Frank’s International N.V. (NYSE:FI) – Seaport Global Securities issued their Q3 2017 earnings per share estimates for Frank’s International N.V. in a research report issued on Tuesday. Seaport Global Securities analyst M. Urban expects that the pipeline company will post earnings per share of ($0.11) for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Frank’s International N.V.’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.45) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.06) EPS, FY2018 earnings at ($0.30) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.04) EPS and FY2019 earnings at ($0.15) EPS.

Several other equities research analysts have also recently commented on FI. Capital One Financial Corporation reissued an “equal weight” rating on shares of Frank’s International N.V. in a research note 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 report on Monday. Scotiabank set a $13.00 target price on Frank’s International N.V. and gave the stock a “hold” rating in a report on Tuesday. Jefferies Group LLC restated a “hold” rating and issued a $8.50 target price (down from $10.50) on shares of Frank’s International N.V. in a report on Tuesday. Finally, Barclays PLC reduced their target price on Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday. Five analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Frank’s International N.V. has an average rating of “Hold” and a consensus price target of $9.77.

COPYRIGHT VIOLATION WARNING: “Frank’s International N.V. Forecasted to Earn Q3 2017 Earnings of ($0.11) Per Share (FI)” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/10/franks-international-n-v-forecasted-to-earn-q3-2017-earnings-of-0-11-per-share-fi.html.

Shares of Frank’s International N.V. (FI) opened at 7.01 on Thursday. The firm has a 50-day moving average of $8.09 and a 200 day moving average of $9.56. The firm’s market cap is $1.56 billion. Frank’s International N.V. has a 12 month low of $6.92 and a 12 month high of $14.86.

Frank’s International N.V. (NYSE:FI) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The firm had revenue of $117.70 million during the quarter, compared to analyst estimates of $113.41 million. During the same period last year, the business earned ($0.20) EPS. The firm’s revenue was down 2.7% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in FI. BlueCrest Capital Management Ltd purchased a new stake in Frank’s International N.V. during the first quarter worth about $116,000. Legal & General Group Plc boosted its stake in Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after buying an additional 12,163 shares in the last quarter. Kelman Lazarov Inc. boosted its stake in Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock worth $119,000 after buying an additional 3,750 shares in the last quarter. Boyer & Corporon Wealth Management LLC purchased a new stake in Frank’s International N.V. during the first quarter worth about $120,000. Finally, Anchor Capital Advisors LLC purchased a new stake in Frank’s International N.V. during the first quarter worth about $121,000. Institutional investors and hedge funds own 30.12% of the company’s stock.

In other 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 transaction 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 filing with the SEC, which can be accessed through this link. 77.90% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.28%. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -40.00%.

Frank’s International N.V. announced that its board has initiated a share repurchase plan on Thursday, May 25th that permits the company to buyback 1,000% of outstanding shares. This buyback authorization permits the pipeline company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management 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.

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

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.