Piper Jaffray Companies Comments on NCS Multistage Holdings Inc’s FY2019 Earnings (NASDAQ:NCSM)

NCS Multistage Holdings Inc (NASDAQ:NCSM) – Piper Jaffray Companies cut their FY2019 earnings per share estimates for NCS Multistage in a report issued on Tuesday, November 5th. Piper Jaffray Companies analyst I. Macpherson now expects that the company will post earnings of ($0.24) per share for the year, down from their prior forecast of ($0.21). Piper Jaffray Companies also issued estimates for NCS Multistage’s Q4 2019 earnings at ($0.02) EPS, Q1 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.07 EPS, Q4 2020 earnings at $0.03 EPS, FY2020 earnings at $0.02 EPS, Q1 2021 earnings at $0.10 EPS, Q2 2021 earnings at ($0.06) EPS, Q3 2021 earnings at $0.11 EPS and FY2021 earnings at $0.22 EPS.

A number of other analysts have also recently issued reports on NCSM. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.00 target price (down previously from $6.00) on shares of NCS Multistage in a report on Wednesday, August 7th. ValuEngine upgraded NCS Multistage from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research cut NCS Multistage from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. NCS Multistage presently has a consensus rating of “Hold” and an average target price of $5.93.

Shares of NASDAQ:NCSM traded down $0.02 during trading on Friday, reaching $2.30. 41,300 shares of the stock were exchanged, compared to its average volume of 29,632. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.78 and a current ratio of 3.87. NCS Multistage has a 12-month low of $1.56 and a 12-month high of $8.23. The firm has a market cap of $109.94 million, a price-to-earnings ratio of 11.50 and a beta of 2.71. The firm’s 50-day moving average price is $2.12 and its 200 day moving average price is $2.73.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $60.77 million during the quarter, compared to analysts’ expectations of $59.77 million. NCS Multistage had a negative net margin of 115.05% and a negative return on equity of 7.84%.

In related news, Director Franklin Myers purchased 42,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $2.06 per share, for a total transaction of $87,550.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Marty Stromquist purchased 39,912 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.25 per share, with a total value of $89,802.00. Insiders have bought a total of 119,912 shares of company stock valued at $257,502 in the last quarter. Company insiders own 11.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCSM. Outlook Wealth Advisors LLC purchased a new position in NCS Multistage in the 2nd quarter worth approximately $37,000. Susquehanna International Group LLP acquired a new position in shares of NCS Multistage in the 2nd quarter valued at approximately $60,000. Charles Schwab Investment Management Inc. raised its position in shares of NCS Multistage by 10.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock valued at $294,000 after purchasing an additional 7,677 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NCS Multistage by 16.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 93,356 shares of the company’s stock valued at $331,000 after purchasing an additional 13,296 shares in the last quarter. Finally, Gagnon Securities LLC raised its position in shares of NCS Multistage by 39.2% in 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 in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

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, 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.

Further Reading: Capital Gains Distribution

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

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