Research Analysts Offer Predictions for Smart Sand’s Q4 2018 Earnings (SND)

Smart Sand (NASDAQ:SND) – Research analysts at Jefferies Group raised their Q4 2018 EPS estimates for shares of Smart Sand in a note issued to investors on Wednesday, April 18th. Jefferies Group analyst B. Handler now anticipates that the company will post earnings per share of $0.40 for the quarter, up from their prior forecast of $0.39.

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SND has been the topic of a number of other research reports. Deutsche Bank lowered their target price on shares of Smart Sand from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 19th. Zacks Investment Research raised shares of Smart Sand from a “hold” rating to a “strong-buy” rating and set a $9.50 target price on the stock in a research note on Thursday, February 22nd. Janney Montgomery Scott cut shares of Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Tuesday, January 2nd. Credit Suisse Group reissued a “neutral” rating and issued a $6.75 target price (down previously from $9.00) on shares of Smart Sand in a research note on Friday, March 16th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $12.00 target price on shares of Smart Sand in a research note on Monday, March 19th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Smart Sand has an average rating of “Hold” and a consensus price target of $9.78.

NASDAQ SND opened at $6.64 on Thursday. The stock has a market capitalization of $257.55, a P/E ratio of 20.75 and a beta of 3.49. Smart Sand has a twelve month low of $4.81 and a twelve month high of $13.70.

Smart Sand (NASDAQ:SND) last posted its earnings results on Thursday, March 15th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.09). The business had revenue of $43.00 million during the quarter, compared to the consensus estimate of $40.96 million. Smart Sand had a net margin of 15.69% and a return on equity of 7.37%. The business’s revenue was up 45.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS.

A number of institutional investors have recently modified their holdings of the business. Teachers Advisors LLC grew its stake in Smart Sand by 20.2% during the fourth quarter. Teachers Advisors LLC now owns 37,466 shares of the company’s stock worth $324,000 after buying an additional 6,284 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Smart Sand by 17.4% during the third quarter. Bank of New York Mellon Corp now owns 90,539 shares of the company’s stock worth $614,000 after buying an additional 13,406 shares during the last quarter. BlackRock Inc. grew its stake in Smart Sand by 1.0% during the fourth quarter. BlackRock Inc. now owns 1,348,156 shares of the company’s stock worth $11,676,000 after buying an additional 13,749 shares during the last quarter. Mycio Wealth Partners LLC grew its stake in Smart Sand by 62.2% during the fourth quarter. Mycio Wealth Partners LLC now owns 36,500 shares of the company’s stock worth $316,000 after buying an additional 14,000 shares during the last quarter. Finally, Fidelity National Financial Inc. bought a new stake in Smart Sand during the fourth quarter worth about $123,000. 51.00% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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