Equities analysts expect Frank’s International N.V. (NYSE:FI) to report $113.80 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Frank’s International N.V.’s earnings. The lowest sales estimate is $112.20 million and the highest is $117.90 million. Frank’s International N.V. posted sales of $120.95 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Thursday, July 27th.

On average, analysts expect that Frank’s International N.V. will report full-year sales of $113.80 million for the current year, with estimates ranging from $456.20 million to $492.70 million. For the next fiscal year, analysts anticipate that the company will report sales of $582.63 million per share, with estimates ranging from $513.90 million to $650.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Frank’s International N.V..

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Tuesday, May 2nd. The pipeline company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). Frank’s International N.V. had a negative return on equity of 8.41% and a negative net margin of 36.25%. The business had revenue of $110.73 million during the quarter, compared to analysts’ expectations of $107.79 million. Frank’s International N.V.’s revenue for the quarter was down 27.9% on a year-over-year basis.

Several research analysts recently issued reports on FI shares. Zacks Investment Research lowered Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, May 1st. Jefferies Group LLC raised Frank’s International N.V. from an “underperform” rating to a “hold” rating and raised their target price for the stock from $10.00 to $11.00 in a research report on Friday, March 24th. Morgan Stanley lowered their target price on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Tudor Pickering assumed coverage on Frank’s International N.V. in a report on Thursday, March 23rd. They set a “hold” rating for the company. Finally, Barclays PLC set a $9.00 price target on Frank’s International N.V. and gave the stock a “hold” rating in a report on Monday, May 8th. Seven research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Frank’s International N.V. presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Shares of Frank’s International N.V. (FI) traded up 1.70% during midday trading on Friday, hitting $7.78. The company had a trading volume of 6,149,522 shares. The stock’s 50-day moving average price is $8.19 and its 200-day moving average price is $10.64. Frank’s International N.V. has a one year low of $7.02 and a one year high of $16.49. The stock’s market capitalization is $1.73 billion.

The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were paid a $0.075 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 3.86%. Frank’s International N.V.’s dividend payout ratio is presently -36.14%.

TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Anticipate Frank’s International N.V. (FI) Will Post Quarterly Sales of $113.80 Million” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/06/24/zacks-brokerages-anticipate-franks-international-n-v-fi-will-post-quarterly-sales-of-113-80-million.html.

In related news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the completion of the transaction, the insider now directly owns 9,903,867 shares in the company, valued at $83,192,482.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Keith Mosing Family Par Donald sold 450,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $8.43, for a total transaction of $3,793,500.00. Following the completion of the transaction, the insider now owns 9,802,720 shares of the company’s stock, valued at $82,636,929.60. The disclosure for this sale can be found here. Insiders have sold a total of 494,800 shares of company stock valued at $4,171,320 in the last quarter. Company insiders own 77.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Private Wealth LLC raised its position in shares of Frank’s International N.V. by 12.1% in the first quarter. Boston Private Wealth LLC now owns 39,005 shares of the pipeline company’s stock valued at $412,000 after buying an additional 4,208 shares during the period. Anchor Capital Advisors LLC bought a new position in shares of Frank’s International N.V. during the first quarter valued at about $121,000. Norges Bank bought a new position in shares of Frank’s International N.V. during the fourth quarter valued at about $5,008,000. Laurion Capital Management LP bought a new position in shares of Frank’s International N.V. during the first quarter valued at about $6,310,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Frank’s International N.V. by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 479,530 shares of the pipeline company’s stock valued at $5,903,000 after buying an additional 14,721 shares during the period. Institutional investors own 30.24% of the company’s stock.

About Frank’s International N.V.

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.

Get a free copy of the Zacks research report on Frank’s International N.V. (FI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related companies with MarketBeat.com's FREE daily email newsletter.