Analysts forecast that NCS Multistage Holdings Inc (NASDAQ:NCSM) will report earnings per share (EPS) of $0.18 for the current quarter, Zacks reports. Four analysts have issued estimates for NCS Multistage’s earnings, with estimates ranging from $0.17 to $0.20. NCS Multistage reported earnings per share of $0.09 in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The company is scheduled to issue its next earnings results on Monday, November 12th.
On average, analysts expect that NCS Multistage will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.37 to $0.50. For the next financial year, analysts forecast that the company will report earnings of $0.81 per share, with EPS estimates ranging from $0.69 to $0.91. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover NCS Multistage.
NCS Multistage (NASDAQ:NCSM) last posted its earnings results on Wednesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The firm had revenue of $43.40 million for the quarter, compared to analyst estimates of $48.65 million. NCS Multistage had a net margin of 3.16% and a return on equity of 2.80%.
A number of research firms have issued reports on NCSM. BidaskClub raised shares of NCS Multistage from a “hold” rating to a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Co lowered shares of NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research note on Monday, October 15th. ValuEngine raised shares of NCS Multistage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of NCS Multistage in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.86.
In other news, CAO Wade Bitter sold 12,750 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $16.27, for a total value of $207,442.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 13,650 shares of company stock valued at $222,083. Company insiders own 11.70% of the company’s stock.
Several large investors have recently modified their holdings of NCSM. Viking Fund Management LLC acquired a new stake in shares of NCS Multistage in the 3rd quarter worth approximately $165,000. JPMorgan Chase & Co. lifted its stake in shares of NCS Multistage by 54.5% in the 1st quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock worth $184,000 after acquiring an additional 4,322 shares during the period. Millennium Management LLC acquired a new stake in shares of NCS Multistage in the 1st quarter worth approximately $257,000. Energy Opportunities Capital Management LLC acquired a new stake in shares of NCS Multistage in the 2nd quarter worth approximately $259,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of NCS Multistage in the 1st quarter worth approximately $405,000. 95.82% of the stock is owned by institutional investors.
NCS Multistage stock opened at $11.41 on Wednesday. The company has a quick ratio of 2.73, a current ratio of 3.74 and a debt-to-equity ratio of 0.06. The stock has a market cap of $525.43 million, a price-to-earnings ratio of 53.18 and a beta of 0.77. NCS Multistage has a 52-week low of $11.23 and a 52-week high of $22.31.
NCS Multistage Company Profile
NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.
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