Wall Street analysts expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to post earnings per share of ($0.04) for the current quarter, according to Zacks. Four analysts have issued estimates for NCS Multistage’s earnings, with estimates ranging from ($0.07) to $0.01. NCS Multistage reported earnings per share of $0.01 during the same quarter last year, which would indicate a negative year over year growth rate of 500%. The business is scheduled to issue its next earnings report on Thursday, March 14th.

According to Zacks, analysts expect that NCS Multistage will report full year earnings of $0.23 per share for the current year, with EPS estimates ranging from $0.21 to $0.26. For the next fiscal year, analysts expect that the company will post earnings of $0.19 per share, with EPS estimates ranging from ($0.01) to $0.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). NCS Multistage had a return on equity of 3.10% and a net margin of 4.36%. The business had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $77.71 million.

A number of analysts recently weighed in on the stock. Wells Fargo & Co upped their price objective on shares of NCS Multistage from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of NCS Multistage in a research note on Thursday, August 9th. Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. BidaskClub raised shares of NCS Multistage from a “hold” rating to a “buy” rating in a research note on Saturday, September 29th. Finally, TheStreet lowered shares of NCS Multistage from a “c-” rating to a “d+” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. NCS Multistage presently has an average rating of “Hold” and a consensus target price of $15.63.

In other news, CEO Robert Nipper purchased 62,955 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was acquired at an average cost of $7.55 per share, with a total value of $475,310.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Mcshane purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of $7.36 per share, with a total value of $220,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 122,113 shares of company stock valued at $905,075 and have sold 97,059 shares valued at $745,451. Corporate insiders own 11.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NCSM. Viking Fund Management LLC purchased a new stake in shares of NCS Multistage during the third quarter valued at about $165,000. Millennium Management LLC purchased a new stake in shares of NCS Multistage during the first quarter valued at about $257,000. Energy Opportunities Capital Management LLC acquired a new position in shares of NCS Multistage during the second quarter valued at about $259,000. Gagnon Securities LLC increased its holdings in shares of NCS Multistage by 40.2% during the second quarter. Gagnon Securities LLC now owns 36,026 shares of the company’s stock valued at $523,000 after acquiring an additional 10,328 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of NCS Multistage during the second quarter valued at about $533,000. 97.37% of the stock is owned by institutional investors and hedge funds.

NASDAQ:NCSM opened at $7.04 on Tuesday. NCS Multistage has a 1-year low of $6.53 and a 1-year high of $20.54. The stock has a market capitalization of $312.37 million, a P/E ratio of 28.92 and a beta of 1.87. The company has a quick ratio of 2.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.06.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Earnings History and Estimates for NCS Multistage (NASDAQ:NCSM)

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