Brokerages expect that Solaris Oilfield Infra (NYSE:SOI) will report earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Solaris Oilfield Infra’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.27. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 8th.
On average, analysts expect that Solaris Oilfield Infra will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $2.04. For the next fiscal year, analysts anticipate that the business will post earnings of $2.60 per share, with EPS estimates ranging from $2.30 to $2.93. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Solaris Oilfield Infra.
Solaris Oilfield Infra (NYSE:SOI) last posted its quarterly earnings data on Tuesday, March 6th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Solaris Oilfield Infra had a net margin of 12.50% and a return on equity of 11.07%. The firm had revenue of $25.20 million for the quarter, compared to analysts’ expectations of $24.22 million. The firm’s revenue was up 245.8% compared to the same quarter last year.
A number of analysts have commented on the stock. Piper Jaffray set a $21.00 price objective on shares of Solaris Oilfield Infra and gave the company a “buy” rating in a research note on Tuesday, April 3rd. Citigroup upped their price objective on shares of Solaris Oilfield Infra to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Zacks Investment Research raised shares of Solaris Oilfield Infra from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, January 11th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Solaris Oilfield Infra in a research note on Wednesday, January 24th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Solaris Oilfield Infra currently has an average rating of “Buy” and a consensus target price of $19.79.
SOI stock opened at $17.81 on Friday. The company has a quick ratio of 3.90, a current ratio of 4.27 and a debt-to-equity ratio of 0.10. Solaris Oilfield Infra has a one year low of $9.90 and a one year high of $23.98. The stock has a market cap of $828.99 and a price-to-earnings ratio of 37.10.
Several institutional investors and hedge funds have recently modified their holdings of SOI. State Street Corp acquired a new position in shares of Solaris Oilfield Infra in the 2nd quarter valued at about $1,330,000. California State Teachers Retirement System acquired a new position in shares of Solaris Oilfield Infra in the 2nd quarter valued at about $206,000. Sei Investments Co. acquired a new position in shares of Solaris Oilfield Infra in the 3rd quarter valued at about $152,000. JPMorgan Chase & Co. acquired a new position in shares of Solaris Oilfield Infra in the 3rd quarter valued at about $748,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Solaris Oilfield Infra by 106.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 35,365 shares of the company’s stock valued at $758,000 after purchasing an additional 18,265 shares during the period. Institutional investors own 64.50% of the company’s stock.
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Solaris Oilfield Infra Company Profile
Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.
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