Brokerages forecast that NCS Multistage Holdings Inc (NASDAQ:NCSM) will report sales of $79.34 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for NCS Multistage’s earnings. The lowest sales estimate is $77.01 million and the highest is $82.00 million. NCS Multistage posted sales of $55.96 million during the same quarter last year, which would indicate a positive year over year growth rate of 41.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 12th.

On average, analysts expect that NCS Multistage will report full year sales of $272.50 million for the current fiscal year, with estimates ranging from $269.56 million to $275.00 million. For the next fiscal year, analysts forecast that the business will post sales of $346.13 million per share, with estimates ranging from $340.09 million to $351.95 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). NCS Multistage had a return on equity of 2.80% and a net margin of 3.16%. The business had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $48.65 million.

NCSM has been the subject of several recent analyst reports. Zacks Investment Research raised NCS Multistage from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Saturday, May 12th. BidaskClub raised NCS Multistage from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 27th. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of NCS Multistage in a report on Thursday, August 9th. ValuEngine raised NCS Multistage from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, Wells Fargo & Co boosted their price objective on NCS Multistage from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Shares of NASDAQ NCSM traded up $0.15 during midday trading on Friday, hitting $16.06. 110,000 shares of the company’s stock were exchanged, compared to its average volume of 134,159. NCS Multistage has a 12-month low of $12.57 and a 12-month high of $24.85. The company has a current ratio of 3.74, a quick ratio of 2.73 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $730.22 million, a price-to-earnings ratio of 80.30 and a beta of 0.76.

In other NCS Multistage news, CAO Wade Bitter sold 12,750 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $16.27, for a total value of $207,442.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in NCS Multistage by 18.1% in the second quarter. FMR LLC now owns 4,311,228 shares of the company’s stock worth $62,642,000 after buying an additional 661,076 shares in the last quarter. Sapience Investments LLC boosted its stake in NCS Multistage by 30.8% in the second quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock worth $10,392,000 after buying an additional 168,366 shares in the last quarter. Jennison Associates LLC boosted its stake in NCS Multistage by 13.4% in the second quarter. Jennison Associates LLC now owns 569,590 shares of the company’s stock worth $8,276,000 after buying an additional 67,402 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in NCS Multistage by 6.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 524,098 shares of the company’s stock worth $7,615,000 after buying an additional 32,900 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in NCS Multistage by 4.6% in the second quarter. BlackRock Inc. now owns 513,917 shares of the company’s stock worth $7,468,000 after buying an additional 22,742 shares in the last quarter. 94.16% of the stock is owned by institutional investors and hedge funds.

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 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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