Analysts forecast that Frank’s International N.V. (NYSE:FI) will post sales of $122.81 million for the current quarter, according to Zacks. Three analysts have made estimates for Frank’s International N.V.’s earnings, with the highest sales estimate coming in at $127.60 million and the lowest estimate coming in at $120.13 million. Frank’s International N.V. reported sales of $105.11 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.8%. The business is expected to announce its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Frank’s International N.V. will report full-year sales of $122.81 million for the current financial year, with estimates ranging from $466.91 million to $499.20 million. For the next financial year, analysts expect that the business will report sales of $593.31 million per share, with estimates ranging from $554.63 million to $650.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Frank’s International N.V..

Frank’s International N.V. (NYSE:FI) last posted its earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.02. The company had revenue of $117.70 million for the quarter, compared to analyst estimates of $113.41 million. Frank’s International N.V. had a negative return on equity of 8.89% and a negative net margin of 35.28%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned ($0.20) earnings per share.

Several equities analysts have issued reports on FI shares. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Frank’s International N.V. in a research report on Monday. Piper Jaffray Companies set a $8.00 target price on Frank’s International N.V. and gave the stock a “hold” rating in a research report on Monday. Barclays PLC dropped their target price on Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $8.50 target price (down previously from $10.50) on shares of Frank’s International N.V. in a research report on Tuesday. Finally, Scotiabank set a $13.00 target price on Frank’s International N.V. and gave the stock a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Frank’s International N.V. currently has an average rating of “Hold” and a consensus price target of $9.77.

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In related news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now owns 9,903,867 shares in the company, valued at approximately $83,192,482.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 77.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Frank’s International N.V. by 7.1% in the first quarter. FMR LLC now owns 6,572,547 shares of the pipeline company’s stock worth $69,471,000 after buying an additional 437,765 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Frank’s International N.V. by 117.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company’s stock worth $48,727,000 after buying an additional 2,490,837 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Frank’s International N.V. by 206.7% in the first quarter. Wells Fargo & Company MN now owns 4,311,491 shares of the pipeline company’s stock worth $45,573,000 after buying an additional 2,905,522 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Frank’s International N.V. by 24.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company’s stock worth $31,390,000 after buying an additional 576,950 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in Frank’s International N.V. during the first quarter worth $23,095,000. Institutional investors and hedge funds own 30.12% of the company’s stock.

Shares of Frank’s International N.V. (NYSE FI) opened at 7.06 on Wednesday. The firm’s market capitalization is $1.57 billion. The company’s 50-day moving average price is $8.19 and its 200 day moving average price is $9.70. Frank’s International N.V. has a 12-month low of $7.00 and a 12-month high of $14.86.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Tuesday, August 29th. Frank’s International N.V.’s dividend payout ratio is currently -40.00%.

Frank’s International N.V. announced that its board has authorized a share repurchase program on Thursday, May 25th that permits the company to repurchase 1,000% of outstanding shares. This repurchase authorization permits the pipeline company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.

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Earnings History and Estimates for Frank`s International N.V. (NYSE:FI)

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