Brokerages Anticipate Frank’s International (FI) to Announce -$0.13 EPS

Wall Street analysts expect Frank’s International (NYSE:FI) to report earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Frank’s International’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.10). Frank’s International posted earnings per share of ($0.12) in the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Frank’s International will report full year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.54) to ($0.31). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.29) to ($0.08). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Frank’s International.

Frank’s International (NYSE:FI) last released its quarterly earnings results on Tuesday, February 27th. The pipeline company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.15). Frank’s International had a negative net margin of 35.06% and a negative return on equity of 11.22%. The business had revenue of $118.32 million during the quarter, compared to analyst estimates of $115.92 million. During the same quarter last year, the company posted ($0.18) earnings per share. The company’s revenue was up 9.6% on a year-over-year basis.

Several equities research analysts recently weighed in on the stock. Tudor Pickering raised shares of Frank’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised shares of Frank’s International from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Wolfe Research raised shares of Frank’s International from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 7th. Piper Jaffray set a $5.00 price objective on shares of Frank’s International and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Finally, Seaport Global Securities raised shares of Frank’s International from a “sell” rating to a “hold” rating in a research report on Monday, March 5th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Frank’s International currently has a consensus rating of “Hold” and a consensus price target of $7.56.

FI opened at $6.30 on Friday. Frank’s International has a twelve month low of $4.93 and a twelve month high of $9.96.

In other news, major shareholder Michael Frank Mosing sold 200,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $5.16, for a total value of $1,032,000.00. Following the completion of the transaction, the insider now owns 803,735 shares of the company’s stock, valued at $4,147,272.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 67.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Frank’s International by 10.2% in the fourth quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock worth $30,669,000 after acquiring an additional 426,376 shares during the last quarter. Eaton Vance Management bought a new position in Frank’s International in the 4th quarter valued at approximately $10,012,000. Wells Fargo & Company MN raised its holdings in Frank’s International by 392.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,042,034 shares of the pipeline company’s stock valued at $6,930,000 after buying an additional 830,592 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Frank’s International by 271.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 621,247 shares of the pipeline company’s stock valued at $4,132,000 after buying an additional 453,802 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Frank’s International by 14.8% in the 4th quarter. Geode Capital Management LLC now owns 481,376 shares of the pipeline company’s stock valued at $3,201,000 after buying an additional 62,084 shares during the last quarter. 33.20% of the stock is owned by hedge funds and other institutional investors.

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Frank’s International 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 (NYSE:FI)

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