Franks International NV (NYSE:FI) – Equities research analysts at Piper Jaffray Companies reduced their Q3 2019 earnings per share (EPS) estimates for Franks International in a report issued on Wednesday, August 14th. Piper Jaffray Companies analyst I. Macpherson now forecasts that the pipeline company will post earnings of ($0.05) per share for the quarter, down from their prior forecast of ($0.04). Piper Jaffray Companies also issued estimates for Franks International’s Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.29) EPS, Q3 2020 earnings at ($0.02) EPS and Q4 2020 earnings at ($0.03) EPS.

Several other research firms have also recently commented on FI. ValuEngine upgraded Franks International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Tudor Pickering upgraded Franks International from a “hold” rating to a “buy” rating and set a $5.49 price objective on the stock in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Franks International from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.16.

Shares of FI opened at $4.58 on Monday. The stock’s 50-day moving average is $5.32 and its two-hundred day moving average is $5.90. The stock has a market cap of $989.25 million, a PE ratio of -10.90 and a beta of 1.39. Franks International has a 12 month low of $3.98 and a 12 month high of $9.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.00 and a quick ratio of 3.36.

Franks International (NYSE:FI) last issued its quarterly earnings data on Tuesday, August 6th. The pipeline company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). The company had revenue of $155.65 million for the quarter, compared to analyst estimates of $147.60 million. Franks International had a negative return on equity of 6.64% and a negative net margin of 11.54%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Franks International by 30.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,646 shares of the pipeline company’s stock worth $53,000 after buying an additional 2,006 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Franks International by 9.8% during the 4th quarter. Bank of America Corp DE now owns 41,425 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 3,695 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Franks International during the 2nd quarter valued at $25,000. Two Sigma Advisers LP lifted its position in shares of Franks International by 7.7% during the 4th quarter. Two Sigma Advisers LP now owns 64,600 shares of the pipeline company’s stock valued at $337,000 after acquiring an additional 4,600 shares during the last quarter. Finally, CWM Advisors LLC lifted its position in shares of Franks International by 23.0% during the 2nd quarter. CWM Advisors LLC now owns 33,951 shares of the pipeline company’s stock valued at $185,000 after acquiring an additional 6,344 shares during the last quarter. 40.12% of the stock is owned by institutional investors.

In other Franks International news, Director Steven B. Mosing sold 63,679 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $6.01, for a total transaction of $382,710.79. Following the sale, the director now owns 2,998,819 shares in the company, valued at $18,022,902.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven B. Mosing sold 103,321 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $5.84, for a total value of $603,394.64. Following the transaction, the director now directly owns 2,998,819 shares of the company’s stock, valued at $17,513,102.96. The disclosure for this sale can be found here. Insiders have sold 337,000 shares of company stock worth $1,999,305 in the last 90 days. 18.20% of the stock is currently owned by insiders.

About Franks International

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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Earnings History and Estimates for Franks International (NYSE:FI)

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