Brokerages expect Franks International NV (NYSE:FI) to report sales of $157.01 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Franks International’s earnings. The highest sales estimate is $158.23 million and the lowest is $156.40 million. Franks International posted sales of $128.99 million during the same quarter last year, which suggests a positive year over year growth rate of 21.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Franks International will report full-year sales of $614.90 million for the current fiscal year, with estimates ranging from $605.00 million to $623.11 million. For the next fiscal year, analysts anticipate that the firm will post sales of $683.87 million, with estimates ranging from $645.00 million to $704.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Franks International.
Franks International (NYSE:FI) last announced its quarterly earnings results on Tuesday, August 6th. The pipeline company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). The firm had revenue of $155.65 million during the quarter, compared to the consensus estimate of $147.60 million. Franks International had a negative net margin of 11.54% and a negative return on equity of 6.64%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share.
Several equities analysts have recently commented on the stock. Tudor Pickering raised shares of Franks International from a “hold” rating to a “buy” rating and set a $5.49 price objective for the company in a research note on Tuesday, July 2nd. ValuEngine upgraded shares of Franks International from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Franks International from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Franks International presently has a consensus rating of “Hold” and a consensus price target of $7.16.
Franks International stock traded up $0.21 during mid-day trading on Monday, reaching $5.49. The company’s stock had a trading volume of 1,421,900 shares, compared to its average volume of 701,445. The firm’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $5.70. The company has a market capitalization of $1.26 billion, a P/E ratio of -13.07 and a beta of 1.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.36 and a current ratio of 4.00. Franks International has a 12-month low of $3.98 and a 12-month high of $9.12.
In related news, Director Steven B. Mosing sold 250,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $4.56, for a total transaction of $1,140,000.00. Following the completion of the transaction, the director now directly owns 2,515,206 shares of the company’s stock, valued at $11,469,339.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $4.81, for a total transaction of $166,349.04. Following 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 have sold 2,823,529 shares of company stock valued at $12,561,878 over the last ninety days. 18.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC grew its stake in shares of Franks International by 83.9% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 103,810 shares of the pipeline company’s stock worth $567,000 after buying an additional 47,360 shares in the last quarter. Monashee Investment Management LLC bought a new stake in shares of Franks International in the 2nd quarter worth about $546,000. Bank of America Corp DE lifted its holdings in shares of Franks International by 9.8% in the 4th quarter. Bank of America Corp DE now owns 41,425 shares of the pipeline company’s stock worth $216,000 after acquiring an additional 3,695 shares during the last quarter. Comerica Bank lifted its holdings in shares of Franks International by 18.8% in the 1st quarter. Comerica Bank now owns 349,228 shares of the pipeline company’s stock worth $2,232,000 after acquiring an additional 55,353 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Franks International by 3.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 1,440,350 shares of the pipeline company’s stock worth $8,945,000 after acquiring an additional 42,144 shares during the last quarter. 38.31% of the stock is owned by institutional investors.
About Franks International
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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