Brokerages Expect NCS Multistage Holdings Inc (NASDAQ:NCSM) Will Announce Earnings of -$0.01 Per Share

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Wall Street analysts expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to announce ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for NCS Multistage’s earnings. The lowest EPS estimate is ($0.04) and the highest is $0.03. NCS Multistage reported earnings of $0.11 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 109.1%. The company is expected to issue its next quarterly earnings report on Tuesday, November 5th.

On average, analysts expect that NCS Multistage will report full-year earnings of ($0.45) per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $0.03 per share, with EPS estimates ranging from ($0.25) to $0.16. Zacks’ earnings per share averages are an average based on a survey of analysts that cover NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $39.77 million during the quarter, compared to analyst estimates of $37.83 million.

A number of analysts have recently commented on NCSM shares. Piper Jaffray Companies lowered shares of NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price target for the company. in a research note on Tuesday, June 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price target (down from $6.00) on shares of NCS Multistage in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, ValuEngine upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. NCS Multistage currently has an average rating of “Hold” and an average target price of $6.66.

Shares of NCSM stock traded down $0.01 during trading hours on Tuesday, reaching $2.27. The company had a trading volume of 5,181 shares, compared to its average volume of 76,003. The business has a fifty day moving average of $3.02. NCS Multistage has a one year low of $1.56 and a one year high of $16.98. The firm has a market capitalization of $106.67 million, a price-to-earnings ratio of 11.30 and a beta of 2.54. The company has a current ratio of 4.53, a quick ratio of 2.78 and a debt-to-equity ratio of 0.11.

In related news, CFO Ryan Hummer bought 50,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were purchased at an average price of $2.63 per share, with a total value of $131,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers bought 40,000 shares of the stock in a transaction dated Friday, May 24th. The stock was bought at an average cost of $2.57 per share, for a total transaction of $102,800.00. The disclosure for this purchase can be found here. Insiders have acquired 165,000 shares of company stock worth $418,050 in the last ninety days. Insiders own 11.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in NCS Multistage by 3.2% during the fourth quarter. BlackRock Inc. now owns 533,748 shares of the company’s stock valued at $2,716,000 after buying an additional 16,636 shares during the period. Bank of New York Mellon Corp grew its position in NCS Multistage by 99.0% during the fourth quarter. Bank of New York Mellon Corp now owns 96,822 shares of the company’s stock valued at $493,000 after buying an additional 48,171 shares during the period. Dimensional Fund Advisors LP grew its position in NCS Multistage by 51.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 288,572 shares of the company’s stock valued at $1,469,000 after buying an additional 97,755 shares during the period. Geode Capital Management LLC grew its position in NCS Multistage by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 177,676 shares of the company’s stock valued at $904,000 after buying an additional 13,415 shares during the period. Finally, Millennium Management LLC bought a new stake in NCS Multistage during the fourth quarter valued at approximately $693,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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

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