Analysts expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to announce $79.34 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for NCS Multistage’s earnings, with estimates ranging from $77.01 million to $82.00 million. NCS Multistage reported sales of $55.96 million during the same quarter last year, which indicates a positive year over year growth rate of 41.8%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 12th.

According to Zacks, analysts expect that NCS Multistage will report full-year sales of $272.50 million for the current financial year, with estimates ranging from $269.56 million to $275.00 million. For the next fiscal year, analysts forecast that the business will report sales of $346.13 million per share, with estimates ranging from $340.09 million to $351.95 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last issued its earnings results on Wednesday, August 8th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $43.40 million during the quarter, compared to analyst estimates of $48.65 million. NCS Multistage had a return on equity of 2.80% and a net margin of 3.16%.

A number of research analysts have recently commented on the company. Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised NCS Multistage from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Wells Fargo & Co increased their price objective on NCS Multistage from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. ValuEngine raised NCS Multistage from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of NCS Multistage in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. NCS Multistage has a consensus rating of “Buy” and a consensus target price of $23.00.

Shares of NASDAQ NCSM opened at $16.17 on Wednesday. The company has a current ratio of 3.74, a quick ratio of 2.73 and a debt-to-equity ratio of 0.06. The stock has a market cap of $723.03 million, a PE ratio of 80.85 and a beta of 0.76. NCS Multistage has a 52 week low of $12.57 and a 52 week high of $24.85.

In other news, CAO Wade Bitter sold 12,750 shares of the 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 document filed with the SEC, which is available at this link. In the last three months, insiders have sold 13,650 shares of company stock worth $222,083. 11.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCSM. Renaissance Technologies LLC acquired a new stake in NCS Multistage in the 4th quarter valued at approximately $243,000. Deutsche Bank AG grew its holdings in NCS Multistage by 183.3% in the 4th quarter. Deutsche Bank AG now owns 31,190 shares of the company’s stock valued at $458,000 after buying an additional 20,179 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in NCS Multistage by 8.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 49,674 shares of the company’s stock valued at $732,000 after buying an additional 3,692 shares during the last quarter. Wells Fargo & Company MN grew its holdings in NCS Multistage by 142.6% in the 1st quarter. Wells Fargo & Company MN now owns 79,646 shares of the company’s stock valued at $1,194,000 after buying an additional 46,816 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in NCS Multistage in the 1st quarter valued at approximately $7,368,000. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

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 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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