Analysts forecast that FTS International Inc (NYSE:FTSI) will post sales of $232.70 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for FTS International’s earnings. The lowest sales estimate is $224.90 million and the highest is $238.90 million. FTS International posted sales of $467.50 million during the same quarter last year, which suggests a negative year-over-year growth rate of 50.2%. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 7th.
According to Zacks, analysts expect that FTS International will report full year sales of $1.02 billion for the current year, with estimates ranging from $969.00 million to $1.05 billion. For the next year, analysts forecast that the firm will report sales of $1.23 billion, with estimates ranging from $1.13 billion to $1.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover FTS International.
FTS International (NYSE:FTSI) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). FTS International had a net margin of 16.74% and a return on equity of 933.45%. The company had revenue of $248.10 million for the quarter, compared to analyst estimates of $246.15 million. During the same quarter last year, the company earned $0.60 EPS. The business’s revenue was down 45.9% compared to the same quarter last year.
Several brokerages recently weighed in on FTSI. Zacks Investment Research upgraded shares of FTS International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, April 19th. Wells Fargo & Co downgraded shares of FTS International from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $11.23 to $11.50 in a report on Friday, March 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. FTS International presently has an average rating of “Hold” and a consensus target price of $13.85.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its position in shares of FTS International by 17.5% during the 3rd quarter. Vanguard Group Inc now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after purchasing an additional 379,696 shares during the period. Bank of New York Mellon Corp increased its position in FTS International by 31.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 124,798 shares of the company’s stock valued at $1,471,000 after buying an additional 30,075 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in FTS International by 47.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 213,812 shares of the company’s stock valued at $2,521,000 after buying an additional 68,364 shares in the last quarter. Denali Advisors LLC bought a new stake in FTS International in the 1st quarter valued at about $182,000. Finally, Vanguard Group Inc. increased its position in FTS International by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after buying an additional 379,696 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.
Shares of NYSE:FTSI opened at $10.79 on Tuesday. FTS International has a twelve month low of $5.96 and a twelve month high of $22.60. The company has a debt-to-equity ratio of 4.71, a quick ratio of 2.59 and a current ratio of 3.09. The company has a market capitalization of $1.17 billion, a P/E ratio of 1.43, a price-to-earnings-growth ratio of 2.46 and a beta of 1.25.
FTS International Company Profile
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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