Analysts Anticipate NCS Multistage Holdings Inc (NCSM) to Announce -$0.03 EPS

Equities analysts expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to report ($0.03) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for NCS Multistage’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.07). NCS Multistage posted earnings per share of $0.21 during the same quarter last year, which would indicate a negative year-over-year growth rate of 114.3%. The business is expected to announce its next earnings results on Monday, May 6th.

According to Zacks, analysts expect that NCS Multistage will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.22) to $0.06. For the next financial year, analysts forecast that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.25 to $0.43. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $50.19 million during the quarter, compared to analysts’ expectations of $49.89 million. NCS Multistage had a positive return on equity of 2.68% and a negative net margin of 83.85%.

Several research analysts recently weighed in on the company. BidaskClub raised NCS Multistage from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Wells Fargo & Co reaffirmed a “hold” rating on shares of NCS Multistage in a research report on Sunday, January 6th. ValuEngine lowered NCS Multistage from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Finally, Citigroup cut their target price on NCS Multistage from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. NCS Multistage currently has a consensus rating of “Hold” and an average price target of $14.08.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in NCS Multistage in the 4th quarter valued at $63,000. Paloma Partners Management Co acquired a new stake in NCS Multistage in the 4th quarter valued at $64,000. Rhumbline Advisers acquired a new stake in NCS Multistage in the 4th quarter valued at $73,000. Energy Opportunities Capital Management LLC acquired a new stake in NCS Multistage in the 4th quarter valued at $76,000. Finally, Viking Fund Management LLC increased its holdings in NCS Multistage by 550.0% in the 4th quarter. Viking Fund Management LLC now owns 65,000 shares of the company’s stock valued at $331,000 after purchasing an additional 55,000 shares in the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Shares of NCSM opened at $5.14 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.19 and a current ratio of 4.47. The firm has a market capitalization of $239.88 million, a P/E ratio of 25.70 and a beta of 2.14. NCS Multistage has a twelve month low of $4.46 and a twelve month high of $18.92.

About NCS Multistage

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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Earnings History and Estimates for NCS Multistage (NASDAQ:NCSM)

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