FTS International Inc (NYSE:FTSI) Expected to Announce Quarterly Sales of $235.10 Million

Equities research analysts expect that FTS International Inc (NYSE:FTSI) will report sales of $235.10 million for the current quarter, Zacks reports. Four analysts have provided estimates for FTS International’s earnings, with estimates ranging from $228.10 million to $245.30 million. FTS International reported sales of $493.30 million in the same quarter last year, which indicates a negative year over year growth rate of 52.3%. The business is expected to announce its next earnings results on Tuesday, July 30th.

On average, 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 financial year, analysts forecast that the firm will report sales of $1.10 billion, with estimates ranging from $1.03 billion to $1.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FTS International.

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

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of FTS International from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, April 19th. Wells Fargo & Co reissued a “hold” rating on shares of FTS International in a research report on Friday, May 10th. Finally, Morgan Stanley set a $13.00 price target on shares of FTS International and gave the company a “buy” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.05.

Shares of FTS International stock opened at $6.26 on Friday. FTS International has a 52-week low of $5.14 and a 52-week high of $15.44. The firm has a market capitalization of $687.69 million, a PE ratio of 2.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.87. The company has a debt-to-equity ratio of 9.17, a current ratio of 2.41 and a quick ratio of 2.00.

Several institutional investors have recently modified their holdings of FTSI. Great West Life Assurance Co. Can bought a new stake in FTS International during the 4th quarter valued at about $38,000. Acadian Asset Management LLC increased its stake in FTS International by 1,904.0% during the 4th 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 in the last quarter. Cipher Capital LP bought a new stake in FTS International during the 4th quarter valued at about $73,000. BNP Paribas Arbitrage SA increased its stake in FTS International by 262.8% during the 1st 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in FTS International by 365.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,884 shares of the company’s stock valued at $77,000 after purchasing an additional 8,544 shares in the last quarter. Institutional investors own 66.34% of the company’s stock.

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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