Tudor Pickering raised shares of Franks International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Seaport Global Securities upgraded shares of Franks International from a “sell” rating to a “hold” rating in a report on Monday, March 5th. Piper Jaffray Companies set a $5.00 price objective on shares of Franks International and gave the company a “hold” rating in a report on Tuesday, March 6th. Finally, Wolfe Research upgraded shares of Franks International from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.57.
Franks International traded up $0.08, hitting $7.33, during midday trading on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 30,293 shares, compared to its average volume of 1,176,239. Franks International has a 52-week low of $4.93 and a 52-week high of $9.15. The stock has a market capitalization of $1.67 billion, a PE ratio of -11.89 and a beta of 1.18.
In related news, major shareholder Melanie Christine Mosing sold 301,714 shares of Franks International stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $7.71, for a total transaction of $2,326,214.94. Following the sale, the insider now directly owns 10,060,077 shares in the company, valued at approximately $77,563,193.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alejandro Cestero sold 5,900 shares of Franks International stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $7.48, for a total transaction of $44,132.00. Following the sale, the senior vice president now owns 58 shares in the company, valued at $433.84. The disclosure for this sale can be found here. Insiders sold a total of 1,744,863 shares of company stock worth $13,181,328 over the last 90 days. Company insiders own 67.60% of the company’s stock.
A number of large investors have recently made changes to their positions in FI. Massachusetts Financial Services Co. MA increased its stake in Franks International by 7.4% in 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 purchasing an additional 458,613 shares during the period. BlackRock Inc. increased its stake in Franks International by 10.2% in the fourth quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock valued at $30,669,000 after purchasing an additional 426,376 shares during the period. Eaton Vance Management acquired a new position in Franks International in the fourth quarter valued at $10,012,000. Wells Fargo & Company MN increased its stake in Franks International by 392.8% in 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 purchasing an additional 830,592 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Franks International by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 878,010 shares of the pipeline company’s stock valued at $4,768,000 after purchasing an additional 96,478 shares during the period. Hedge funds and other institutional investors own 33.57% of the company’s stock.
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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