FY2018 EPS Estimates for Smart Sand Inc Reduced by Analyst (SND)
Smart Sand Inc (NYSE:SND) – Stock analysts at Jefferies Group dropped their FY2018 earnings per share estimates for Smart Sand in a research note issued on Monday. Jefferies Group analyst B. Handler now expects that the company will post earnings of $1.00 per share for the year, down from their prior estimate of $1.30. Jefferies Group currently has a “Buy” rating and a $7.00 target price on the stock. Jefferies Group also issued estimates for Smart Sand’s FY2019 earnings at $1.20 EPS and FY2020 earnings at $0.95 EPS.
Smart Sand (NYSE:SND) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.03. Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. The company had revenue of $29.79 million for the quarter, compared to the consensus estimate of $29.88 million. During the same period in the previous year, the business earned ($0.11) EPS. Smart Sand’s revenue for the quarter was up 250.9% compared to the same quarter last year.
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Other research analysts have also issued research reports about the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $21.00) on shares of Smart Sand in a research report on Tuesday, May 30th. Zacks Investment Research raised shares of Smart Sand from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Friday, June 16th. Janney Montgomery Scott initiated coverage on shares of Smart Sand in a report on Thursday, June 15th. They set a “buy” rating and a $13.00 price objective for the company. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Smart Sand in a report on Monday, August 14th. Finally, Evercore ISI started coverage on shares of Smart Sand in a report on Thursday, May 25th. They set an “in-line” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.15.
Shares of Smart Sand (SND) traded up 0.17% during midday trading on Wednesday, reaching $5.75. The company had a trading volume of 102,842 shares. The company has a market capitalization of $232.14 million and a P/E ratio of 12.11. The company’s 50 day moving average price is $6.23 and its 200-day moving average price is $11.39. Smart Sand has a 52 week low of $4.81 and a 52 week high of $21.99.
Several institutional investors have recently modified their holdings of SND. Catalyst Capital Advisors LLC boosted its position in Smart Sand by 61,441.7% in the first quarter. Catalyst Capital Advisors LLC now owns 184,625 shares of the company’s stock worth $3,000,000 after buying an additional 184,325 shares in the last quarter. Sprott Inc. acquired a new stake in Smart Sand during the first quarter worth $10,562,000. Eagle Asset Management Inc. acquired a new stake in Smart Sand during the first quarter worth $12,268,000. Sei Investments Co. acquired a new stake in Smart Sand during the first quarter worth $2,026,000. Finally, Bank of New York Mellon Corp raised its stake in Smart Sand by 47.5% in the first quarter. Bank of New York Mellon Corp now owns 132,644 shares of the company’s stock worth $2,155,000 after buying an additional 42,729 shares during the last quarter.
In other Smart Sand news, CFO Lee E. Beckelman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $5.13 per share, with a total value of $102,600.00. Following the acquisition, the chief financial officer now directly owns 137,500 shares of the company’s stock, valued at approximately $705,375. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Edwin Young acquired 100,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $5.18 per share, with a total value of $518,000.00. Following the acquisition, the chief executive officer now directly owns 140,600 shares in the company, valued at $728,308. The disclosure for this purchase can be found here. Insiders have purchased a total of 132,000 shares of company stock valued at $685,960 in the last ninety days.
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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