Piper Jaffray Companies Comments on NCS Multistage Holdings Inc’s FY2019 Earnings (NASDAQ:NCSM)

NCS Multistage Holdings Inc (NASDAQ:NCSM) – Research analysts at Piper Jaffray Companies decreased their FY2019 earnings per share estimates for NCS Multistage in a report issued on Tuesday, November 5th. Piper Jaffray Companies analyst I. Macpherson now anticipates that the company will post earnings per share of ($0.24) for the year, down from their previous forecast of ($0.21). Piper Jaffray Companies also issued estimates for NCS Multistage’s Q4 2019 earnings at ($0.02) EPS, Q1 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.07 EPS, Q4 2020 earnings at $0.03 EPS, FY2020 earnings at $0.02 EPS, Q1 2021 earnings at $0.10 EPS, Q2 2021 earnings at ($0.06) EPS, Q3 2021 earnings at $0.11 EPS and FY2021 earnings at $0.22 EPS.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Tuesday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). NCS Multistage had a negative return on equity of 7.84% and a negative net margin of 115.05%. The firm had revenue of $60.77 million during the quarter, compared to the consensus estimate of $59.77 million.

Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 target price (down from $6.00) on shares of NCS Multistage in a report on Wednesday, August 7th. ValuEngine raised NCS Multistage from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research cut NCS Multistage from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. NCS Multistage currently has a consensus rating of “Hold” and an average target price of $5.93.

Shares of NCSM stock traded down $0.02 during trading hours on Friday, hitting $2.30. The stock had a trading volume of 41,300 shares, compared to its average volume of 29,632. NCS Multistage has a one year low of $1.56 and a one year high of $8.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.87 and a quick ratio of 2.78. The stock’s 50-day moving average price is $2.12 and its two-hundred day moving average price is $2.73. The stock has a market capitalization of $109.94 million, a price-to-earnings ratio of 11.50 and a beta of 2.71.

In other NCS Multistage news, President Marty Stromquist acquired 39,912 shares of the business’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.25 per share, for a total transaction of $89,802.00. Also, Director Franklin Myers acquired 15,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $2.15 per share, with a total value of $32,250.00. The disclosure for this purchase can be found here. Insiders have acquired 119,912 shares of company stock worth $257,502 over the last three months. 11.90% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC acquired a new stake in NCS Multistage in the 2nd quarter valued at about $37,000. Susquehanna International Group LLP acquired a new stake in NCS Multistage in the 2nd quarter valued at about $60,000. Charles Schwab Investment Management Inc. raised its holdings in NCS Multistage by 10.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock valued at $294,000 after acquiring an additional 7,677 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in NCS Multistage by 16.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 93,356 shares of the company’s stock valued at $331,000 after acquiring an additional 13,296 shares during the last quarter. Finally, Gagnon Securities LLC raised its holdings in NCS Multistage by 39.2% in the 2nd quarter. Gagnon Securities LLC now owns 97,657 shares of the company’s stock valued at $347,000 after acquiring an additional 27,524 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

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, Canada, 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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Earnings History and Estimates for NCS Multistage (NASDAQ:NCSM)

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