Wall Street brokerages expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to announce sales of $59.36 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for NCS Multistage’s earnings. The lowest sales estimate is $54.20 million and the highest is $62.00 million. NCS Multistage reported sales of $62.69 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The business is scheduled to announce its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that NCS Multistage will report full-year sales of $204.99 million for the current year, with estimates ranging from $200.22 million to $207.95 million. For the next year, analysts forecast that the business will report sales of $236.37 million, with estimates ranging from $219.34 million to $255.04 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover NCS Multistage.
NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.08. NCS Multistage had a negative net margin of 112.66% and a negative return on equity of 1.95%. The company had revenue of $39.77 million during the quarter, compared to analyst estimates of $37.83 million.
A number of research analysts have issued reports on the company. Piper Jaffray Companies cut NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 target price for the company. in a research note on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.00 price target (down previously from $6.00) on shares of NCS Multistage in a research report on Wednesday, August 7th. ValuEngine upgraded NCS Multistage from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.66.
In related news, Director Franklin Myers acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $2.15 per share, with a total value of $32,250.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have purchased 105,000 shares of company stock worth $220,950. 11.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of NCSM. Bank of Montreal Can increased its stake in NCS Multistage by 712.8% during the 1st quarter. Bank of Montreal Can now owns 5,251 shares of the company’s stock worth $27,000 after acquiring an additional 4,605 shares during the period. Spark Investment Management LLC bought a new stake in shares of NCS Multistage during the first quarter worth $194,000. Gagnon Securities LLC increased its holdings in shares of NCS Multistage by 5.8% during the first quarter. Gagnon Securities LLC now owns 70,133 shares of the company’s stock worth $363,000 after buying an additional 3,839 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NCS Multistage by 10.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock worth $294,000 after buying an additional 7,677 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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. Institutional investors and hedge funds own 88.77% of the company’s stock.
NCS Multistage stock traded up $0.03 during mid-day trading on Friday, hitting $2.43. 30,317 shares of the company’s stock were exchanged, compared to its average volume of 96,317. The company’s 50 day simple moving average is $2.40 and its 200-day simple moving average is $3.58. The company has a quick ratio of 2.78, a current ratio of 4.53 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $106.20 million, a P/E ratio of 12.15 and a beta of 2.68. NCS Multistage has a fifty-two week low of $1.56 and a fifty-two week high of $16.95.
About NCS Multistage
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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