Zacks: Analysts Anticipate Frank’s International N.V. (FI) to Post -$0.10 EPS

Wall Street analysts forecast that Frank’s International N.V. (NYSE:FI) will report earnings per share (EPS) of ($0.10) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Frank’s International N.V.’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.10). Frank’s International N.V. posted earnings of ($0.18) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 44.4%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Frank’s International N.V. will report full year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.34). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.36) to ($0.26). Zacks’ EPS averages are an average based on a survey of research analysts that follow Frank’s International N.V..

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

FI has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $10.00 price objective on shares of Frank’s International N.V. in a report on Friday, September 1st. Deutsche Bank AG assumed coverage on Frank’s International N.V. in a report on Tuesday, October 10th. They issued a “hold” rating and a $7.00 price objective for the company. Credit Suisse Group AG downgraded Frank’s International N.V. from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 7th. 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. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Frank’s International N.V. in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Frank’s International N.V. presently has a consensus rating of “Hold” and an average price target of $8.00.

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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.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Frank’s International N.V. by 244.4% in the first quarter. Morgan Stanley now owns 137,236 shares of the pipeline company’s stock worth $1,451,000 after purchasing an additional 97,391 shares during the period. UBS Group AG boosted its stake in Frank’s International N.V. by 2,045.1% in the first quarter. UBS Group AG now owns 107,167 shares of the pipeline company’s stock valued at $1,133,000 after buying an additional 102,171 shares in the last quarter. FMR LLC boosted its stake in Frank’s International N.V. by 4.6% in the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock valued at $56,984,000 after buying an additional 301,283 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in Frank’s International N.V. by 43.4% in the second quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock valued at $7,941,000 after buying an additional 290,000 shares in the last quarter. Finally, Kelman Lazarov Inc. boosted its stake in Frank’s International N.V. by 115.6% in the second quarter. Kelman Lazarov Inc. now owns 24,250 shares of the pipeline company’s stock valued at $201,000 after buying an additional 13,000 shares in the last quarter. Institutional investors own 30.07% of the company’s stock.

Frank’s International N.V. (NYSE FI) traded down $0.25 during midday trading on Thursday, hitting $6.61. The 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 12 month low of $6.03 and a 12 month high of $13.57.

About Frank’s International N.V.

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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