NCS Multistage (NCSM) Announces Earnings Results, Misses Expectations By $0.07 EPS

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NCS Multistage (NASDAQ:NCSM) issued its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07), Fidelity Earnings reports. The firm had revenue of $62.69 million for the quarter, compared to the consensus estimate of $77.71 million. NCS Multistage had a return on equity of 2.80% and a net margin of 3.16%.

NCSM traded down $4.35 during midday trading on Wednesday, hitting $8.10. 1,596,700 shares of the company were exchanged, compared to its average volume of 143,680. The company has a market capitalization of $547.44 million, a PE ratio of 40.50 and a beta of 2.14. NCS Multistage has a 1-year low of $7.53 and a 1-year high of $22.06. The company has a current ratio of 3.74, a quick ratio of 2.73 and a debt-to-equity ratio of 0.06.

In other NCS Multistage news, CAO Wade Bitter sold 12,750 shares of NCS Multistage stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $16.27, for a total transaction of $207,442.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 13,650 shares of company stock worth $222,083 over the last ninety days. Company insiders own 11.70% of the company’s stock.

A hedge fund recently raised its stake in NCS Multistage stock. Bank of New York Mellon Corp grew its holdings in NCS Multistage Holdings Inc (NASDAQ:NCSM) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,765 shares of the company’s stock after purchasing an additional 7,519 shares during the quarter. Bank of New York Mellon Corp owned about 0.11% of NCS Multistage worth $723,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 95.87% of the company’s stock.

Several research analysts have commented on NCSM shares. Wells Fargo & Co downgraded NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a report on Monday, October 15th. BidaskClub downgraded NCS Multistage from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of NCS Multistage in a report on Thursday, August 9th. Zacks Investment Research downgraded NCS Multistage from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, TheStreet downgraded NCS Multistage from a “c-” rating to a “d+” rating in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.86.

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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 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 for NCS Multistage (NASDAQ:NCSM)

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