Frank’s International N.V. (FI) Expected to Post Quarterly Sales of $118.11 Million

Wall Street analysts expect Frank’s International N.V. (NYSE:FI) to post sales of $118.11 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Frank’s International N.V.’s earnings, with the lowest sales estimate coming in at $114.10 million and the highest estimate coming in at $126.30 million. Frank’s International N.V. posted sales of $107.99 million during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

On average, analysts expect that Frank’s International N.V. will report full-year sales of $118.11 million for the current financial year, with estimates ranging from $450.60 million to $476.48 million. For the next fiscal year, analysts anticipate that the firm will post sales of $526.24 million per share, with estimates ranging from $485.00 million to $575.71 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Frank’s International N.V..

Frank’s International N.V. (NYSE:FI) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Frank’s International N.V. had a negative return on equity of 9.25% and a negative net margin of 26.21%. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $120.42 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The business’s revenue was up 2.8% on a year-over-year basis.

Several brokerages have issued reports on FI. Deutsche Bank AG began coverage on Frank’s International N.V. in a report on Tuesday, October 10th. They set a “hold” rating and a $7.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 price target on shares of Frank’s International N.V. in a report on Friday, September 1st. J P Morgan Chase & Co cut their price target on Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Jefferies Group LLC set a $9.00 price target on Frank’s International N.V. and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub downgraded Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.00.

Frank’s International N.V. (NYSE FI) traded down $0.25 during trading hours on Friday, reaching $6.61. The company’s stock had a trading volume of 907,300 shares, compared to its average volume of 1,185,879. Frank’s International N.V. has a 52-week low of $6.03 and a 52-week high of $13.57.

In related news, Director D. Keith Mosing sold 350,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $7.25, for a total value of $2,537,500.00. Following the transaction, the director now owns 446,300 shares in the company, valued at $3,235,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total value of $1,537,500.00. Following the completion of the transaction, the insider now owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The disclosure for this sale can be found here. Insiders sold 3,802,355 shares of company stock worth $26,639,188 in the last 90 days. 77.90% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC grew its position in Frank’s International N.V. by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 161,828 shares of the pipeline company’s stock valued at $1,342,000 after acquiring an additional 468 shares during the last quarter. Nationwide Fund Advisors grew its position in Frank’s International N.V. by 1.9% in the second quarter. Nationwide Fund Advisors now owns 31,391 shares of the pipeline company’s stock valued at $260,000 after acquiring an additional 599 shares during the last quarter. California Public Employees Retirement System grew its position in Frank’s International N.V. by 7.2% in the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after acquiring an additional 1,300 shares during the last quarter. Boston Private Wealth LLC grew its position in Frank’s International N.V. by 13.0% in the second quarter. Boston Private Wealth LLC now owns 44,089 shares of the pipeline company’s stock valued at $365,000 after acquiring an additional 5,084 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Frank’s International N.V. by 5.4% in the first quarter. Teachers Advisors LLC now owns 104,424 shares of the pipeline company’s stock valued at $1,104,000 after acquiring an additional 5,304 shares during the last quarter. Hedge funds and other institutional investors own 30.07% of the company’s stock.

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Frank’s International N.V. Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

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Earnings History and Estimates for Frank`s International N.V. (NYSE:FI)

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