Smart Sand Inc (SND) Expected to Post Quarterly Sales of $29.70 Million
Equities research analysts expect that Smart Sand Inc (NYSE:SND) will report $29.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Smart Sand’s earnings, with the highest sales estimate coming in at $31.80 million and the lowest estimate coming in at $27.60 million. The business is expected to issue its next quarterly earnings results on Thursday, August 10th.
On average, analysts expect that Smart Sand will report full-year sales of $29.70 million for the current fiscal year, with estimates ranging from $120.40 million to $133.50 million. For the next year, analysts anticipate that the firm will post sales of $224.10 million per share, with estimates ranging from $209.40 million to $238.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Smart Sand.
Smart Sand (NYSE:SND) last posted its quarterly earnings results on Thursday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.03. Smart Sand had a net margin of 3.87% and a return on equity of 2.51%. The company had revenue of $25 million for the quarter, compared to analyst estimates of $18.13 million. The company’s revenue for the quarter was up 140.4% on a year-over-year basis.
SND has been the subject of several recent analyst reports. Johnson Rice upgraded shares of Smart Sand from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $20.00 to $21.00 in a report on Friday, March 17th. Zacks Investment Research cut shares of Smart Sand from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Smart Sand in a report on Friday, March 24th. Simmons increased their price objective on shares of Smart Sand from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, April 11th. Finally, Evercore ISI initiated coverage on shares of Smart Sand in a report on Thursday, May 25th. They issued an “in-line” rating and a $12.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $15.50.
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Shares of Smart Sand (NYSE SND) opened at 7.42 on Friday. The firm has a market capitalization of $299.33 million and a P/E ratio of 17.26. Smart Sand has a 52-week low of $7.40 and a 52-week high of $21.99. The stock’s 50 day moving average is $9.78 and its 200-day moving average is $14.34.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Smart Sand during the fourth quarter worth $2,216,000. State Street Corp acquired a new stake in shares of Smart Sand during the fourth quarter worth $2,198,000. FMR LLC acquired a new stake in shares of Smart Sand during the fourth quarter worth $24,331,000. Tudor Investment Corp Et Al acquired a new stake in shares of Smart Sand during the fourth quarter worth $201,000. Finally, Putnam Investments LLC acquired a new stake in shares of Smart Sand during the fourth quarter worth $3,944,000.
Smart Sand Company Profile
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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