Franks International (NYSE:FI) Issues Earnings Results

Franks International (NYSE:FI) posted its quarterly earnings data on Tuesday. The pipeline company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02), reports. Franks International had a negative return on equity of 7.97% and a negative net margin of 40.58%. The company had revenue of $139.40 million for the quarter, compared to the consensus estimate of $142.08 million. During the same quarter last year, the business earned ($0.06) EPS. Franks International’s revenue was down 4.5% on a year-over-year basis.

Shares of FI traded up $0.31 during midday trading on Friday, hitting $3.92. The company’s stock had a trading volume of 1,829,055 shares, compared to its average volume of 735,769. Franks International has a one year low of $3.30 and a one year high of $6.72. The company’s fifty day simple moving average is $3.80 and its two-hundred day simple moving average is $4.66. The company has a quick ratio of 3.14, a current ratio of 3.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $832.67 million, a price-to-earnings ratio of -3.70 and a beta of 1.61.

Separately, Zacks Investment Research lowered Franks International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

In other news, Director Steven B. Mosing sold 369,200 shares of Franks International stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $5.47, for a total value of $2,019,524.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 18.20% of the company’s stock.

Franks International Company Profile

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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Earnings History for Franks International (NYSE:FI)

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