Brokerages Expect FTS International Inc (NYSE:FTSI) to Post $0.11 EPS

Wall Street brokerages expect FTS International Inc (NYSE:FTSI) to announce $0.11 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for FTS International’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.12. FTS International posted earnings of $0.95 per share during the same quarter last year, which suggests a negative year over year growth rate of 88.4%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that FTS International will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.34 to $0.58. For the next financial year, analysts expect that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.42 to $1.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow FTS International.

FTS International (NYSE:FTSI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The business had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $232.70 million. FTS International had a net margin of 9.60% and a return on equity of 301.48%.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of FTS International from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, March 21st. Bank of America upgraded shares of FTS International from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 16th. Piper Jaffray Companies cut shares of FTS International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $9.25 to $6.00 in a research note on Tuesday. Finally, Morgan Stanley set a $13.00 price target on shares of FTS International and gave the company a “buy” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. FTS International has a consensus rating of “Hold” and a consensus target price of $11.75.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can purchased a new stake in FTS International in the 4th quarter worth approximately $38,000. BNP Paribas Arbitrage SA lifted its stake in FTS International by 262.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock worth $75,000 after purchasing an additional 5,403 shares in the last quarter. Acadian Asset Management LLC lifted its stake in FTS International by 1,904.0% in the 4th quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock worth $54,000 after purchasing an additional 7,140 shares in the last quarter. SG Americas Securities LLC purchased a new stake in FTS International in the 1st quarter worth approximately $101,000. Finally, Cipher Capital LP purchased a new stake in FTS International in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 66.34% of the company’s stock.

Shares of FTSI stock traded down $0.15 during trading on Thursday, reaching $5.61. 20,001 shares of the company’s stock traded hands, compared to its average volume of 890,092. The company has a market capitalization of $687.68 million, a P/E ratio of 2.31, a P/E/G ratio of 2.35 and a beta of 1.88. The company has a debt-to-equity ratio of 9.17, a current ratio of 2.41 and a quick ratio of 2.00. The stock has a 50-day moving average price of $6.75. FTS International has a 1 year low of $5.14 and a 1 year high of $15.43.

FTS International Company Profile

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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Earnings History and Estimates for FTS International (NYSE:FTSI)

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