Brokerages predict that Hi-Crush Partners LP (NYSE:HCLP) will report $0.70 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Hi-Crush Partners’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.49. Hi-Crush Partners posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year over year growth rate of 118.8%. The business is expected to announce its next earnings report on Tuesday, October 30th.

On average, analysts expect that Hi-Crush Partners will report full-year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.25 to $3.16. For the next fiscal year, analysts anticipate that the company will post earnings of $2.57 per share, with EPS estimates ranging from $1.14 to $3.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.10). Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The firm had revenue of $248.52 million for the quarter, compared to the consensus estimate of $250.12 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 83.8% compared to the same quarter last year.

Several research firms recently weighed in on HCLP. Cowen lowered Hi-Crush Partners from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a research report on Monday, July 30th. They noted that the move was a valuation call. Credit Suisse Group lifted their price target on Hi-Crush Partners from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, August 2nd. AltaCorp Capital restated an “outperform” rating on shares of Hi-Crush Partners in a research report on Monday, May 14th. TheStreet upgraded Hi-Crush Partners from a “c+” rating to a “b-” rating in a research report on Friday, July 20th. Finally, Jefferies Financial Group lowered Hi-Crush Partners from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.61.

Shares of NYSE HCLP remained flat at $$12.10 during mid-day trading on Friday. The company had a trading volume of 3,265,115 shares, compared to its average volume of 1,984,277. The company has a quick ratio of 1.47, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. Hi-Crush Partners has a one year low of $7.70 and a one year high of $16.65. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.98 and a beta of 1.37.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Friday, August 3rd were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 24.79%. This is an increase from Hi-Crush Partners’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, August 2nd. Hi-Crush Partners’s payout ratio is 297.03%.

In other Hi-Crush Partners news, insider William E. Barker sold 12,367 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $12.90, for a total value of $159,534.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 34.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its holdings in Hi-Crush Partners by 4.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 312,676 shares of the basic materials company’s stock worth $3,690,000 after acquiring an additional 14,400 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Hi-Crush Partners during the second quarter valued at $2,610,000. Barings LLC bought a new position in shares of Hi-Crush Partners during the second quarter valued at $1,178,000. Wells Fargo & Company MN lifted its holdings in shares of Hi-Crush Partners by 31.2% during the first quarter. Wells Fargo & Company MN now owns 83,471 shares of the basic materials company’s stock valued at $885,000 after purchasing an additional 19,862 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Hi-Crush Partners by 213.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,278 shares of the basic materials company’s stock valued at $363,000 after purchasing an additional 23,343 shares in the last quarter. 24.26% of the stock is currently owned by institutional investors and hedge funds.

About Hi-Crush Partners

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.

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Earnings History and Estimates for Hi-Crush Partners (NYSE:HCLP)

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