Wall Street brokerages expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to announce earnings of $0.21 per share for the current quarter, Zacks reports. Four analysts have made estimates for NCS Multistage’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.18. NCS Multistage reported earnings of $0.09 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 133.3%. The business is scheduled to report its next quarterly earnings report on Monday, November 12th.
According to Zacks, analysts expect that NCS Multistage will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.50 to $0.59. For the next financial year, analysts forecast that the company will post earnings of $0.92 per share, with EPS estimates ranging from $0.87 to $1.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover NCS Multistage.
NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $43.40 million during the quarter, compared to the consensus estimate of $48.65 million. NCS Multistage had a net margin of 3.16% and a return on equity of 2.80%.
Several research firms recently weighed in on NCSM. Wells Fargo & Co lifted their price objective on NCS Multistage from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Royal Bank of Canada restated a “buy” rating and issued a $19.00 price objective on shares of NCS Multistage in a report on Thursday, August 9th. BidaskClub upgraded NCS Multistage from a “hold” rating to a “buy” rating in a report on Saturday, September 29th. Zacks Investment Research upgraded NCS Multistage from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, ValuEngine upgraded NCS Multistage from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NCS Multistage has a consensus rating of “Buy” and an average price target of $21.71.
In other NCS Multistage news, CAO Wade Bitter sold 12,750 shares of NCS Multistage stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $16.27, for a total value of $207,442.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 13,650 shares of company stock worth $222,083 in the last quarter. 11.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its stake in NCS Multistage by 2.9% in the first quarter. Northern Trust Corp now owns 126,216 shares of the company’s stock valued at $1,894,000 after purchasing an additional 3,568 shares during the last quarter. JPMorgan Chase & Co. grew its stake in NCS Multistage by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after purchasing an additional 4,322 shares during the last quarter. Bank of New York Mellon Corp grew its stake in NCS Multistage by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock valued at $723,000 after purchasing an additional 7,519 shares during the last quarter. Gagnon Securities LLC grew its stake in NCS Multistage by 40.2% in the second quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock valued at $523,000 after purchasing an additional 10,328 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in NCS Multistage in the first quarter valued at about $257,000. Institutional investors own 95.80% of the company’s stock.
Shares of NCSM stock traded down $0.18 on Friday, hitting $16.60. The stock had a trading volume of 22,041 shares, compared to its average volume of 125,654. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.74 and a quick ratio of 2.73. The company has a market capitalization of $741.45 million, a P/E ratio of 83.00 and a beta of 0.76. NCS Multistage has a one year low of $12.57 and a one year high of $22.61.
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 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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