Equities research analysts forecast that Smart Sand Inc (NASDAQ:SND) will report sales of $42.63 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Smart Sand’s earnings, with the lowest sales estimate coming in at $41.23 million and the highest estimate coming in at $44.60 million. Smart Sand posted sales of $29.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 44.8%. The business is expected to report its next earnings report on Thursday, March 15th.

On average, analysts expect that Smart Sand will report full year sales of $42.63 million for the current year, with estimates ranging from $135.41 million to $138.70 million. For the next financial year, analysts expect that the company will report sales of $237.81 million per share, with estimates ranging from $213.73 million to $251.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Smart Sand.

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

A number of equities analysts have issued reports on SND shares. Deutsche Bank started coverage on shares of Smart Sand in a research report on Tuesday, October 10th. They set a “buy” rating and a $9.00 target price for the company. Zacks Investment Research cut shares of Smart Sand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies restated an “overweight” rating and set a $8.15 target price (up previously from $7.75) on shares of Smart Sand in a research report on Friday, October 13th. BidaskClub cut shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Credit Suisse Group boosted their price objective on shares of Smart Sand from $5.50 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Smart Sand has an average rating of “Buy” and an average price target of $12.80.

Shares of Smart Sand (NASDAQ:SND) traded down $0.70 on Wednesday, reaching $8.77. 1,000,000 shares of the company’s stock were exchanged, compared to its average volume of 685,380. The firm has a market capitalization of $328.06 and a PE ratio of 13.29. Smart Sand has a one year low of $4.81 and a one year high of $21.99.

Several large investors have recently bought and sold shares of SND. Schwab Charles Investment Management Inc. raised its position in shares of Smart Sand by 49.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,278 shares of the company’s stock valued at $671,000 after buying an additional 24,742 shares during the last quarter. Rhumbline Advisers raised its position in shares of Smart Sand by 103.1% in the second quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock valued at $196,000 after buying an additional 11,157 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Smart Sand by 27.0% in the second quarter. Wells Fargo & Company MN now owns 123,426 shares of the company’s stock valued at $1,099,000 after buying an additional 26,267 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Smart Sand by 83.5% in the second quarter. Alliancebernstein L.P. now owns 24,400 shares of the company’s stock valued at $217,000 after buying an additional 11,100 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Smart Sand by 93.5% in the second quarter. Teachers Advisors LLC now owns 38,146 shares of the company’s stock valued at $340,000 after buying an additional 18,431 shares during the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

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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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