Smart Sand (NASDAQ:SND) Posts Earnings Results, Beats Estimates By $0.06 EPS

Smart Sand (NASDAQ:SND) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06, FiscalAI reports. Smart Sand had a negative return on equity of 7.55% and a net margin of 1.16%.The business had revenue of $86.05 million for the quarter, compared to analysts’ expectations of $60.00 million.

Smart Sand Stock Performance

Shares of Smart Sand stock traded down $0.09 during trading on Thursday, reaching $5.08. The company’s stock had a trading volume of 300,173 shares, compared to its average volume of 384,919. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $4.41 and its 200-day moving average price is $3.10. Smart Sand has a 52 week low of $1.76 and a 52 week high of $5.59. The firm has a market cap of $221.18 million, a PE ratio of 56.44 and a beta of 0.39.

Institutional Trading of Smart Sand

A number of institutional investors have recently bought and sold shares of SND. Verdad Advisers LP acquired a new stake in shares of Smart Sand in the fourth quarter valued at approximately $404,000. Walleye Capital LLC acquired a new stake in Smart Sand during the fourth quarter worth approximately $325,000. Jane Street Group LLC increased its stake in Smart Sand by 348.8% during the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock worth $210,000 after acquiring an additional 62,961 shares during the period. Hudson Bay Capital Management LP acquired a new position in Smart Sand in the 4th quarter valued at $173,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Smart Sand during the 4th quarter valued at $146,000. Institutional investors own 35.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SND. Wall Street Zen downgraded shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smart Sand in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Smart Sand Company Profile

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.