Smart Sand (NASDAQ:SND) posted its quarterly earnings data on Thursday, March 15th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.09), Morningstar.com reports. The firm had revenue of $43.00 million for the quarter, compared to the consensus estimate of $40.96 million. Smart Sand had a return on equity of 7.37% and a net margin of 15.69%. The firm’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS.
Shares of SND stock traded down $0.12 during mid-day trading on Friday, reaching $6.06. 597,487 shares of the stock traded hands, compared to its average volume of 1,159,724. Smart Sand has a 1-year low of $4.81 and a 1-year high of $16.67. The firm has a market capitalization of $248.13, a price-to-earnings ratio of 18.94 and a beta of 3.49.
A number of research analysts recently commented on SND shares. Janney Montgomery Scott cut Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Tuesday, January 2nd. TheStreet upgraded Smart Sand from a “d” rating to a “c-” rating in a research report on Tuesday, January 2nd. BidaskClub cut Smart Sand from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Piper Jaffray set a $12.00 price objective on Smart Sand and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Smart Sand in a research note on Monday, March 19th. One equities research 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. Smart Sand presently has a consensus rating of “Hold” and an average price target of $11.14.
Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after purchasing an additional 10,783 shares in the last quarter. Fidelity National Financial Inc. acquired a new stake in shares of Smart Sand during the fourth quarter valued at about $123,000. Macquarie Group Ltd. acquired a new stake in shares of Smart Sand during the fourth quarter valued at about $128,000. Stone Ridge Asset Management LLC bought a new position in shares of Smart Sand during the fourth quarter worth about $144,000. Finally, Globeflex Capital L P bought a new position in shares of Smart Sand during the fourth quarter worth about $149,000. 51.00% of the stock is currently owned by hedge funds and other institutional investors.
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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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