Brokerages Expect NCS Multistage Holdings Inc (NCSM) Will Post Quarterly Sales of $40.84 Million

Wall Street brokerages predict that NCS Multistage Holdings Inc (NASDAQ:NCSM) will post sales of $40.84 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for NCS Multistage’s earnings, with the highest sales estimate coming in at $44.79 million and the lowest estimate coming in at $38.00 million. NCS Multistage posted sales of $43.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that NCS Multistage will report full-year sales of $209.20 million for the current year, with estimates ranging from $202.00 million to $220.28 million. For the next year, analysts expect that the firm will report sales of $257.07 million, with estimates ranging from $239.00 million to $282.48 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). NCS Multistage had a negative net margin of 101.98% and a negative return on equity of 1.11%. The company had revenue of $52.85 million during the quarter, compared to analysts’ expectations of $54.65 million.

Several equities research analysts have issued reports on NCSM shares. ValuEngine raised NCS Multistage from a “sell” rating to a “hold” rating in a report on Sunday, March 17th. Piper Jaffray Companies set a $6.00 price target on NCS Multistage and gave the company a “buy” rating in a report on Wednesday, May 8th. BidaskClub downgraded NCS Multistage from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Citigroup cut their price target on NCS Multistage from $6.50 to $5.50 and set a “neutral” rating for the company in a report on Tuesday, March 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.30.

Institutional investors and hedge funds have recently bought and sold shares of the company. M&T Bank Corp acquired a new position in shares of NCS Multistage during the first quarter worth approximately $83,000. SEI Investments Co acquired a new position in shares of NCS Multistage during the first quarter worth approximately $245,000. Goldman Sachs Group Inc. grew its holdings in NCS Multistage by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 940,567 shares of the company’s stock worth $4,872,000 after buying an additional 41,733 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in NCS Multistage by 35.6% during the first quarter. ArrowMark Colorado Holdings LLC now owns 2,134,303 shares of the company’s stock worth $11,056,000 after buying an additional 560,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in NCS Multistage by 27.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 75,087 shares of the company’s stock worth $389,000 after buying an additional 16,043 shares in the last quarter. 92.57% of the stock is owned by institutional investors.

Shares of NASDAQ:NCSM traded down $0.18 during midday trading on Thursday, hitting $2.80. The stock had a trading volume of 52,957 shares, compared to its average volume of 102,918. NCS Multistage has a 12 month low of $2.72 and a 12 month high of $17.81. The stock has a market capitalization of $130.68 million, a PE ratio of 14.00 and a beta of 1.90. The company has a current ratio of 5.44, a quick ratio of 3.72 and a debt-to-equity ratio of 0.14.

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, Canada, 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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