Zacks: Brokerages Expect FTS International Inc (FTSI) Will Post Quarterly Sales of $277.30 Million

Equities analysts forecast that FTS International Inc (NYSE:FTSI) will announce $277.30 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for FTS International’s earnings. The lowest sales estimate is $249.20 million and the highest is $354.00 million. FTS International reported sales of $458.70 million in the same quarter last year, which indicates a negative year over year growth rate of 39.5%. The company is scheduled to report its next quarterly earnings results on Friday, March 8th.

On average, analysts expect that FTS International will report full-year sales of $1.58 billion for the current financial year, with estimates ranging from $1.54 billion to $1.70 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.37 billion, with estimates ranging from $1.18 billion to $1.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FTS International.

FTS International (NYSE:FTSI) last announced its earnings results on Monday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.16). The business had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $388.24 million. FTS International had a negative return on equity of 139.46% and a net margin of 14.98%. The business’s revenue was down 25.5% compared to the same quarter last year.

A number of equities analysts have recently issued reports on FTSI shares. Citigroup lowered their target price on shares of FTS International from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Wells Fargo & Co lowered shares of FTS International to a “hold” rating in a research report on Thursday, September 6th. Capital One Financial restated an “equal weight” rating on shares of FTS International in a research report on Wednesday, July 25th. Barclays lowered their target price on shares of FTS International from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Finally, Guggenheim restated a “buy” rating and set a $19.00 target price on shares of FTS International in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. FTS International has a consensus rating of “Buy” and a consensus price target of $20.30.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. acquired a new stake in FTS International in the first quarter valued at $117,000. Bank of Montreal Can lifted its holdings in FTS International by 243.1% in the third quarter. Bank of Montreal Can now owns 14,272 shares of the company’s stock valued at $169,000 after acquiring an additional 10,112 shares during the period. Paloma Partners Management Co acquired a new stake in FTS International in the second quarter valued at $199,000. Barclays PLC acquired a new stake in FTS International in the first quarter valued at $247,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in FTS International in the first quarter valued at $302,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Shares of FTSI traded up $0.03 during mid-day trading on Friday, reaching $13.00. 14,205 shares of the company’s stock were exchanged, compared to its average volume of 629,060. The company has a current ratio of 2.72, a quick ratio of 2.33 and a debt-to-equity ratio of 7.50. The firm has a market cap of $1.39 billion and a PE ratio of 1.66. FTS International has a 52-week low of $9.38 and a 52-week high of $22.60.

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.

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

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