Brokerages Anticipate Franks International NV (FI) to Post -$0.10 Earnings Per Share
Wall Street analysts expect Franks International NV (NYSE:FI) to post earnings per share (EPS) of ($0.10) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Franks International NV’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.09). Franks International NV reported earnings of ($0.14) per share in the same quarter last year, which would indicate a positive year over year growth rate of 28.6%. The firm is expected to report its next earnings report on Thursday, July 27th.
On average, analysts expect that Franks International NV will report full-year earnings of ($0.38) per share for the current year, with EPS estimates ranging from ($0.41) to ($0.33). For the next financial year, analysts anticipate that the business will report earnings of ($0.19) per share, with EPS estimates ranging from ($0.26) to ($0.11). Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Franks International NV.
Franks International NV (NYSE:FI) last announced its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). Franks International NV had a negative return on equity of 1.79% and a negative net margin of 10.60%. The company had revenue of $110.73 million for the quarter, compared to the consensus estimate of $107.79 million. The business’s revenue for the quarter was down 27.9% on a year-over-year basis.
FI has been the topic of a number of analyst reports. Scotiabank set a $14.00 price objective on Franks International NV and gave the stock a “hold” rating in a research note on Friday, February 24th. Guggenheim lowered Franks International NV from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Zacks Investment Research raised Franks International NV from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, March 1st. Jefferies Group LLC reissued a “sell” rating and set a $10.00 target price on shares of Franks International NV in a report on Wednesday, March 22nd. Finally, Tudor Pickering initiated coverage on Franks International NV in a report on Thursday, March 23rd. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.32.
In other Franks International NV news, major shareholder Keith Mosing Family Par Donald sold 248,000 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $12.16, for a total value of $3,015,680.00. Following the transaction, the insider now directly owns 10,252,720 shares of the company’s stock, valued at approximately $124,673,075.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven B. Mosing sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $9.00, for a total value of $18,000,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 50,000 shares of company stock worth $494,100 and sold 2,728,000 shares worth $25,062,680. Corporate insiders own 77.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in Franks International NV by 178.1% in the first quarter. Goldman Sachs Group Inc. now owns 125,440 shares of the pipeline company’s stock worth $1,325,000 after buying an additional 80,333 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Franks International NV during the first quarter worth $6,420,000. Credit Suisse AG increased its stake in Franks International NV by 74.5% in the first quarter. Credit Suisse AG now owns 37,911 shares of the pipeline company’s stock worth $400,000 after buying an additional 16,188 shares during the last quarter. Paloma Partners Management Co bought a new stake in Franks International NV during the first quarter worth $242,000. Finally, Sterneck Capital Management LLC increased its stake in Franks International NV by 215.2% in the first quarter. Sterneck Capital Management LLC now owns 269,030 shares of the pipeline company’s stock worth $2,844,000 after buying an additional 183,683 shares during the last quarter. 20.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Franks International NV (NYSE:FI) traded down 1.05% during trading on Friday, reaching $7.56. The company’s stock had a trading volume of 955,521 shares. The stock’s 50 day moving average price is $8.90 and its 200 day moving average price is $11.08. Franks International NV has a 52 week low of $7.50 and a 52 week high of $16.82. The company’s market cap is $1.68 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, May 31st. Franks International NV’s dividend payout ratio is -81.08%.
About Franks International NV
Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.
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