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.

A number of research analysts have issued reports on SND shares. Stifel Nicolaus started coverage on shares of Smart Sand in a research report on Monday, September 10th. They set a “hold” rating and a $5.50 price objective on the stock. ValuEngine downgraded shares of Smart Sand from a “sell” rating to a “strong sell” rating in a research report on Monday, September 24th. Zacks Investment Research downgraded shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Jefferies Financial Group downgraded shares of Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 price objective on the stock. in a research report on Wednesday, October 17th. Finally, Seaport Global Securities set a $5.00 price objective on shares of Smart Sand and gave the company a “buy” rating in a research report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.69.

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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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Earnings History for Smart Sand (NASDAQ:SND)

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