Zacks: Analysts Expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to Announce -$0.02 Earnings Per Share
Wall Street analysts expect that NCS Multistage Holdings Inc (NASDAQ:NCSM) will post earnings per share of ($0.02) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for NCS Multistage’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.06). NCS Multistage posted earnings of $0.11 per share in the same quarter last year, which suggests a negative year over year growth rate of 118.2%. The company is scheduled to issue its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that NCS Multistage will report full year earnings of ($0.79) per share for the current financial year, with EPS estimates ranging from ($0.79) to ($0.78). For the next financial year, analysts anticipate that the company will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.35) to $0.12. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover NCS Multistage.
NCS Multistage (NASDAQ:NCSM) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $37.83 million.
In other news, Director Franklin Myers bought 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 105,000 shares of company stock valued at $220,950 in the last 90 days. 11.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in shares of NCS Multistage by 712.8% in 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 last quarter. Gagnon Securities LLC grew its holdings in shares of NCS Multistage by 39.2% during the 2nd quarter. Gagnon Securities LLC now owns 97,657 shares of the company’s stock valued at $347,000 after purchasing an additional 27,524 shares during the last quarter. Spark Investment Management LLC purchased a new position in NCS Multistage in the 1st quarter worth $194,000. Geode Capital Management LLC raised its position in NCS Multistage by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 177,676 shares of the company’s stock worth $904,000 after purchasing an additional 13,415 shares during the period. Finally, BlackRock Inc. lifted its stake in NCS Multistage by 16.9% in the second quarter. BlackRock Inc. now owns 683,328 shares of the company’s stock worth $2,425,000 after purchasing an additional 98,884 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
NCSM stock traded up $0.03 during midday trading on Thursday, reaching $2.43. The company had a trading volume of 30,317 shares, compared to its average volume of 96,317. The firm has a 50-day moving average price of $2.40 and a 200-day moving average price of $3.58. The company 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 1 year low of $1.56 and a 1 year high of $16.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.53 and a quick ratio of 2.78.
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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