Zacks: Brokerages Expect Smart Sand Inc (SND) Will Announce Quarterly Sales of $42.64 Million
Equities research analysts expect Smart Sand Inc (NASDAQ:SND) to report sales of $42.64 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Smart Sand’s earnings, with the highest sales estimate coming in at $44.60 million and the lowest estimate coming in at $41.23 million. Smart Sand reported sales of $29.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 44.8%. The business is expected to issue its next quarterly earnings results on Thursday, March 15th.
On average, analysts expect that Smart Sand will report full-year sales of $42.64 million for the current fiscal year, with estimates ranging from $135.41 million to $138.70 million. For the next fiscal year, analysts anticipate that the firm will report sales of $232.31 million per share, with estimates ranging from $213.73 million to $245.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Smart Sand.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The business had revenue of $39.33 million during the quarter, compared to analysts’ expectations of $33.60 million. During the same quarter last year, the company posted $0.06 earnings per share. Smart Sand’s quarterly revenue was up 259.8% on a year-over-year basis.
A number of equities analysts recently commented on the company. BidaskClub upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Deutsche Bank AG began coverage on Smart Sand in a report on Tuesday, October 10th. They set a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Piper Jaffray Companies restated an “overweight” rating and set a $8.15 price objective (up previously from $7.75) on shares of Smart Sand in a report on Friday, October 13th. Finally, Jefferies Group LLC cut Smart Sand from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a report on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $12.80.
Large investors have recently modified their holdings of the company. Eagle Asset Management Inc. boosted its holdings in shares of Smart Sand by 46.8% during the second quarter. Eagle Asset Management Inc. now owns 1,107,980 shares of the company’s stock worth $9,872,000 after acquiring an additional 353,021 shares during the period. American Century Companies Inc. bought a new stake in shares of Smart Sand in the second quarter valued at approximately $1,249,000. Vanguard Group Inc. boosted its stake in shares of Smart Sand by 113.5% in the first quarter. Vanguard Group Inc. now owns 756,457 shares of the company’s stock valued at $12,292,000 after buying an additional 402,123 shares during the period. Morgan Stanley boosted its stake in shares of Smart Sand by 176.7% in the first quarter. Morgan Stanley now owns 105,869 shares of the company’s stock valued at $1,720,000 after buying an additional 67,604 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Smart Sand by 73.3% in the second quarter. Russell Investments Group Ltd. now owns 251,325 shares of the company’s stock valued at $2,239,000 after buying an additional 106,322 shares during the period. Institutional investors own 50.92% of the company’s stock.
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Smart Sand (NASDAQ:SND) traded up $0.01 during trading on Friday, reaching $7.90. The company had a trading volume of 756,300 shares, compared to its average volume of 741,188. Smart Sand has a fifty-two week low of $4.81 and a fifty-two week high of $21.99. The company has a market capitalization of $319.11 and a PE ratio of 11.79.
Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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