Zacks: Brokerages Anticipate Solaris Oilfield Infrastructure Inc (SOI) Will Post Quarterly Sales of $32.66 Million
Analysts predict that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will report $32.66 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings, with the lowest sales estimate coming in at $31.45 million and the highest estimate coming in at $33.30 million. The company is scheduled to report its next quarterly earnings results on Tuesday, June 5th.
According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full year sales of $32.66 million for the current fiscal year, with estimates ranging from $166.92 million to $190.03 million. For the next financial year, analysts forecast that the firm will post sales of $263.73 million per share, with estimates ranging from $233.18 million to $281.54 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last released its quarterly earnings results on Tuesday, March 6th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $25.20 million during the quarter, compared to analysts’ expectations of $24.22 million. Solaris Oilfield Infrastructure had a net margin of 12.50% and a return on equity of 11.07%. Solaris Oilfield Infrastructure’s quarterly revenue was up 245.8% on a year-over-year basis.
Shares of Solaris Oilfield Infrastructure (SOI) opened at $16.51 on Wednesday. The company has a market capitalization of $770.72 and a price-to-earnings ratio of 11.01. Solaris Oilfield Infrastructure has a 12-month low of $9.90 and a 12-month high of $23.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.27 and a quick ratio of 3.90.
In other news, Director W Howard Keenan, Jr. sold 1,408,388 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total transaction of $30,491,600.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kyle S. Ramachandran sold 62,937 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total value of $1,362,586.05. The disclosure for this sale can be found here. Insiders sold a total of 2,059,988 shares of company stock valued at $44,598,740 in the last 90 days.
Several hedge funds have recently bought and sold shares of the company. American International Group Inc. grew its stake in shares of Solaris Oilfield Infrastructure by 73.6% during the 4th quarter. American International Group Inc. now owns 11,776 shares of the company’s stock worth $252,000 after acquiring an additional 4,994 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Solaris Oilfield Infrastructure by 54.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,613 shares of the company’s stock worth $312,000 after acquiring an additional 5,128 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of Solaris Oilfield Infrastructure during the 4th quarter worth $143,000. ClariVest Asset Management LLC bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth $146,000. Finally, Sei Investments Co. bought a new position in shares of Solaris Oilfield Infrastructure during the 3rd quarter worth $152,000. Institutional investors own 68.00% of the company’s stock.
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Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.
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