Analysts Offer Predictions for Frank’s International’s FY2019 Earnings (FI)

Frank’s International (NYSE:FI) – Piper Jaffray issued their FY2019 earnings per share (EPS) estimates for Frank’s International in a research report issued on Monday, May 14th. Piper Jaffray analyst I. Macpherson anticipates that the pipeline company will post earnings of ($0.22) per share for the year. Piper Jaffray has a “Hold” rating and a $5.00 price objective on the stock. Piper Jaffray also issued estimates for Frank’s International’s FY2020 earnings at ($0.10) EPS.

A number of other research firms have also commented on FI. ValuEngine raised Frank’s International from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised Frank’s International from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Tudor Pickering raised Frank’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Wolfe Research raised Frank’s International from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 7th. Finally, Seaport Global Securities upgraded Frank’s International from a “sell” rating to a “hold” rating in a report on Monday, March 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.56.

Frank’s International opened at $7.84 on Wednesday, according to Marketbeat Ratings. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -12.85 and a beta of 1.17. Frank’s International has a one year low of $7.41 and a one year high of $7.64.

Frank’s International (NYSE:FI) last released its quarterly earnings results on Tuesday, May 8th. The pipeline company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The business had revenue of $115.60 million for the quarter, compared to the consensus estimate of $117.01 million. Frank’s International had a negative net margin of 38.04% and a negative return on equity of 13.01%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) EPS.

In related news, insider Burney J. Jr. Latiolais sold 13,400 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $7.52, for a total value of $100,768.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Michael Frank Mosing sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $5.16, for a total value of $1,032,000.00. Following the completion of the sale, the insider now owns 803,735 shares in the company, valued at approximately $4,147,272.60. The disclosure for this sale can be found here. Insiders have sold a total of 337,325 shares of company stock worth $2,054,769 in the last quarter. Company insiders own 67.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of FI. Schwab Charles Investment Management Inc. grew its stake in shares of Frank’s International by 6.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 265,543 shares of the pipeline company’s stock worth $2,050,000 after buying an additional 15,234 shares during the last quarter. Unison Advisors LLC purchased a new stake in shares of Frank’s International in the 4th quarter worth approximately $147,000. Comerica Bank grew its stake in shares of Frank’s International by 11.0% in the 4th quarter. Comerica Bank now owns 246,494 shares of the pipeline company’s stock worth $1,854,000 after buying an additional 24,368 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Frank’s International in the 4th quarter worth approximately $126,000. Finally, Wells Fargo & Company MN grew its stake in shares of Frank’s International by 392.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,042,034 shares of the pipeline company’s stock worth $6,930,000 after buying an additional 830,592 shares during the last quarter. Institutional investors own 33.25% of the company’s stock.

About Frank’s International

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.

Earnings History and Estimates for Frank`s International (NYSE:FI)

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