Analysts Anticipate Solaris Oilfield Infra (SOI) Will Post Quarterly Sales of $33.37 Million

Equities analysts expect that Solaris Oilfield Infra (NYSE:SOI) will announce sales of $33.37 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Solaris Oilfield Infra’s earnings. The lowest sales estimate is $32.60 million and the highest is $34.07 million. The business is scheduled to issue its next earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Solaris Oilfield Infra will report full year sales of $187.56 million for the current fiscal year, with estimates ranging from $183.00 million to $192.36 million. For the next financial year, analysts expect that the firm will post sales of $276.44 million per share, with estimates ranging from $257.10 million to $285.76 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Solaris Oilfield Infra.

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Solaris Oilfield Infra (NYSE:SOI) last posted its quarterly earnings results on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Solaris Oilfield Infra had a return on equity of 11.07% and a net margin of 12.50%. The company had revenue of $25.20 million for the quarter, compared to the consensus estimate of $24.22 million. The business’s revenue for the quarter was up 245.8% on a year-over-year basis.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Solaris Oilfield Infra from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, January 11th. Citigroup raised their price target on Solaris Oilfield Infra to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Imperial Capital restated an “outperform” rating and set a $26.00 price target on shares of Solaris Oilfield Infra in a research report on Wednesday, January 24th. Finally, Piper Jaffray set a $24.00 price target on Solaris Oilfield Infra and gave the stock a “buy” rating in a research report on Monday, December 25th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Solaris Oilfield Infra presently has an average rating of “Buy” and an average target price of $19.79.

SOI traded down $0.21 on Tuesday, hitting $18.19. 412,014 shares of the company were exchanged, compared to its average volume of 445,209. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.27 and a quick ratio of 3.90. Solaris Oilfield Infra has a 12 month low of $9.90 and a 12 month high of $23.98. The firm has a market cap of $828.99 and a price-to-earnings ratio of 37.90.

Hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY bought a new stake in shares of Solaris Oilfield Infra in the 4th quarter worth approximately $143,000. MetLife Investment Advisors LLC bought a new stake in shares of Solaris Oilfield Infra in the 4th quarter worth approximately $205,000. American International Group Inc. grew its position in shares of Solaris Oilfield Infra by 73.6% in the 4th quarter. American International Group Inc. now owns 11,776 shares of the company’s stock worth $252,000 after buying an additional 4,994 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Solaris Oilfield Infra in the 4th quarter worth approximately $253,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Solaris Oilfield Infra by 54.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,613 shares of the company’s stock worth $312,000 after buying an additional 5,128 shares during the last quarter. Hedge funds and other institutional investors own 65.42% of the company’s stock.

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About Solaris Oilfield Infra

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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Earnings History and Estimates for Solaris Oilfield Infra (NYSE:SOI)

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