NCS Multistage (NCSM) Set to Announce Earnings on Tuesday

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NCS Multistage (NASDAQ:NCSM) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter.

NCS Multistage (NASDAQ:NCSM) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). NCS Multistage had a negative net margin of 101.98% and a negative return on equity of 1.11%. The company had revenue of $52.85 million for the quarter, compared to analyst estimates of $54.65 million. On average, analysts expect NCS Multistage to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ NCSM opened at $2.69 on Monday. The company has a 50 day simple moving average of $3.20. NCS Multistage has a 12-month low of $2.46 and a 12-month high of $17.63. The company has a current ratio of 5.44, a quick ratio of 3.72 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $125.54 million, a price-to-earnings ratio of 13.45 and a beta of 2.55.

NCSM has been the topic of several research reports. Piper Jaffray Companies lowered shares of NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price target on the stock. in a research report on Tuesday, June 25th. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.86.

In other news, Director Franklin Myers bought 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average price of $2.57 per share, with a total value of $102,800.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ryan Hummer bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average cost of $2.63 per share, for a total transaction of $131,500.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 140,000 shares of company stock worth $364,800 in the last ninety days. 11.90% of the stock is currently owned by insiders.

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.

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Earnings History for NCS Multistage (NASDAQ:NCSM)

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