Analysts forecast that Smart Sand Inc (NASDAQ:SND) will report $61.82 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Smart Sand’s earnings. The highest sales estimate is $67.90 million and the lowest is $56.90 million. Smart Sand posted sales of $39.33 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.2%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, November 8th.

According to Zacks, analysts expect that Smart Sand will report full year sales of $221.90 million for the current financial year, with estimates ranging from $210.80 million to $231.30 million. For the next year, analysts anticipate that the firm will post sales of $251.93 million, with estimates ranging from $215.10 million to $297.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Smart Sand.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $54.40 million for the quarter, compared to analyst estimates of $52.43 million. Smart Sand had a return on equity of 10.72% and a net margin of 16.12%. Smart Sand’s revenue was up 82.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share.

SND has been the subject of a number of research analyst reports. Seaport Global Securities set a $5.00 price target on Smart Sand and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group lowered Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 price target on the stock. in a research report on Wednesday. Stifel Nicolaus reduced their price target on Smart Sand from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, October 10th. ValuEngine lowered Smart Sand from a “sell” rating to a “strong sell” rating in a research report on Monday, September 24th. Finally, Zacks Investment Research lowered Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $8.69.

Several institutional investors and hedge funds have recently modified their holdings of SND. Bank of New York Mellon Corp increased its stake in shares of Smart Sand by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 126,835 shares of the company’s stock worth $674,000 after buying an additional 9,930 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Smart Sand by 5.3% during the 1st quarter. Northern Trust Corp now owns 249,509 shares of the company’s stock worth $1,452,000 after buying an additional 12,645 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Smart Sand by 3.9% during the 1st quarter. Wells Fargo & Company MN now owns 516,888 shares of the company’s stock worth $3,009,000 after buying an additional 19,228 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Smart Sand by 29.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 97,205 shares of the company’s stock worth $566,000 after buying an additional 22,012 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new position in shares of Smart Sand during the 2nd quarter worth $121,000. 43.07% of the stock is owned by institutional investors.

NASDAQ SND traded down $0.11 during midday trading on Tuesday, hitting $2.98. The company had a trading volume of 43,597 shares, compared to its average volume of 626,831. The stock has a market capitalization of $127.50 million, a PE ratio of 9.69 and a beta of 2.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.19. Smart Sand has a twelve month low of $2.95 and a twelve month high of $11.06.

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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