Q2 2020 EPS Estimates for FTS International Inc Cut by Piper Jaffray Companies (FTSI)

FTS International Inc (NYSE:FTSI) – Piper Jaffray Companies reduced their Q2 2020 earnings per share estimates for FTS International in a note issued to investors on Monday, May 13th. Piper Jaffray Companies analyst J. Daniel now anticipates that the company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.34. Piper Jaffray Companies currently has a “Buy” rating and a $9.00 target price on the stock. Piper Jaffray Companies also issued estimates for FTS International’s Q4 2020 earnings at $0.21 EPS.

FTS International (NYSE:FTSI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). FTS International had a return on equity of 301.48% and a net margin of 9.60%. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $232.70 million.

Several other research analysts have also recently commented on FTSI. Zacks Investment Research cut shares of FTS International from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Wells Fargo & Co cut shares of FTS International from an “outperform” rating to a “market perform” rating and upped their target price for the company from $11.23 to $11.50 in a report on Friday, March 29th. Finally, Bank of America upgraded shares of FTS International from a “neutral” rating to a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. FTS International has a consensus rating of “Hold” and a consensus price target of $12.05.

NYSE FTSI opened at $7.40 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.41 and a debt-to-equity ratio of 9.17. FTS International has a 52 week low of $5.96 and a 52 week high of $22.60. The company has a market cap of $795.34 million, a price-to-earnings ratio of 3.14, a PEG ratio of 1.75 and a beta of 1.25.

Several institutional investors have recently modified their holdings of the company. QVT Financial LP boosted its holdings in shares of FTS International by 83.3% in the 1st quarter. QVT Financial LP now owns 768,226 shares of the company’s stock valued at $7,363,000 after buying an additional 349,100 shares in the last quarter. One Wealth Advisors LLC acquired a new position in shares of FTS International in the 1st quarter valued at $159,000. Geode Capital Management LLC boosted its holdings in shares of FTS International by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 391,094 shares of the company’s stock valued at $3,910,000 after buying an additional 23,920 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of FTS International in the 1st quarter valued at $1,519,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of FTS International in the 1st quarter valued at $1,711,000. Institutional investors and hedge funds own 66.87% of the company’s stock.

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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