Zacks: Analysts Expect Solaris Oilfield Infrastructure Inc (SOI) Will Post Earnings of $0.46 Per Share
Equities analysts expect that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will post earnings per share (EPS) of $0.46 for the current quarter, according to Zacks. Seven analysts have made estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $0.42 to $0.48. Solaris Oilfield Infrastructure posted earnings per share of $0.20 in the same quarter last year, which would suggest a positive year-over-year growth rate of 130%. The firm is scheduled to issue its next earnings results on Tuesday, March 5th.
On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.67 to $1.71. For the next year, analysts expect that the business will post earnings of $2.46 per share, with EPS estimates ranging from $2.30 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $56.70 million during the quarter, compared to the consensus estimate of $56.23 million. Solaris Oilfield Infrastructure had a return on equity of 25.81% and a net margin of 19.18%. The business’s revenue for the quarter was up 206.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS.
SOI stock opened at $13.89 on Friday. The firm has a market cap of $653.37 million, a PE ratio of 28.94 and a beta of 1.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.40 and a quick ratio of 2.02. Solaris Oilfield Infrastructure has a 52 week low of $12.88 and a 52 week high of $23.98.
In related news, Director James R. Burke sold 7,170 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $16.67, for a total value of $119,523.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.44% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of SOI. BlackRock Inc. boosted its position in Solaris Oilfield Infrastructure by 32.8% in the 1st quarter. BlackRock Inc. now owns 1,177,055 shares of the company’s stock valued at $19,492,000 after buying an additional 290,696 shares during the last quarter. UBS Group AG boosted its position in Solaris Oilfield Infrastructure by 622.6% in the 1st quarter. UBS Group AG now owns 25,480 shares of the company’s stock valued at $422,000 after buying an additional 21,954 shares during the last quarter. Millennium Management LLC boosted its position in Solaris Oilfield Infrastructure by 296.2% in the 1st quarter. Millennium Management LLC now owns 241,284 shares of the company’s stock valued at $3,996,000 after buying an additional 180,387 shares during the last quarter. Fred Alger Management Inc. boosted its position in Solaris Oilfield Infrastructure by 166.8% in the 2nd quarter. Fred Alger Management Inc. now owns 2,217,243 shares of the company’s stock valued at $31,684,000 after buying an additional 1,386,252 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Solaris Oilfield Infrastructure by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,301,357 shares of the company’s stock valued at $18,597,000 after buying an additional 35,954 shares during the last quarter. 79.84% of the stock is owned by institutional investors.
About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.
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