FY2018 Earnings Estimate for Smart Sand (SND) Issued By Piper Jaffray

Smart Sand (NASDAQ:SND) – Stock analysts at Piper Jaffray issued their FY2018 earnings per share estimates for shares of Smart Sand in a research report issued on Wednesday, April 11th. Piper Jaffray analyst J. Watson forecasts that the company will post earnings per share of $0.93 for the year. Piper Jaffray currently has a “Buy” rating and a $10.00 price objective on the stock.

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SND has been the subject of several other reports. Zacks Investment Research downgraded Smart Sand from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 22nd. TheStreet downgraded Smart Sand from a “c-” rating to a “d+” rating in a research note on Monday, March 26th. Deutsche Bank reduced their price objective on Smart Sand from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, March 19th. BidaskClub raised Smart Sand from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $12.00 price objective on shares of Smart Sand in a research note on Monday, March 19th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.78.

NASDAQ SND opened at $6.29 on Monday. Smart Sand has a one year low of $4.81 and a one year high of $14.32. The firm has a market capitalization of $277.20, a P/E ratio of 19.66 and a beta of 3.47.

Smart Sand (NASDAQ:SND) last announced its earnings results on Thursday, March 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). Smart Sand had a net margin of 15.69% and a return on equity of 7.37%. The business had revenue of $43.00 million for the quarter, compared to analysts’ expectations of $40.96 million. During the same quarter last year, the business earned $0.40 EPS. The company’s quarterly revenue was up 45.8% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of SND. State Street Corp increased its stake in shares of Smart Sand by 37.6% in the 2nd quarter. State Street Corp now owns 238,917 shares of the company’s stock worth $2,130,000 after acquiring an additional 65,231 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Smart Sand by 62.6% in the 2nd quarter. California State Teachers Retirement System now owns 38,700 shares of the company’s stock worth $345,000 after acquiring an additional 14,900 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Smart Sand by 17.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 90,539 shares of the company’s stock worth $614,000 after acquiring an additional 13,406 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Smart Sand in the 3rd quarter worth $128,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Smart Sand by 24.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 551,940 shares of the company’s stock worth $3,742,000 after acquiring an additional 107,040 shares during the last quarter. 51.00% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Smart Sand (NASDAQ:SND)

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