NCS Multistage Holdings (NCSM) Expected to Post Quarterly Sales of $69.74 Million

Brokerages expect NCS Multistage Holdings (NASDAQ:NCSM) to post $69.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NCS Multistage’s earnings, with the highest sales estimate coming in at $72.35 million and the lowest estimate coming in at $66.17 million. NCS Multistage posted sales of $58.64 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.9%. The company is scheduled to announce its next earnings report on Monday, May 21st.

According to Zacks, analysts expect that NCS Multistage will report full year sales of $69.74 million for the current financial year, with estimates ranging from $271.26 million to $282.32 million. For the next financial year, analysts expect that the business will report sales of $366.61 million per share, with estimates ranging from $332.19 million to $419.03 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Thursday, March 8th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $50.18 million for the quarter, compared to the consensus estimate of $50.51 million. NCS Multistage had a net margin of 1.04% and a return on equity of 2.29%.



NCSM has been the topic of several research reports. Piper Jaffray set a $20.00 price target on shares of NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, December 21st. Royal Bank of Canada set a $17.00 price target on shares of NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, December 21st. ValuEngine downgraded shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BidaskClub raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised shares of NCS Multistage from a “strong sell” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. NCS Multistage currently has a consensus rating of “Buy” and a consensus price target of $24.25.

In other NCS Multistage news, COO Tim Willems sold 21,235 shares of NCS Multistage stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $15.77, for a total transaction of $334,875.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kevin Trautner sold 1,440 shares of NCS Multistage stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $17.67, for a total transaction of $25,444.80. The disclosure for this sale can be found here. Insiders have sold 133,153 shares of company stock worth $2,158,903 over the last ninety days.

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in NCS Multistage during the fourth quarter worth about $243,000. Waratah Capital Advisors Ltd. purchased a new position in NCS Multistage during the fourth quarter worth about $254,000. GSA Capital Partners LLP acquired a new stake in shares of NCS Multistage during the third quarter valued at about $262,000. Swiss National Bank acquired a new stake in shares of NCS Multistage during the fourth quarter valued at about $273,000. Finally, Citadel Advisors LLC acquired a new stake in shares of NCS Multistage during the third quarter valued at about $350,000. 93.12% of the stock is currently owned by institutional investors.

NASDAQ:NCSM opened at $17.79 on Friday. The company has a current ratio of 3.72, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $746.42 and a PE ratio of 88.95. NCS Multistage has a twelve month low of $13.85 and a twelve month high of $29.07.

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NCS Multistage Company Profile

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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