Franks International NV (NYSE:FI) Expected to Post Quarterly Sales of $144.83 Million

Wall Street analysts expect Franks International NV (NYSE:FI) to post sales of $144.83 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Franks International’s earnings. The highest sales estimate is $153.00 million and the lowest is $140.48 million. Franks International posted sales of $145.85 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.7%. The firm is expected to announce its next earnings report on Monday, February 24th.

On average, analysts expect that Franks International will report full-year sales of $588.12 million for the current fiscal year, with estimates ranging from $580.00 million to $610.00 million. For the next financial year, analysts expect that the company will post sales of $640.84 million, with estimates ranging from $615.00 million to $678.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Franks International.

Franks International (NYSE:FI) last released its earnings results on Tuesday, November 5th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). Franks International had a negative return on equity of 7.98% and a negative net margin of 14.18%. The firm had revenue of $140.42 million during the quarter, compared to analysts’ expectations of $157.87 million. During the same period in the prior year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year.

A number of analysts have issued reports on FI shares. Zacks Investment Research raised Franks International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. ValuEngine raised Franks International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

In other news, Director Steven B. Mosing sold 94,538 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.43, for a total value of $418,803.34. Following the completion of the transaction, the director now directly owns 1,493,941 shares of the company’s stock, valued at $6,618,158.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven B. Mosing sold 34,584 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $4.81, for a total value of $166,349.04. Following the completion of the transaction, the director now directly owns 1,493,941 shares of the company’s stock, valued at $7,185,856.21. The disclosure for this sale can be found here. Insiders sold 2,823,529 shares of company stock valued at $12,561,878 over the last ninety days. Corporate insiders own 18.20% of the company’s stock.

A number of large investors have recently bought and sold shares of FI. Massachusetts Financial Services Co. MA raised its stake in Franks International by 12.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,918,086 shares of the pipeline company’s stock valued at $51,861,000 after buying an additional 1,188,338 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Franks International by 1,288.0% during the third quarter. Tower Research Capital LLC TRC now owns 33,798 shares of the pipeline company’s stock worth $161,000 after buying an additional 31,363 shares during the period. Rhumbline Advisers lifted its stake in shares of Franks International by 10.6% during the third quarter. Rhumbline Advisers now owns 148,592 shares of the pipeline company’s stock worth $706,000 after buying an additional 14,267 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Franks International during the third quarter worth $1,849,000. Finally, SeaBridge Investment Advisors LLC lifted its stake in shares of Franks International by 26.2% during the third quarter. SeaBridge Investment Advisors LLC now owns 131,060 shares of the pipeline company’s stock worth $623,000 after buying an additional 27,250 shares during the period. 38.76% of the stock is owned by institutional investors.

NYSE:FI opened at $5.41 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.84 and a quick ratio of 3.14. The business has a fifty day simple moving average of $4.92 and a two-hundred day simple moving average of $5.30. Franks International has a 1 year low of $3.98 and a 1 year high of $8.46. The company has a market capitalization of $1.20 billion, a P/E ratio of -12.88 and a beta of 1.55.

Franks International Company Profile

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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Earnings History and Estimates for Franks International (NYSE:FI)

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