Brokerages Expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to Post -$0.17 Earnings Per Share

Brokerages expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to report earnings per share of ($0.17) for the current fiscal quarter, according to Zacks. Four analysts have provided 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 of ($0.09) per share in the same quarter last year, which indicates a negative year over year growth rate of 88.9%. The business is expected to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that NCS Multistage will report full-year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.16). For the next year, analysts expect that the firm will post earnings of $0.14 per share, with EPS estimates ranging from ($0.05) to $0.28. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Monday, May 6th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The company 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%.

Several analysts have recently commented on the company. Piper Jaffray Companies downgraded NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 target price for the company. in a research note on Tuesday. Zacks Investment Research upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. ValuEngine downgraded NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Citigroup reduced their target price on NCS Multistage from $6.50 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. NCS Multistage presently has a consensus rating of “Hold” and a consensus price target of $11.86.

In other NCS Multistage news, Director Franklin Myers purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average price of $2.57 per share, with a total value of $102,800.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ryan Hummer purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired 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. In the last ninety days, insiders purchased 140,000 shares of company stock worth $364,800. 11.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in NCS Multistage by 712.8% in the 1st quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock valued at $27,000 after acquiring an additional 4,605 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of NCS Multistage during the 4th quarter worth approximately $64,000. Rhumbline Advisers bought a new position in shares of NCS Multistage during the 4th quarter worth approximately $73,000. Energy Opportunities Capital Management LLC bought a new position in shares of NCS Multistage during the 4th quarter worth approximately $76,000. Finally, Spark Investment Management LLC bought a new position in shares of NCS Multistage during the 1st quarter worth approximately $194,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of NCSM opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.72 and a current ratio of 5.44. The company has a 50-day moving average price of $2.96. The firm has a market cap of $170.81 million, a P/E ratio of 17.75 and a beta of 2.16. NCS Multistage has a one year low of $2.46 and a one year high of $17.63.

About NCS Multistage

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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