FTS International Inc (FTSI) Expected to Post Quarterly Sales of $232.70 Million

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

According to Zacks, analysts expect that FTS International will report full-year sales of $1.01 billion for the current year, with estimates ranging from $969.00 million to $1.05 billion. For the next financial year, analysts forecast that the company will report sales of $1.20 billion, with estimates ranging from $1.08 billion to $1.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow FTS International.

FTS International (NYSE:FTSI) last issued its earnings results on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. FTS International had a return on equity of 933.45% and a net margin of 16.74%. The firm had revenue of $248.10 million for the quarter, compared to analyst estimates of $246.15 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. FTS International’s revenue for the quarter was down 45.9% on a year-over-year basis.



A number of equities analysts recently issued reports on the company. Zacks Investment Research raised 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. Bank of America reiterated a “buy” rating and set a $12.00 price objective (down from $17.00) on shares of FTS International in a report on Monday, December 3rd. Credit Suisse Group downgraded shares of FTS International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $8.00 in a research report on Wednesday, December 19th. Wells Fargo & Co reaffirmed a “buy” rating on shares of FTS International in a research report on Sunday, January 6th. Finally, Barclays downgraded FTS International from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $9.00 in a research report on Tuesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. FTS International currently has a consensus rating of “Hold” and an average price target of $14.64.

Shares of FTSI stock traded up $0.10 during trading hours on Friday, hitting $9.46. 1,368 shares of the company’s stock were exchanged, compared to its average volume of 423,028. The company has a debt-to-equity ratio of 4.71, a current ratio of 3.09 and a quick ratio of 2.59. The company has a market cap of $1.03 billion and a price-to-earnings ratio of 3.92. FTS International has a fifty-two week low of $5.96 and a fifty-two week high of $22.60.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its holdings in shares of FTS International by 42.5% during the 3rd quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock worth $58,000 after acquiring an additional 1,468 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of FTS International by 11.6% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 50,710 shares of the company’s stock worth $598,000 after buying an additional 5,270 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of FTS International during the fourth quarter worth $38,000. American International Group Inc. grew its holdings in FTS International by 46.4% in the third quarter. American International Group Inc. now owns 21,588 shares of the company’s stock worth $255,000 after purchasing an additional 6,842 shares during the period. Finally, Rhumbline Advisers grew its holdings in FTS International by 30.9% in the third quarter. Rhumbline Advisers now owns 29,718 shares of the company’s stock worth $350,000 after purchasing an additional 7,008 shares during the period. Institutional investors and hedge funds own 66.21% of the company’s stock.

FTS International Company Profile

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Get a free copy of the Zacks research report on FTS International (FTSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FTS International (NYSE:FTSI)

Receive News & Ratings for FTS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTS International and related companies with MarketBeat.com's FREE daily email newsletter.