Smart Sand (SND) Issues Earnings Results
Smart Sand (NASDAQ:SND) issued its quarterly earnings data on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01, MarketWatch Earnings reports. The business had revenue of $63.10 million for the quarter, compared to the consensus estimate of $56.62 million. Smart Sand had a net margin of 16.12% and a return on equity of 10.72%. The company’s quarterly revenue was up 60.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS.
Shares of NASDAQ:SND traded down $0.02 during midday trading on Friday, reaching $3.25. The company’s stock had a trading volume of 584,197 shares, compared to its average volume of 808,613. The company has a market capitalization of $119.39 million, a PE ratio of 10.16 and a beta of 3.11. 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 12-month low of $2.55 and a 12-month high of $11.06.
Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Smart Sand in the 2nd quarter worth about $173,000. Northern Trust Corp grew its position in shares of Smart Sand by 5.3% in 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 during the period. BlackRock Inc. grew its position in shares of Smart Sand by 1.9% in the 1st quarter. BlackRock Inc. now owns 1,373,184 shares of the company’s stock worth $7,992,000 after buying an additional 25,028 shares during the period. Hartford Investment Management Co. purchased a new stake in shares of Smart Sand in the 2nd quarter worth about $121,000. Finally, FMR LLC grew its position in shares of Smart Sand by 28.1% in the 2nd quarter. FMR LLC now owns 2,786,228 shares of the company’s stock worth $14,795,000 after buying an additional 611,873 shares during the period. 43.00% of the stock is currently owned by hedge funds and other institutional investors.
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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