Wall Street analysts forecast that Smart Sand Inc (NASDAQ:SND) will post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Smart Sand’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Smart Sand posted earnings of $0.42 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 61.9%. The business is expected to issue its next quarterly earnings report on Thursday, March 15th.

According to Zacks, analysts expect that Smart Sand will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.32 to $0.42. For the next financial year, analysts expect that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.91 to $1.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Smart Sand.

Smart Sand (NASDAQ:SND) last posted its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Smart Sand had a return on equity of 14.41% and a net margin of 18.67%. The firm had revenue of $39.33 million for the quarter, compared to the consensus estimate of $33.60 million. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 259.8% on a year-over-year basis.

A number of research analysts have weighed in on SND shares. Jefferies Group LLC set a $7.00 target price on Smart Sand and gave the stock a “buy” rating in a report on Monday, August 28th. Piper Jaffray Companies reissued a “buy” rating on shares of Smart Sand in a research report on Monday, August 14th. Deutsche Bank AG began coverage on Smart Sand in a research report on Tuesday, October 10th. They issued a “buy” rating and a $9.00 price target on the stock. BidaskClub raised Smart Sand from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised Smart Sand from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Friday, November 17th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $12.80.

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In other Smart Sand news, VP Robert Kiszka acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $5.53 per share, with a total value of $55,300.00. Following the transaction, the vice president now owns 110,629 shares of the company’s stock, valued at approximately $611,778.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds have recently added to or reduced their stakes in SND. Royal Bank of Canada lifted its position in Smart Sand by 1,651.3% in the 2nd quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after acquiring an additional 10,783 shares in the last quarter. American International Group Inc. purchased a new stake in Smart Sand during the 1st quarter valued at $116,000. SG Americas Securities LLC purchased a new stake in Smart Sand during the 3rd quarter valued at $128,000. Wall Street Access Asset Management LLC raised its stake in Smart Sand by 19.6% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after buying an additional 2,705 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in Smart Sand during the 1st quarter valued at $156,000. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Smart Sand (NASDAQ SND) opened at $7.89 on Wednesday. Smart Sand has a twelve month low of $4.81 and a twelve month high of $21.99. The firm has a market capitalization of $329.20 and a P/E ratio of 12.09.

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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