NCS Multistage Holdings Inc (NCSM) Expected to Announce Quarterly Sales of $46.84 Million

Wall Street analysts expect NCS Multistage Holdings Inc (NASDAQ:NCSM) to post $46.84 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NCS Multistage’s earnings. The highest sales estimate is $47.92 million and the lowest is $45.52 million. The business is expected to report its next quarterly earnings results on Monday, February 12th.

According to Zacks, analysts expect that NCS Multistage will report full year sales of $46.84 million for the current financial year, with estimates ranging from $196.97 million to $199.37 million. For the next year, analysts anticipate that the company will post sales of $296.71 million per share, with estimates ranging from $281.55 million to $317.09 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. The company had revenue of $55.96 million for the quarter, compared to analyst estimates of $58.92 million.

A number of equities analysts have recently issued reports on NCSM shares. Royal Bank of Canada set a $30.00 target price on shares of NCS Multistage and gave the stock a “buy” rating in a research report on Sunday, November 12th. Credit Suisse Group cut their price objective on shares of NCS Multistage from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of NCS Multistage from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, September 27th. BidaskClub upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, UBS Group upgraded shares of NCS Multistage from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.86.

A number of large investors have recently modified their holdings of the business. Beck Capital Management LLC increased its stake in NCS Multistage by 8.6% in the third quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock valued at $771,000 after purchasing an additional 2,525 shares in the last quarter. Bank of New York Mellon Corp increased its stake in NCS Multistage by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 32,455 shares of the company’s stock valued at $781,000 after purchasing an additional 3,000 shares in the last quarter. Strs Ohio increased its stake in NCS Multistage by 131.3% in the third quarter. Strs Ohio now owns 7,400 shares of the company’s stock valued at $178,000 after purchasing an additional 4,200 shares in the last quarter. Nationwide Fund Advisors bought a new stake in NCS Multistage in the second quarter valued at approximately $157,000. Finally, Alliancebernstein L.P. bought a new stake in NCS Multistage in the second quarter valued at approximately $201,000. 93.02% of the stock is owned by hedge funds and other institutional investors.

Shares of NCS Multistage (NASDAQ:NCSM) traded up $0.12 during mid-day trading on Thursday, hitting $18.43. 150,853 shares of the stock were exchanged, compared to its average volume of 95,288. NCS Multistage has a 12 month low of $13.85 and a 12 month high of $29.07. The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.

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NCS Multistage Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

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