$407.88 Million in Sales Expected for FTS International Inc (FTSI) This Quarter

Wall Street brokerages expect FTS International Inc (NYSE:FTSI) to announce sales of $407.88 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for FTS International’s earnings, with the lowest sales estimate coming in at $388.00 million and the highest estimate coming in at $421.80 million. The company is expected to issue its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that FTS International will report full-year sales of $1.74 billion for the current financial year, with estimates ranging from $1.70 billion to $1.77 billion. For the next financial year, analysts forecast that the firm will post sales of $1.63 billion, with estimates ranging from $1.45 billion to $1.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow FTS International.

FTS International (NYSE:FTSI) last issued its earnings results on Tuesday, July 31st. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.09). The business had revenue of $493.30 million for the quarter, compared to the consensus estimate of $528.87 million.

A number of brokerages have issued reports on FTSI. Zacks Investment Research raised shares of FTS International from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus began coverage on shares of FTS International in a research note on Monday, September 10th. They set a “hold” rating and a $12.00 target price for the company. Wells Fargo & Co lowered shares of FTS International to a “hold” rating in a research note on Thursday, September 6th. Citigroup decreased their target price on shares of FTS International from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Finally, Piper Jaffray Companies set a $19.00 target price on shares of FTS International and gave the company a “buy” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.20.

Shares of NYSE:FTSI traded down $0.05 during trading on Monday, reaching $11.81. 606,509 shares of the company traded hands, compared to its average volume of 685,785. FTS International has a 1-year low of $9.38 and a 1-year high of $22.60. The company has a debt-to-equity ratio of 28.83, a current ratio of 2.58 and a quick ratio of 2.26.

Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. acquired a new stake in shares of FTS International in the 1st quarter valued at $102,000. Sei Investments Co. acquired a new stake in shares of FTS International in the 1st quarter valued at $117,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of FTS International in the 1st quarter valued at $199,000. Paloma Partners Management Co acquired a new stake in shares of FTS International in the 2nd quarter valued at $199,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of FTS International in the 1st quarter valued at $226,000. 67.34% of the stock is owned by institutional investors and hedge funds.

FTS International Company Profile

FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.

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Earnings History and Estimates for FTS International (NYSE:FTSI)

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