Zacks: Analysts Anticipate FTS International Inc (FTSI) Will Post Quarterly Sales of $277.30 Million

Wall Street brokerages expect FTS International Inc (NYSE:FTSI) to report $277.30 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for FTS International’s earnings. The lowest sales estimate is $249.20 million and the highest is $354.00 million. FTS International posted sales of $458.70 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 39.5%. The business is expected to report its next earnings results on Friday, March 8th.

On average, analysts expect that FTS International will report full year sales of $1.60 billion for the current fiscal year, with estimates ranging from $1.54 billion to $1.70 billion. For the next year, analysts anticipate that the firm will post sales of $1.36 billion, with estimates ranging from $1.01 billion to $1.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow FTS International.

FTS International (NYSE:FTSI) last posted its earnings results on Monday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.16). FTS International had a negative return on equity of 139.46% and a net margin of 14.98%. The firm had revenue of $334.40 million during the quarter, compared to analysts’ expectations of $388.24 million. The company’s revenue was down 25.5% on a year-over-year basis.



FTSI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of FTS International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Stifel Nicolaus increased their target price on shares of FTS International from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Capital One Financial upgraded shares of FTS International from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 15th. Barclays lowered their target price on shares of FTS International from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, ValuEngine cut shares of FTS International from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.55.

Several hedge funds have recently added to or reduced their stakes in FTSI. Bank of New York Mellon Corp grew its holdings in shares of FTS International by 28.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,723 shares of the company’s stock valued at $1,349,000 after purchasing an additional 20,945 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of FTS International by 64.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 164,988 shares of the company’s stock valued at $2,350,000 after purchasing an additional 64,613 shares during the last quarter. Swiss National Bank bought a new position in shares of FTS International during the 2nd quarter valued at $541,000. Dynamic Technology Lab Private Ltd bought a new position in shares of FTS International during the 2nd quarter valued at $553,000. Finally, Bank of America Corp DE grew its holdings in shares of FTS International by 2,345.9% during the 2nd quarter. Bank of America Corp DE now owns 53,982 shares of the company’s stock valued at $768,000 after purchasing an additional 51,775 shares during the last quarter. 66.71% of the stock is currently owned by institutional investors.

NYSE FTSI opened at $7.33 on Friday. FTS International has a 1 year low of $5.96 and a 1 year high of $22.60. The company has a debt-to-equity ratio of 7.50, a quick ratio of 2.33 and a current ratio of 2.72. The company has a market capitalization of $806.13 million and a price-to-earnings ratio of 0.96.

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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