Frank’s International N.V. (NYSE:FI) – Analysts at Capital One Financial Corporation decreased their FY2017 earnings per share estimates for shares of Frank’s International N.V. in a research report issued on Tuesday. Capital One Financial Corporation analyst J. Gibney now forecasts that the pipeline company will earn ($0.46) per share for the year, down from their prior forecast of ($0.44). Capital One Financial Corporation has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Frank’s International N.V.’s Q4 2017 earnings at ($0.11) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.08) EPS and FY2018 earnings at ($0.37) EPS.

A number of other analysts have also recently weighed in on FI. Seaport Global Securities reaffirmed a “neutral” rating on shares of Frank’s International N.V. in a research note on Tuesday. Piper Jaffray Companies set a $8.00 target price on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research note on Monday, August 7th. Scotiabank set a $13.00 target price on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.50 target price (down previously from $10.50) on shares of Frank’s International N.V. in a research note on Tuesday. Finally, Barclays PLC decreased their target price on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Frank’s International N.V. presently has an average rating of “Hold” and an average price target of $9.77.

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Frank’s International N.V. (NYSE FI) opened at 7.16 on Thursday. The firm has a 50-day moving average price of $8.06 and a 200-day moving average price of $9.50. The company’s market capitalization is $1.60 billion. Frank’s International N.V. has a 12 month low of $6.92 and a 12 month high of $14.86.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.02. The firm had revenue of $117.70 million during the quarter, compared to the consensus estimate of $113.41 million. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.20) earnings per share.

Several hedge funds have recently modified their holdings of FI. UBS Asset Management Americas Inc. acquired a new stake in shares of Frank’s International N.V. during the first quarter valued at $615,000. Swiss National Bank boosted its stake in shares of Frank’s International N.V. by 37.7% in the first quarter. Swiss National Bank now owns 91,600 shares of the pipeline company’s stock valued at $968,000 after buying an additional 25,100 shares in the last quarter. Comerica Bank acquired a new stake in shares of Frank’s International N.V. during the first quarter valued at $2,031,000. Bank of New York Mellon Corp boosted its stake in shares of Frank’s International N.V. by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 193,628 shares of the pipeline company’s stock valued at $2,047,000 after buying an additional 15,430 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in shares of Frank’s International N.V. during the first quarter valued at $178,000. 30.12% of the stock is currently owned by institutional investors.

In related news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now owns 9,903,867 shares of the company’s stock, valued at $83,192,482.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 77.90% of the company’s stock.

Frank’s International N.V. announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 25th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the pipeline company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.19%. Frank’s International N.V.’s dividend payout ratio is -40.00%.

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.

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

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