Wall Street analysts predict that Smart Sand Inc (NASDAQ:SND) will post $63.26 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Smart Sand’s earnings. The lowest sales estimate is $60.40 million and the highest is $67.90 million. Smart Sand posted sales of $39.33 million during the same quarter last year, which suggests a positive year over year growth rate of 60.8%. The company is scheduled to report its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Smart Sand will report full-year sales of $227.18 million for the current financial year, with estimates ranging from $218.30 million to $233.50 million. For the next financial year, analysts forecast that the business will report sales of $270.91 million, with estimates ranging from $235.93 million to $306.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Smart Sand.
Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. The business had revenue of $54.40 million for the quarter, compared to analyst estimates of $52.43 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 82.6% compared to the same quarter last year.
SND has been the topic of several recent research reports. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research report on Wednesday, July 11th. Seaport Global Securities restated a “buy” rating on shares of Smart Sand in a research report on Thursday, August 9th. ValuEngine upgraded Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Johnson Rice downgraded Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research note on Tuesday, June 26th. Finally, Tudor Pickering downgraded Smart Sand from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.97.
A number of hedge funds and other institutional investors have recently bought and sold shares of SND. FMR LLC raised its stake in Smart Sand by 28.1% in the 2nd quarter. FMR LLC now owns 2,786,228 shares of the company’s stock valued at $14,795,000 after purchasing an additional 611,873 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Smart Sand by 268.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock valued at $3,862,000 after purchasing an additional 529,904 shares during the last quarter. Signia Capital Management LLC acquired a new position in Smart Sand in the 2nd quarter valued at $2,288,000. Russell Investments Group Ltd. raised its stake in Smart Sand by 14.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,898,671 shares of the company’s stock valued at $11,051,000 after purchasing an additional 240,872 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Smart Sand in the 1st quarter valued at $778,000. 43.07% of the stock is owned by hedge funds and other institutional investors.
Smart Sand stock opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.57. Smart Sand has a 12 month low of $4.08 and a 12 month high of $11.06. The company has a market capitalization of $189.28 million, a price-to-earnings ratio of 12.78 and a beta of 2.75.
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.
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