Equities research analysts predict that FTS International Inc (NYSE:FTSI) will announce $0.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for FTS International’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.72. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 30th.
On average, analysts expect that FTS International will report full-year earnings of $2.94 per share for the current financial year, with EPS estimates ranging from $2.79 to $3.04. For the next financial year, analysts forecast that the business will post earnings of $2.20 per share, with EPS estimates ranging from $1.43 to $3.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for FTS International.
FTS International (NYSE:FTSI) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.09). The company had revenue of $493.30 million during the quarter, compared to analysts’ expectations of $528.87 million.
Several research analysts have recently issued reports on FTSI shares. Tudor Pickering cut FTS International from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Piper Jaffray Companies set a $19.00 price target on FTS International and gave the stock a “buy” rating in a research note on Monday, August 6th. Morgan Stanley decreased their price target on FTS International from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, August 6th. Credit Suisse Group decreased their price target on FTS International from $26.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, August 2nd. Finally, Capital One Financial reissued an “equal weight” rating on shares of FTS International in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.11.
Large investors have recently added to or reduced their stakes in the company. Ninepoint Partners LP bought a new position in shares of FTS International in the first quarter worth $11,954,000. Feinberg Stephen boosted its stake in FTS International by 144.0% during the second quarter. Feinberg Stephen now owns 927,406 shares of the company’s stock valued at $13,206,000 after buying an additional 547,272 shares in the last quarter. Marathon Asset Management LP bought a new position in FTS International during the first quarter valued at about $7,712,000. Temasek Holdings Private Ltd bought a new position in FTS International during the first quarter valued at about $765,339,000. Finally, BlackRock Inc. bought a new position in FTS International during the first quarter valued at about $51,670,000. 67.35% of the stock is owned by institutional investors.
Shares of FTSI opened at $9.50 on Wednesday. The company has a quick ratio of 2.26, a current ratio of 2.58 and a debt-to-equity ratio of 28.83. FTS International has a 12 month low of $9.38 and a 12 month high of $22.60.
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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