Wall Street brokerages expect FTS International Inc (NYSE:FTSI) to report $208.10 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for FTS International’s earnings. The highest sales estimate is $215.80 million and the lowest is $203.00 million. FTS International reported sales of $334.40 million in the same quarter last year, which would suggest a negative year over year growth rate of 37.8%. The business is scheduled to announce its next 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 year, with estimates ranging from $798.89 million to $844.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $778.99 million, with estimates ranging from $751.35 million to $811.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow FTS International.

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

Several brokerages have recently weighed in on FTSI. ValuEngine upgraded shares of FTS International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Piper Jaffray Companies cut shares of FTS International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $9.25 to $6.00 in a research note on Tuesday, June 25th. Capital One Financial cut shares of FTS International from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 5th. Morgan Stanley dropped their price target on shares of FTS International from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Finally, Barclays dropped their price target on shares of FTS International from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, nine have assigned 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 $6.51.

Shares of FTS International stock traded down $0.07 on Monday, hitting $1.51. 309,203 shares of the company’s stock were exchanged, compared to its average volume of 612,797. The company has a 50-day simple moving average of $2.43 and a 200-day simple moving average of $5.56. The stock has a market capitalization of $164.64 million, a PE ratio of 0.64, a PEG ratio of 3.56 and a beta of 1.69. FTS International has a 1 year low of $1.49 and a 1 year 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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its stake in shares of FTS International by 60.5% during the 2nd quarter. Swiss National Bank now owns 61,000 shares of the company’s stock valued at $340,000 after buying an additional 23,000 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of FTS International during the 2nd quarter valued at $218,000. JPMorgan Chase & Co. increased its holdings in FTS International by 20.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock valued at $12,674,000 after acquiring an additional 378,516 shares during the last quarter. Benefit Street Partners LLC increased its holdings in FTS International by 56.7% in the 2nd quarter. Benefit Street Partners LLC now owns 326,844 shares of the company’s stock valued at $1,824,000 after acquiring an additional 118,217 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in FTS International in the 2nd quarter valued at $102,000. Institutional investors own 63.15% of the company’s stock.

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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