Zacks: Brokerages Anticipate FTS International Inc (FTSI) Will Announce Quarterly Sales of $232.70 Million

Equities research analysts expect FTS International Inc (NYSE:FTSI) to announce $232.70 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for FTS International’s earnings, with the highest sales estimate coming in at $238.90 million and the lowest estimate coming in at $224.90 million. FTS International posted sales of $467.50 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 50.2%. The company is scheduled to report its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that FTS International will report full year sales of $1.02 billion for the current financial year, with estimates ranging from $969.00 million to $1.05 billion. For the next fiscal year, analysts expect that the company will report sales of $1.23 billion, with estimates ranging from $1.13 billion to $1.28 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow FTS International.

FTS International (NYSE:FTSI) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $248.10 million for the quarter, compared to the consensus estimate of $246.15 million. FTS International had a return on equity of 933.45% and a net margin of 16.74%. The company’s revenue for the quarter was down 45.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS.

Several equities research analysts recently issued reports on the company. Bank of America upgraded FTS International from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded FTS International from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, March 21st. Credit Suisse Group cut FTS International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $15.00 to $8.00 in a research note on Wednesday, December 19th. Barclays cut FTS International from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $14.00 to $9.00 in a research note on Tuesday, January 15th. Finally, Wells Fargo & Co downgraded shares of FTS International from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $11.23 to $11.50 in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. FTS International currently has an average rating of “Hold” and a consensus price target of $13.85.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in FTS International by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock worth $30,000,000 after purchasing an additional 379,696 shares in the last quarter. Vanguard Group Inc lifted its position in FTS International by 17.5% in the third quarter. Vanguard Group Inc now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after buying an additional 379,696 shares during the last quarter. BlackRock Inc. lifted its position in FTS International by 3.1% in the fourth quarter. BlackRock Inc. now owns 2,115,556 shares of the company’s stock valued at $15,041,000 after buying an additional 63,059 shares during the last quarter. Bank of New York Mellon Corp increased its stake in FTS International by 482.9% during the fourth quarter. Bank of New York Mellon Corp now owns 727,501 shares of the company’s stock worth $5,172,000 after purchasing an additional 602,703 shares during the period. Finally, DW Partners LP increased its stake in FTS International by 130.2% during the fourth quarter. DW Partners LP now owns 653,775 shares of the company’s stock worth $4,648,000 after purchasing an additional 369,775 shares during the period. 66.21% of the stock is owned by institutional investors and hedge funds.

FTS International stock traded down $0.01 during midday trading on Friday, reaching $11.61. 1,849 shares of the company’s stock were exchanged, compared to its average volume of 425,062. FTS International has a 52 week low of $5.96 and a 52 week high of $22.60. The company has a debt-to-equity ratio of 4.71, a quick ratio of 2.59 and a current ratio of 3.09. The stock has a market capitalization of $1.16 billion, a P/E ratio of 4.92 and a beta of 1.20.

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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