Equities analysts expect Smart Sand Inc (NASDAQ:SND) to announce $0.23 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Smart Sand’s earnings, with estimates ranging from $0.10 to $0.36. Smart Sand reported earnings of $0.06 per share in the same quarter last year, which would indicate a positive year over year growth rate of 283.3%. The firm is expected to announce its next quarterly earnings results on Thursday, March 21st.
On average, analysts expect that Smart Sand will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.99. For the next year, analysts forecast that the company will post earnings of $0.72 per share, with EPS estimates ranging from $0.40 to $1.03. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Smart Sand.
Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The business had revenue of $63.10 million for the quarter, compared to the consensus estimate of $56.62 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 60.6% on a year-over-year basis.
SND has been the topic of a number of research reports. Seaport Global Securities restated a “buy” rating on shares of Smart Sand in a research note on Thursday, August 9th. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Wednesday, July 25th. Stifel Nicolaus initiated coverage on Smart Sand in a research note on Monday, September 10th. They set a “hold” rating and a $5.50 price target on the stock. Finally, ValuEngine upgraded Smart Sand from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.69.
NASDAQ:SND opened at $3.25 on Wednesday. The company has a market cap of $118.14 million, a P/E ratio of 10.16 and a beta of 3.11. The company has a current ratio of 1.57, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. Smart Sand has a 52-week low of $2.55 and a 52-week high of $11.06.
Several institutional investors and hedge funds have recently bought and sold shares of SND. Hartford Investment Management Co. acquired a new position in Smart Sand during the second quarter worth $121,000. A.R.T. Advisors LLC acquired a new position in Smart Sand during the first quarter worth $155,000. GSA Capital Partners LLP acquired a new position in Smart Sand during the second quarter worth $173,000. Victory Capital Management Inc. raised its holdings in Smart Sand by 139.8% during the third quarter. Victory Capital Management Inc. now owns 41,916 shares of the company’s stock worth $172,000 after purchasing an additional 24,439 shares during the last quarter. Finally, Creative Planning acquired a new position in Smart Sand during the third quarter worth $302,000. 43.00% of the stock is owned by institutional investors and hedge funds.
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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