FTS International (FTSI) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

FTS International (NYSE:FTSI) announced its quarterly earnings results on Monday. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.16), MarketWatch Earnings reports. The firm had revenue of $334.40 million during the quarter, compared to the consensus estimate of $388.24 million. FTS International had a negative return on equity of 95.75% and a net margin of 14.98%. FTS International’s revenue was down 25.5% on a year-over-year basis.

NYSE:FTSI opened at $11.92 on Wednesday. FTS International has a 12 month low of $9.38 and a 12 month 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. The stock has a market capitalization of $1.23 billion and a PE ratio of 1.41.

FTSI has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of FTS International from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Wells Fargo & Co lowered shares of FTS International to a “hold” rating in a report on Thursday, September 6th. Capital One Financial reissued an “equal weight” rating on shares of FTS International in a report on Wednesday, July 25th. Guggenheim reissued a “buy” rating and issued a $19.00 price target on shares of FTS International in a report on Thursday, August 2nd. Finally, Stifel Nicolaus raised their price target on shares of FTS International from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. FTS International has an average rating of “Buy” and an average target price of $20.20.

A hedge fund recently raised its stake in FTS International stock. Bank of New York Mellon Corp lifted its stake in FTS International Inc (NYSE:FTSI) by 28.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,723 shares of the company’s stock after purchasing an additional 20,945 shares during the period. Bank of New York Mellon Corp owned 0.09% of FTS International worth $1,349,000 as of its most recent SEC filing. Institutional investors own 67.35% of the company’s stock.

About FTS International

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.

Featured Article: Preferred Stock

Receive News & Ratings for FTS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTS International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply