$235.10 Million in Sales Expected for FTS International Inc (FTSI) This Quarter

Wall Street brokerages expect that FTS International Inc (NYSE:FTSI) will announce $235.10 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for FTS International’s earnings, with the highest sales estimate coming in at $245.30 million and the lowest estimate coming in at $228.10 million. FTS International posted sales of $493.30 million in the same quarter last year, which indicates a negative year over year growth rate of 52.3%. The company is expected to report its next earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that FTS International will report full-year sales of $961.66 million for the current year, with estimates ranging from $893.00 million to $1.05 billion. For the next year, analysts forecast that the company will post sales of $1.10 billion, with estimates ranging from $1.03 billion to $1.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow FTS International.

FTS International (NYSE:FTSI) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). FTS International had a return on equity of 301.48% and a net margin of 9.60%. The firm had revenue of $222.50 million during the quarter, compared to analyst estimates of $232.70 million.

FTSI has been the topic of a number of research reports. Piper Jaffray Companies set a $9.00 price objective on FTS International and gave the stock a “buy” rating in a report on Tuesday, May 14th. Bank of America upgraded FTS International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Co downgraded FTS International from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $11.23 to $11.50 in a report on Friday, March 29th. Zacks Investment Research downgraded FTS International from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, Morgan Stanley set a $13.00 price objective on FTS International and gave the stock a “buy” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.05.

A number of hedge funds have recently made changes to their positions in FTSI. Great West Life Assurance Co. Can acquired a new position in FTS International during the fourth quarter valued at approximately $38,000. Acadian Asset Management LLC grew its holdings in FTS International by 1,904.0% during the fourth quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock valued at $54,000 after purchasing an additional 7,140 shares during the last quarter. Legal & General Group Plc grew its holdings in FTS International by 42.5% during the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock valued at $58,000 after purchasing an additional 1,468 shares during the last quarter. Cipher Capital LP acquired a new position in FTS International during the fourth quarter valued at approximately $73,000. Finally, BNP Paribas Arbitrage SA grew its holdings in FTS International by 262.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock valued at $75,000 after purchasing an additional 5,403 shares during the last quarter. Institutional investors own 66.34% of the company’s stock.

NYSE:FTSI traded down $0.16 during mid-day trading on Thursday, reaching $5.73. The stock had a trading volume of 578,907 shares, compared to its average volume of 505,772. FTS International has a fifty-two week low of $5.51 and a fifty-two week high of $17.56. The company has a market capitalization of $655.80 million, a P/E ratio of 2.43, a P/E/G ratio of 2.31 and a beta of 1.87. The company has a debt-to-equity ratio of 9.17, a quick ratio of 2.00 and a current ratio of 2.41.

About FTS International

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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Earnings History and Estimates for FTS International (NYSE:FTSI)

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