Frank s International Announces Quarterly Dividend of $0.08 (FI)
Frank s International (NYSE:FI) announced a quarterly dividend on Thursday, February 27th, Stock Ratings Network reports. Investors of record on Friday, February 28th will be paid a dividend of 0.075 per share on Monday, July 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, February 26th.
FI has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Frank s International to an “overweight” rating in a research note on Tuesday. They now have a $30.00 price target on the stock. On a related note, analysts at Howard Weil downgraded shares of Frank s International from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, January 9th. They now have a $30.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Frank s International from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 2nd. They now have a $25.60 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.70.
Frank s International (NYSE:FI) traded up 0.85% on Thursday, hitting $23.65. 901,547 shares of the company’s stock traded hands. Frank s International has a 52 week low of $20.76 and a 52 week high of $32.70. The stock’s 50-day moving average is $23.19 and its 200-day moving average is $26.88. The company has a market cap of $3.631 billion and a P/E ratio of 10.16.
Frank s International (NYSE:FI) last released its earnings data on Monday, February 24th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.04. The company had revenue of $282.10 million for the quarter, compared to the consensus estimate of $266.21 million. Analysts expect that Frank s International will post $1.36 EPS for the current fiscal year.
Frank s International NV is a Netherlands-based company. It provides a broad and comprehensive range of tubular technologies to the oil and gas industry.
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