Smart Sand (NASDAQ:SND) Board of Directors Announces Share Repurchase Plan

Smart Sand (NASDAQ:SND) announced that its board has approved a stock repurchase program on Thursday, February 26th, RTT News reports. The company plans to buyback $20.00 million in shares. This buyback authorization allows the company to reacquire up to 8.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

Smart Sand Trading Up 2.2%

Shares of SND opened at $5.19 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. The business has a 50-day moving average of $4.47 and a 200 day moving average of $3.14. The firm has a market cap of $225.97 million, a P/E ratio of 173.00 and a beta of 0.39. Smart Sand has a fifty-two week low of $1.76 and a fifty-two week high of $5.59.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.06. Smart Sand had a net margin of 0.41% and a negative return on equity of 8.73%. The business had revenue of $86.05 million for the quarter, compared to analyst estimates of $60.00 million. As a group, research analysts forecast that Smart Sand will post 0.07 EPS for the current year.

About Smart Sand

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.