Brokerages expect Smart Sand Inc (NASDAQ:SND) to post earnings per share of $0.21 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Smart Sand’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.20. Smart Sand reported earnings of $0.06 per share during the same quarter last year, which suggests a positive year over year growth rate of 250%. The firm is expected to announce its next earnings results on Thursday, August 9th.
According to Zacks, analysts expect that Smart Sand will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.95 to $1.08. For the next fiscal year, analysts anticipate that the company will report earnings of $1.29 per share, with EPS estimates ranging from $1.02 to $1.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Smart Sand.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). Smart Sand had a return on equity of 7.13% and a net margin of 13.91%. The firm had revenue of $42.60 million for the quarter, compared to the consensus estimate of $44.56 million. During the same period last year, the company posted $0.02 earnings per share. The business’s revenue was up 70.4% compared to the same quarter last year.
Several brokerages have recently weighed in on SND. BidaskClub raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Tudor Pickering lowered shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. ValuEngine lowered shares of Smart Sand from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Smart Sand from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 22nd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $6.75 price objective (down from $9.00) on shares of Smart Sand in a research report on Friday, March 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.46.
Smart Sand opened at $5.98 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 1.59. Smart Sand has a 1 year low of $4.81 and a 1 year high of $11.06. The firm has a market cap of $236.27 million, a price-to-earnings ratio of 18.38 and a beta of 2.85.
In other Smart Sand news, CFO Lee E. Beckelman purchased 7,600 shares of the stock in a transaction that occurred on Tuesday, May 15th. The shares were acquired at an average cost of $6.64 per share, with a total value of $50,464.00. Following the completion of the transaction, the chief financial officer now owns 184,867 shares in the company, valued at $1,227,516.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Edwin Young purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, May 29th. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $182,400.00. Following the completion of the transaction, the chief executive officer now owns 253,906 shares of the company’s stock, valued at approximately $1,543,748.48. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 53,600 shares of company stock worth $337,434. 46.60% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new position in Smart Sand during the fourth quarter worth about $128,000. Mackay Shields LLC bought a new position in Smart Sand during the first quarter worth about $128,000. Stone Ridge Asset Management LLC bought a new position in Smart Sand during the fourth quarter worth about $144,000. Globeflex Capital L P bought a new position in Smart Sand during the fourth quarter worth about $149,000. Finally, A.R.T. Advisors LLC bought a new position in Smart Sand during the first quarter worth about $155,000. 46.16% of the stock is currently owned by institutional investors and hedge funds.
Smart Sand Company Profile
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
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