$157.01 Million in Sales Expected for Franks International NV (NYSE:FI) This Quarter
Equities research analysts expect Franks International NV (NYSE:FI) to announce sales of $157.01 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Franks International’s earnings, with the lowest sales estimate coming in at $156.40 million and the highest estimate coming in at $158.23 million. Franks International reported sales of $128.99 million during the same quarter last year, which indicates a positive year over year growth rate of 21.7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Franks International will report full year sales of $614.90 million for the current year, with estimates ranging from $605.00 million to $623.11 million. For the next year, analysts forecast that the firm will post sales of $685.74 million, with estimates ranging from $645.00 million to $704.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Franks International.
Franks International (NYSE:FI) last released its quarterly earnings results on Tuesday, August 6th. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $155.65 million for the quarter, compared to the consensus estimate of $147.60 million. Franks International had a negative return on equity of 6.64% and a negative net margin of 11.54%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS.
In related news, Director Steven B. Mosing sold 250,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $4.56, for a total transaction of $1,140,000.00. Following the completion of the transaction, the director now owns 2,515,206 shares of the company’s stock, valued at approximately $11,469,339.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven B. Mosing sold 34,584 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $4.81, for a total value of $166,349.04. Following the transaction, the director now directly owns 1,493,941 shares of the company’s stock, valued at approximately $7,185,856.21. The disclosure for this sale can be found here. Insiders have sold a total of 2,823,529 shares of company stock valued at $12,561,878 in the last three months. 18.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FI. Bank of America Corp DE lifted its position in shares of Franks International by 9.8% during the 4th quarter. Bank of America Corp DE now owns 41,425 shares of the pipeline company’s stock worth $216,000 after purchasing an additional 3,695 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Franks International by 32.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,103,084 shares of the pipeline company’s stock valued at $16,199,000 after purchasing an additional 757,246 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Franks International by 317.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,352 shares of the pipeline company’s stock valued at $102,000 after purchasing an additional 12,431 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Franks International in the 1st quarter valued at about $79,000. Finally, Comerica Bank raised its stake in shares of Franks International by 18.8% in the 1st quarter. Comerica Bank now owns 349,228 shares of the pipeline company’s stock valued at $2,232,000 after purchasing an additional 55,353 shares during the period. 38.31% of the stock is owned by institutional investors and hedge funds.
Shares of FI traded up $0.26 during trading hours on Monday, hitting $5.36. 1,445,361 shares of the company were exchanged, compared to its average volume of 698,680. The company has a market cap of $1.12 billion, a PE ratio of -12.76 and a beta of 1.52. The firm’s 50 day moving average is $4.80 and its 200-day moving average is $5.71. Franks International has a 52 week low of $3.98 and a 52 week high of $9.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.36 and a current ratio of 4.00.
Franks International Company Profile
Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.
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