Analysts forecast that FTS International Inc (NYSE:FTSI) will report earnings per share of $0.29 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for FTS International’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.32. FTS International posted earnings of $0.63 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 54%. The firm is scheduled to report its next earnings report on Friday, March 8th.
According to Zacks, analysts expect that FTS International will report full year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.77. For the next financial year, analysts expect that the business will report earnings of $1.58 per share, with EPS estimates ranging from $0.90 to $2.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover FTS International.
FTS International (NYSE:FTSI) last issued its quarterly earnings results on Monday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.16). FTS International had a negative return on equity of 139.46% and a net margin of 14.98%. The business had revenue of $334.40 million during the quarter, compared to analyst estimates of $388.24 million. FTS International’s revenue for the quarter was down 25.5% on a year-over-year basis.
A number of analysts have issued reports on the company. Stifel Nicolaus assumed coverage on FTS International in a research note on Monday, September 10th. They issued a “hold” rating and a $12.00 price target on the stock. Capital One Financial raised FTS International from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 15th. Zacks Investment Research raised FTS International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine lowered FTS International from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, Barclays decreased their price target on FTS International from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $16.91.
NYSE:FTSI traded up $0.16 during mid-day trading on Wednesday, reaching $6.77. The company’s stock had a trading volume of 848,245 shares, compared to its average volume of 678,944. The company has a current ratio of 2.72, a quick ratio of 2.33 and a debt-to-equity ratio of 7.50. FTS International has a twelve month low of $5.96 and a twelve month high of $22.60. The firm has a market cap of $702.97 million and a price-to-earnings ratio of 0.84.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its stake in shares of FTS International by 17.5% in the 3rd quarter. Vanguard Group Inc now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after purchasing an additional 379,696 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FTS International by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after purchasing an additional 379,696 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of FTS International by 47.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 213,812 shares of the company’s stock valued at $2,521,000 after purchasing an additional 68,364 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of FTS International by 33.2% in the 3rd quarter. Teachers Advisors LLC now owns 172,729 shares of the company’s stock valued at $2,036,000 after purchasing an additional 43,088 shares in the last quarter. Finally, One Wealth Advisors LLC acquired a new position in shares of FTS International in the 3rd quarter valued at about $158,000. 66.71% of the stock is currently owned by institutional investors and hedge funds.
About FTS International
FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.
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