Equities analysts expect Franks International NV (NYSE:FI) to announce sales of $156.41 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Franks International’s earnings, with the highest sales estimate coming in at $158.23 million and the lowest estimate coming in at $154.00 million. Franks International reported sales of $128.99 million during the same quarter last year, which suggests a positive year over year growth rate of 21.3%. The company is expected to issue its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Franks International will report full-year sales of $614.42 million for the current financial year, with estimates ranging from $605.00 million to $623.11 million. For the next financial year, analysts anticipate that the business will post sales of $691.28 million, with estimates ranging from $645.00 million to $719.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Franks International.
Franks International (NYSE:FI) last released its quarterly earnings results on Tuesday, August 6th. The pipeline company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). The firm had revenue of $155.65 million for the quarter, compared to analyst estimates of $147.60 million. Franks International had a negative net margin of 11.54% and a negative return on equity of 6.64%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) EPS.
FI stock traded up $0.08 during midday trading on Friday, hitting $4.66. 17,693 shares of the stock traded hands, compared to its average volume of 666,362. The firm has a market cap of $989.25 million, a P/E ratio of -11.02 and a beta of 1.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.00 and a quick ratio of 3.36. The stock’s fifty day simple moving average is $5.32 and its 200-day simple moving average is $5.90. Franks International has a 1-year low of $3.98 and a 1-year high of $9.12.
In other Franks International news, Director Steven B. Mosing sold 63,679 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $6.01, for a total transaction of $382,710.79. Following the transaction, the director now directly owns 2,998,819 shares of the company’s stock, valued at $18,022,902.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven B. Mosing sold 103,321 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $5.84, for a total transaction of $603,394.64. Following the transaction, the director now directly owns 2,998,819 shares in the company, valued at $17,513,102.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 337,000 shares of company stock worth $1,999,305. Insiders own 18.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Magnetar Financial LLC purchased a new stake in shares of Franks International during the 2nd quarter worth approximately $371,000. Royal Bank of Canada increased its position in Franks International by 5.9% during the 2nd quarter. Royal Bank of Canada now owns 119,625 shares of the pipeline company’s stock worth $653,000 after purchasing an additional 6,678 shares in the last quarter. Waddell & Reed Financial Inc. increased its position in Franks International by 31.4% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 895,363 shares of the pipeline company’s stock worth $4,889,000 after purchasing an additional 213,868 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Franks International during the 2nd quarter worth approximately $2,517,000. Finally, Price T Rowe Associates Inc. MD increased its position in Franks International by 16.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,508,859 shares of the pipeline company’s stock worth $84,678,000 after purchasing an additional 2,180,324 shares in the last quarter. 40.12% of the stock is currently owned by institutional investors and hedge funds.
Franks International Company Profile
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.
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