Franks International NV (FI) Announces Quarterly Earnings, Misses Expectations By $0.08 EPS
Franks International NV (NYSE:FI) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.08, AnalystRatings.Net reports. The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $277.99 million. The company’s revenue for the quarter was down 6.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Tudor Pickering downgraded shares of Franks International NV from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 23rd. On the ratings front, analysts at Jefferies Group initiated coverage on shares of Franks International NV in a research note on Wednesday, July 16th. They set a “hold” rating and a $25.00 price target on the stock. Finally, analysts at Guggenheim upgraded shares of Franks International NV from a “neutral” rating to a “buy” rating in a research note on Monday, May 19th. They now have a $30.00 price target on the stock, up previously from $27.00. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.63.
Franks International NV (NYSE:FI) traded down 0.31% on Thursday, hitting $22.85. The stock had a trading volume of 215,156 shares. Franks International NV has a 52-week low of $20.76 and a 52-week high of $32.70. The stock’s 50-day moving average is $23.48 and its 200-day moving average is $23.92. The company has a market cap of $3.508 billion and a price-to-earnings ratio of 13.28.
Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.
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