Franks International NV (FI) Expected to Announce Earnings of -$0.11 Per Share

Equities research analysts predict that Franks International NV (NYSE:FI) will announce earnings per share of ($0.11) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Franks International’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.11). Franks International reported earnings of ($0.18) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.9%. The company is expected to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Franks International will report full year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.46) to ($0.44). For the next year, analysts expect that the company will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.36) to ($0.26). Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Franks International.

Franks International (NYSE:FI) last issued its quarterly earnings data on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $120.42 million. Franks International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share.

FI has been the subject of a number of research analyst reports. Royal Bank of Canada set a $7.00 target price on Franks International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Jefferies Group set a $7.00 target price on Franks International and gave the stock a “hold” rating in a research report on Thursday, January 4th. Scotiabank restated a “hold” rating and issued a $12.00 target price on shares of Franks International in a research report on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating on shares of Franks International in a research report on Sunday, October 22nd. Finally, Deutsche Bank initiated coverage on Franks International in a research report on Tuesday, October 10th. They issued a “hold” rating and a $7.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Franks International presently has a consensus rating of “Hold” and a consensus price target of $7.61.

In other news, major shareholder Melanie Christine Mosing sold 300,610 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $6.51, for a total transaction of $1,956,971.10. Following the completion of the sale, the insider now owns 10,591,325 shares in the company, valued at approximately $68,949,525.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Frank Mosing Family L. Michael sold 45,000 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $7.28, for a total value of $327,600.00. Following the sale, the insider now owns 9,273,667 shares of the company’s stock, valued at approximately $67,512,295.76. The disclosure for this sale can be found here. Insiders have sold a total of 4,796,592 shares of company stock valued at $29,774,337 in the last quarter. Insiders own 77.90% of the company’s stock.

Large investors have recently made changes to their positions in the company. FMR LLC lifted its position in shares of Franks International by 4.6% during the 2nd quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock valued at $56,984,000 after acquiring an additional 301,283 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Franks International by 52.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,309 shares of the pipeline company’s stock valued at $2,076,000 after purchasing an additional 86,246 shares during the period. Citadel Advisors LLC raised its stake in Franks International by 10,360.6% during the 2nd quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock valued at $10,446,000 after purchasing an additional 1,248,036 shares during the period. Parametric Portfolio Associates LLC raised its stake in Franks International by 231.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 286,862 shares of the pipeline company’s stock valued at $2,378,000 after purchasing an additional 200,217 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Franks International during the 3rd quarter valued at $1,293,000. Institutional investors own 31.48% of the company’s stock.

Shares of Franks International (NYSE:FI) opened at $7.35 on Friday. The firm has a market capitalization of $1,720.16, a P/E ratio of -13.87 and a beta of 1.10. Franks International has a 52-week low of $5.79 and a 52-week high of $13.00.

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Franks International Company Profile

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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Earnings History and Estimates for Franks International (NYSE:FI)

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