Franks International NV (NYSE:FI) – Jefferies Financial Group issued their Q3 2019 earnings per share estimates for shares of Franks International in a report released on Tuesday, August 6th. Jefferies Financial Group analyst E. Royes forecasts that the pipeline company will earn ($0.06) per share for the quarter. Jefferies Financial Group also issued estimates for Franks International’s Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.30) EPS, FY2020 earnings at $0.00 EPS, FY2021 earnings at $0.10 EPS and FY2022 earnings at $0.25 EPS.
A number of other equities research analysts have also recently issued reports on FI. Zacks Investment Research upgraded Franks International from a “sell” rating to a “hold” rating in a report on Thursday. Tudor Pickering upgraded Franks International from a “hold” rating to a “buy” rating and set a $5.49 price objective for the company in a report on Tuesday, July 2nd. Finally, ValuEngine upgraded Franks International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $7.12.
Franks International (NYSE:FI) last issued its quarterly earnings data on Tuesday, August 6th. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). Franks International had a negative return on equity of 6.64% and a negative net margin of 11.54%. The firm had revenue of $155.65 million for the quarter, compared to the consensus estimate of $147.60 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s revenue was up 17.8% on a year-over-year basis.
Several hedge funds have recently modified their holdings of FI. Aperio Group LLC bought a new stake in shares of Franks International in the second quarter valued at approximately $25,000. PNC Financial Services Group Inc. boosted its stake in shares of Franks International by 30.2% in the first quarter. PNC Financial Services Group Inc. now owns 8,646 shares of the pipeline company’s stock valued at $53,000 after buying an additional 2,006 shares during the period. Bank of Montreal Can boosted its stake in shares of Franks International by 522.9% in the second quarter. Bank of Montreal Can now owns 10,794 shares of the pipeline company’s stock valued at $59,000 after buying an additional 9,061 shares during the period. SG Americas Securities LLC bought a new stake in shares of Franks International in the first quarter valued at approximately $79,000. Finally, Fox Run Management L.L.C. bought a new stake in Franks International during the second quarter worth $94,000. Institutional investors and hedge funds own 38.65% of the company’s stock.
In related news, Director Steven B. Mosing sold 63,679 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $6.01, for a total value of $382,710.79. Following the completion of the sale, the director now directly owns 2,998,819 shares in the company, valued at $18,022,902.19. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven B. Mosing sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $5.96, for a total value of $1,013,200.00. Following the completion of the sale, the director now owns 2,765,140 shares of the company’s stock, valued at $16,480,234.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 337,000 shares of company stock valued at $1,999,305. 18.20% of the stock is currently owned by corporate insiders.
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.
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