FTS International Inc (NYSE:FTSI) Expected to Announce Quarterly Sales of $208.10 Million

Wall Street brokerages expect FTS International Inc (NYSE:FTSI) to announce $208.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for FTS International’s earnings, with the highest sales estimate coming in at $215.80 million and the lowest estimate coming in at $203.00 million. FTS International posted sales of $334.40 million in the same quarter last year, which suggests a negative year over year growth rate of 37.8%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, November 4th.

On average, analysts expect that FTS International will report full year sales of $824.55 million for the current financial year, with estimates ranging from $798.89 million to $844.70 million. For the next financial year, analysts expect that the business will report sales of $778.99 million, with estimates ranging from $751.35 million to $811.90 million. Zacks’ sales averages are an average based on a survey of analysts that cover FTS International.

FTS International (NYSE:FTSI) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). FTS International had a return on equity of 130.74% and a net margin of 2.62%. The business had revenue of $225.80 million for the quarter, compared to the consensus estimate of $236.09 million. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter was down 54.2% on a year-over-year basis.

A number of equities analysts recently commented on the company. Citigroup reduced their price target on FTS International from $3.20 to $2.80 and set a “neutral” rating for the company in a report on Tuesday, October 1st. ValuEngine upgraded FTS International from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Cowen cut FTS International from an “outperform” rating to a “market perform” rating and set a $5.00 price target for the company. in a report on Thursday, September 12th. Zacks Investment Research cut FTS International from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. Finally, Morgan Stanley reduced their price target on FTS International from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. FTS International presently has a consensus rating of “Hold” and an average target price of $6.51.

Hedge funds have recently modified their holdings of the business. Aperio Group LLC acquired a new stake in FTS International during the second quarter worth approximately $52,000. Capital Fund Management S.A. acquired a new stake in FTS International during the second quarter worth approximately $64,000. Cubist Systematic Strategies LLC acquired a new stake in FTS International during the second quarter worth approximately $93,000. Trexquant Investment LP acquired a new stake in FTS International during the second quarter worth approximately $102,000. Finally, Hikari Power Ltd acquired a new stake in shares of FTS International in the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 63.15% of the company’s stock.

FTS International stock traded down $0.04 during midday trading on Monday, reaching $1.62. 206,849 shares of the company’s stock were exchanged, compared to its average volume of 603,303. FTS International has a 52 week low of $1.57 and a 52 week high of $13.65. The company has a debt-to-equity ratio of 8.49, a quick ratio of 2.49 and a current ratio of 2.95. The firm has a market cap of $195.17 million, a price-to-earnings ratio of 0.69, a P/E/G ratio of 3.87 and a beta of 1.69. The stock’s 50-day simple moving average is $2.45 and its 200 day simple moving average is $5.60.

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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