Equities research analysts expect Smart Sand Inc (NASDAQ:SND) to report earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Smart Sand’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.31. Smart Sand posted earnings of $0.17 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The firm is expected to issue its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Smart Sand will report full year earnings of $0.95 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.99. For the next year, analysts forecast that the company will post earnings of $1.14 per share, with EPS estimates ranging from $1.03 to $1.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Smart Sand.
Smart Sand (NASDAQ:SND) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $54.40 million during the quarter, compared to the consensus estimate of $52.43 million. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The company’s quarterly revenue was up 82.6% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS.
SND has been the subject of several research reports. ValuEngine downgraded Smart Sand from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Johnson Rice downgraded Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Tuesday, June 26th. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Wednesday, July 25th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Smart Sand in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.97.
NASDAQ SND traded down $0.29 during trading on Thursday, hitting $4.26. The stock had a trading volume of 8,225 shares, compared to its average volume of 452,719. The company has a market cap of $205.51 million, a P/E ratio of 13.53 and a beta of 2.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.19. Smart Sand has a twelve month low of $4.48 and a twelve month high of $11.06.
Institutional investors and hedge funds have recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new position in shares of Smart Sand in the 2nd quarter valued at about $121,000. A.R.T. Advisors LLC purchased a new position in shares of Smart Sand during the 1st quarter valued at approximately $155,000. GSA Capital Partners LLP purchased a new position in shares of Smart Sand during the 2nd quarter valued at approximately $173,000. New York State Common Retirement Fund lifted its position in shares of Smart Sand by 267.4% during the 1st quarter. New York State Common Retirement Fund now owns 65,756 shares of the company’s stock valued at $383,000 after buying an additional 47,856 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Smart Sand by 29.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 97,205 shares of the company’s stock valued at $566,000 after purchasing an additional 22,012 shares in the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.
About Smart Sand
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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