Brokers Set Expectations for Franks International NV’s Q3 2018 Earnings (FI)

Franks International NV (NYSE:FI) – Stock analysts at Capital One Financial issued their Q3 2018 EPS estimates for Franks International in a research report issued on Tuesday, November 6th. Capital One Financial analyst L. Lemoine forecasts that the pipeline company will post earnings per share of ($0.10) for the quarter. Capital One Financial also issued estimates for Franks International’s Q4 2018 earnings at ($0.08) EPS, FY2018 earnings at ($0.48) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at ($0.06) EPS, FY2019 earnings at ($0.25) EPS and FY2020 earnings at ($0.19) EPS.

Franks International (NYSE:FI) last issued its quarterly earnings data on Tuesday, November 6th. The pipeline company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.05. Franks International had a negative net margin of 37.17% and a negative return on equity of 12.65%. The firm had revenue of $129.00 million for the quarter, compared to analyst estimates of $126.82 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The firm’s revenue was up 19.3% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on FI. Jefferies Financial Group restated a “hold” rating and issued a $7.00 target price on shares of Franks International in a research note on Friday, July 13th. Zacks Investment Research upgraded shares of Franks International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Piper Jaffray Companies restated a “hold” rating and issued a $6.75 target price on shares of Franks International in a research note on Friday, July 20th. ValuEngine upgraded shares of Franks International from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Finally, Seaport Global Securities set a $8.00 target price on shares of Franks International and gave the company a “hold” rating in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.11.

Shares of FI stock opened at $7.72 on Thursday. Franks International has a 12 month low of $4.93 and a 12 month high of $9.75. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -12.66 and a beta of 1.32.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its position in Franks International by 89.7% in the 1st quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock worth $152,000 after purchasing an additional 13,269 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Franks International in the 1st quarter worth about $230,000. SeaBridge Investment Advisors LLC bought a new position in Franks International in the 2nd quarter worth about $257,000. Rhumbline Advisers grew its position in Franks International by 52.0% in the 2nd quarter. Rhumbline Advisers now owns 70,914 shares of the pipeline company’s stock worth $553,000 after purchasing an additional 24,262 shares during the last quarter. Finally, Price Capital Management Inc. bought a new position in Franks International in the 2nd quarter worth about $770,000. Hedge funds and other institutional investors own 34.11% of the company’s stock.

In related news, major shareholder Wbm Partnership, Lp sold 177,130 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $8.83, for a total transaction of $1,564,057.90. Following the sale, the insider now owns 7,128,464 shares in the company, valued at $62,944,337.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder William Bradford Mosing sold 227,364 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $8.36, for a total transaction of $1,900,763.04. Following the sale, the insider now owns 2,240,595 shares in the company, valued at approximately $18,731,374.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,591,560 shares of company stock worth $45,728,414. Company insiders own 67.60% of the company’s stock.

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.

See Also: Beta

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

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