Jefferies Group Research Analysts Lower Earnings Estimates for Frank’s International N.V. (FI)
Frank’s International N.V. (NYSE:FI) – Analysts at Jefferies Group decreased their Q3 2017 earnings estimates for shares of Frank’s International N.V. in a research note issued on Monday. Jefferies Group analyst B. Handler now forecasts that the pipeline company will post earnings per share of ($0.11) for the quarter, down from their prior forecast of ($0.10). Jefferies Group currently has a “Hold” rating and a $8.50 target price on the stock. Jefferies Group also issued estimates for Frank’s International N.V.’s FY2017 earnings at ($0.42) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at $0.00 EPS and FY2020 earnings at $0.25 EPS.
Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The business had revenue of $117.70 million during the quarter, compared to analysts’ expectations of $113.41 million. During the same quarter in the previous year, the business posted ($0.20) EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Jefferies Group Research Analysts Lower Earnings Estimates for Frank’s International N.V. (FI)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/jefferies-group-research-analysts-lower-earnings-estimates-for-franks-international-n-v-fi/1466894.html.
Several other equities research analysts have also recently commented on FI. Zacks Investment Research cut Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Morgan Stanley lowered their price target on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Barclays PLC set a $9.00 price target on Frank’s International N.V. and gave the company a “hold” rating in a research note on Monday, May 8th. BidaskClub raised Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Seaport Global Securities cut Frank’s International N.V. from a “neutral” rating to a “sell” rating and lowered their price target for the company from $7.00 to $6.00 in a research note on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.77.
Frank’s International N.V. (FI) opened at 7.01 on Thursday. The stock’s market cap is $1.56 billion. Frank’s International N.V. has a 12-month low of $6.92 and a 12-month high of $14.86. The company has a 50-day moving average of $8.09 and a 200 day moving average of $9.56.
Frank’s International N.V. declared that its Board of Directors has approved a share repurchase program on Thursday, May 25th that allows the company to buyback 1,000% of shares. This buyback authorization allows the pipeline company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 annualized dividend and a yield of 4.28%. Frank’s International N.V.’s dividend payout ratio (DPR) is currently -40.00%.
In related news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $8.40, for a total value of $124,320.00. Following the completion of the sale, the insider now directly owns 9,903,867 shares in the company, valued at approximately $83,192,482.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 77.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd bought a new stake in Frank’s International N.V. during the first quarter valued at $116,000. Kelman Lazarov Inc. raised its position in shares of Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock worth $119,000 after buying an additional 3,750 shares during the period. Boyer & Corporon Wealth Management LLC acquired a new position in shares of Frank’s International N.V. during the first quarter worth approximately $120,000. Anchor Capital Advisors LLC acquired a new position in shares of Frank’s International N.V. during the first quarter worth approximately $121,000. Finally, Legal & General Group Plc raised its position in shares of Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after buying an additional 12,163 shares during the period. Hedge funds and other institutional investors own 30.12% of the company’s stock.
Frank’s International N.V. Company Profile
Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.
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