Frank s International Plans Dividend of $0.08 (FI)
Frank s International (NYSE:FI) announced a dividend on Thursday, May 1st, American Banking News reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.075 per share on Friday, June 20th. The ex-dividend date is Wednesday, May 28th.
FI has been the subject of a number of recent research reports. Analysts at Guggenheim upgraded shares of Frank s International from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $30.00 price target on the stock, up previously from $27.00. On a related note, analysts at Zacks downgraded shares of Frank s International from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 16th. They now have a $23.20 price target on the stock. Finally, analysts at Zacks upgraded shares of Frank s International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. They now have a $24.50 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.40.
Frank s International (NYSE:FI) opened at 23.39 on Thursday. Frank s International has a 1-year low of $20.76 and a 1-year high of $32.70. The stock’s 50-day moving average is $25.00 and its 200-day moving average is $24.89. The company has a market cap of $3.591 billion and a P/E ratio of 13.69.
Frank s International (NYSE:FI) last announced its earnings results on Thursday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.03. The company had revenue of $264.50 million for the quarter, compared to the consensus estimate of $266.60 million. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that Frank s International will post $1.28 EPS for the current fiscal year.
In other Frank s International news, major shareholder D. Keith Mosing purchased 54,320 shares of Frank s International stock in a transaction dated Friday, May 16th. The stock was purchased at an average cost of $22.92 per share, with a total value of $1,245,014.40. Following the completion of the acquisition, the insider now directly owns 129,320 shares of the company’s stock, valued at approximately $2,964,014. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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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