Equities research analysts expect that FTS International Inc (NYSE:FTSI) will post earnings per share of $1.05 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for FTS International’s earnings, with the highest EPS estimate coming in at $1.07 and the lowest estimate coming in at $1.02. The business is expected to issue its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that FTS International will report full-year earnings of $4.29 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.33. For the next financial year, analysts expect that the company will report earnings of $4.52 per share, with EPS estimates ranging from $3.43 to $6.08. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow FTS International.
FTS International (NYSE:FTSI) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $5.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $5.02. The company had revenue of $467.50 million for the quarter, compared to the consensus estimate of $468.00 million.
A number of analysts have recently issued reports on FTSI shares. Tudor Pickering started coverage on shares of FTS International in a report on Monday, March 5th. They set a “buy” rating for the company. Cowen reaffirmed a “buy” rating and set a $23.00 price objective on shares of FTS International in a report on Friday, April 13th. Zacks Investment Research cut shares of FTS International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Credit Suisse Group decreased their target price on shares of FTS International from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 2nd. Finally, Wells Fargo & Co cut shares of FTS International from an “outperform” rating to a “market perform” rating and set a $34.00 target price on the stock. in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $29.29.
FTS International opened at $14.24 on Wednesday, according to MarketBeat.com. FTS International has a 52-week low of $13.81 and a 52-week high of $22.60. The company has a debt-to-equity ratio of -8.54, a current ratio of 2.45 and a quick ratio of 2.20.
A number of large investors have recently modified their holdings of FTSI. Wells Fargo & Company MN purchased a new position in FTS International in the 1st quarter worth $3,846,000. Rhumbline Advisers purchased a new position in FTS International in the 1st quarter worth $380,000. Hartree Partners LP purchased a new position in FTS International in the 1st quarter worth $1,011,000. American Century Companies Inc. purchased a new position in FTS International in the 1st quarter worth $2,334,000. Finally, SeaTown Holdings Pte. Ltd. purchased a new position in FTS International in the 1st quarter worth $11,738,000. Institutional investors own 64.20% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FTS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTS International and related companies with MarketBeat.com's FREE daily email newsletter.