NCS Multistage Holdings Inc (NCSM) Expected to Announce Earnings of -$0.17 Per Share

Wall Street brokerages expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to announce earnings per share of ($0.17) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for NCS Multistage’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.20). NCS Multistage posted earnings per share of ($0.09) in the same quarter last year, which indicates a negative year-over-year growth rate of 88.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that NCS Multistage will report full-year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.16). For the next financial year, analysts expect that the business will post earnings of $0.17 per share, with EPS estimates ranging from ($0.05) to $0.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $52.85 million during the quarter, compared to the consensus estimate of $54.65 million. NCS Multistage had a negative return on equity of 1.11% and a negative net margin of 101.98%.

A number of equities analysts have issued reports on NCSM shares. ValuEngine upgraded NCS Multistage from a “sell” rating to a “hold” rating in a report on Sunday, March 17th. Piper Jaffray Companies set a $6.00 price objective on NCS Multistage and gave the stock a “buy” rating in a report on Wednesday, May 8th. BidaskClub downgraded NCS Multistage from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded NCS Multistage from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Citigroup decreased their price objective on NCS Multistage from $6.50 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, March 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.30.

In related news, Director Franklin Myers bought 40,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of $2.57 per share, with a total value of $102,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ryan Hummer bought 50,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of $2.63 per share, for a total transaction of $131,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 140,000 shares of company stock worth $364,800. Insiders own 11.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in NCS Multistage by 20.2% in the third quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock valued at $15,360,000 after acquiring an additional 156,341 shares during the period. Foundry Partners LLC lifted its holdings in NCS Multistage by 5.6% in the first quarter. Foundry Partners LLC now owns 386,113 shares of the company’s stock valued at $2,000,000 after acquiring an additional 20,525 shares during the period. Energy Opportunities Capital Management LLC bought a new position in NCS Multistage in the fourth quarter valued at about $76,000. Nisa Investment Advisors LLC bought a new position in NCS Multistage in the fourth quarter valued at about $63,000. Finally, Paloma Partners Management Co bought a new position in NCS Multistage in the fourth quarter valued at about $64,000. 90.77% of the stock is currently owned by institutional investors.

NCSM opened at $2.83 on Wednesday. The company has a quick ratio of 3.72, a current ratio of 5.44 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $132.08 million, a price-to-earnings ratio of 14.15 and a beta of 2.16. NCS Multistage has a 12-month low of $2.46 and a 12-month high of $17.63.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Earnings History and Estimates for NCS Multistage (NASDAQ:NCSM)

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