Piper Jaffray Companies Weighs in on FTS International Inc’s Q2 2020 Earnings (FTSI)

FTS International Inc (NYSE:FTSI) – Equities research analysts at Piper Jaffray Companies dropped their Q2 2020 EPS estimates for FTS International in a report issued on Monday, May 13th. Piper Jaffray Companies analyst J. Daniel now expects that the company will earn $0.23 per share for the quarter, down from their prior forecast of $0.34. Piper Jaffray Companies has a “Buy” rating and a $9.00 price target on the stock. Piper Jaffray Companies also issued estimates for FTS International’s Q4 2020 earnings at $0.21 EPS.

Several other research firms have also recently weighed in on FTSI. Zacks Investment Research cut FTS International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Barclays cut FTS International from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.00 to $9.00 in a research report on Tuesday, January 15th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of FTS International in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. FTS International presently has a consensus rating of “Hold” and a consensus target price of $12.05.

FTS International stock opened at $7.68 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 2.00 and a debt-to-equity ratio of 9.17. The company has a market cap of $795.34 million, a price-to-earnings ratio of 3.25, a PEG ratio of 1.75 and a beta of 1.25. FTS International has a fifty-two week low of $5.96 and a fifty-two week high of $22.60.

FTS International (NYSE:FTSI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $222.50 million for the quarter, compared to the consensus estimate of $232.70 million. FTS International had a net margin of 9.60% and a return on equity of 301.48%.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of FTS International by 42.5% during the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock valued at $58,000 after purchasing an additional 1,468 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of FTS International during the fourth quarter valued at approximately $38,000. BNP Paribas Arbitrage SA lifted its holdings in shares of FTS International by 262.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock valued at $75,000 after purchasing an additional 5,403 shares during the last quarter. Acadian Asset Management LLC raised its holdings 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 acquiring an additional 7,140 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in FTS International in the 1st quarter worth approximately $101,000. Hedge funds and other institutional investors own 66.87% of the company’s stock.

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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