Piper Jaffray Companies Equities Analysts Decrease Earnings Estimates for NCS Multistage Holdings Inc (NCSM)
NCS Multistage Holdings Inc (NASDAQ:NCSM) – Piper Jaffray Companies decreased their FY2018 EPS estimates for NCS Multistage in a report issued on Wednesday, November 7th. Piper Jaffray Companies analyst I. Macpherson now anticipates that the company will post earnings per share of $0.22 for the year, down from their prior forecast of $0.50. Piper Jaffray Companies has a “Buy” rating and a $10.00 price objective on the stock. Piper Jaffray Companies also issued estimates for NCS Multistage’s Q4 2018 earnings at ($0.06) EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at ($0.05) EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.04 EPS, FY2019 earnings at $0.25 EPS and FY2020 earnings at $0.76 EPS.
NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $62.69 million for the quarter, compared to analysts’ expectations of $77.71 million. NCS Multistage had a return on equity of 3.10% and a net margin of 4.36%.
Shares of NCS Multistage stock opened at $7.29 on Monday. NCS Multistage has a 12-month low of $6.88 and a 12-month high of $20.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.89 and a quick ratio of 2.89. The stock has a market capitalization of $346.58 million, a price-to-earnings ratio of 36.45 and a beta of 2.14.
Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of NCS Multistage by 2.9% in the first quarter. Northern Trust Corp now owns 126,216 shares of the company’s stock valued at $1,894,000 after purchasing an additional 3,568 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of NCS Multistage by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 12,257 shares of the company’s stock valued at $184,000 after purchasing an additional 4,322 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of NCS Multistage by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 345,081 shares of the company’s stock valued at $5,697,000 after purchasing an additional 4,991 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of NCS Multistage by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 49,765 shares of the company’s stock valued at $723,000 after purchasing an additional 7,519 shares during the last quarter. Finally, Viking Fund Management LLC acquired a new stake in shares of NCS Multistage in the third quarter valued at approximately $165,000. Institutional investors and hedge funds own 95.87% of the company’s stock.
In related news, Director Michael Mcshane bought 30,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average cost of $7.36 per share, with a total value of $220,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Nipper bought 62,955 shares of the company’s stock in a transaction on Friday, November 9th. The stock was bought at an average cost of $7.55 per share, with a total value of $475,310.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 102,955 shares of company stock valued at $772,310. 11.70% of the stock is currently owned by corporate insiders.
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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