Smart Sand (NASDAQ:SND) Releases Earnings Results, Beats Expectations By $0.06 EPS

Smart Sand (NASDAQ:SND) issued its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06, FiscalAI reports. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.73%. The company had revenue of $86.05 million during the quarter, compared to analyst estimates of $60.00 million.

Smart Sand Price Performance

Shares of Smart Sand stock traded up $0.11 during trading on Friday, reaching $5.19. The company’s stock had a trading volume of 700,109 shares, compared to its average volume of 382,192. The stock has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $3.14. The stock has a market capitalization of $225.97 million, a P/E ratio of 173.00 and a beta of 0.39. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. Smart Sand has a one year low of $1.76 and a one year high of $5.59.

Smart Sand announced that its Board of Directors has authorized a stock buyback program on Thursday, February 26th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 8.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Smart Sand

Several large investors have recently made changes to their positions in SND. Goldman Sachs Group Inc. acquired a new stake in shares of Smart Sand during the 1st quarter worth approximately $26,000. Squarepoint Ops LLC acquired a new stake in Smart Sand during the 4th quarter worth $57,000. Balyasny Asset Management L.P. acquired a new stake in Smart Sand during the 4th quarter worth $59,000. LPL Financial LLC raised its position in shares of Smart Sand by 36.7% during the 4th quarter. LPL Financial LLC now owns 14,900 shares of the company’s stock valued at $60,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Smart Sand in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 35.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Smart Sand Company Profile

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.