Wall Street brokerages predict that Smart Sand Inc (NASDAQ:SND) will post earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Smart Sand’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.17). 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 126.2%. The firm is scheduled to issue its next earnings results on Wednesday, November 4th.
On average, analysts expect that Smart Sand will report full-year earnings of ($0.02) per share for the current financial year, with EPS estimates ranging from ($0.15) to $0.11. For the next financial year, analysts expect that the firm will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.25) to $0.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Smart Sand.
Smart Sand (NASDAQ:SND) last released its earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Smart Sand had a return on equity of 12.12% and a net margin of 9.56%.
Several brokerages have issued reports on SND. B. Riley reiterated a “buy” rating on shares of Smart Sand in a report on Thursday, August 6th. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, ValuEngine upgraded Smart Sand from a “sell” rating to a “hold” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $1.96.
NASDAQ:SND traded up $0.04 on Tuesday, hitting $1.27. The stock had a trading volume of 110,070 shares, compared to its average volume of 243,539. The business’s fifty day moving average is $1.30 and its 200 day moving average is $1.13. The company has a market cap of $53.37 million, a PE ratio of 2.82 and a beta of 1.84. The company has a quick ratio of 2.32, a current ratio of 2.93 and a debt-to-equity ratio of 0.17. Smart Sand has a 52 week low of $0.55 and a 52 week high of $3.31.
Several hedge funds have recently bought and sold shares of SND. Wells Fargo & Company MN lifted its holdings in Smart Sand by 265.7% during the first quarter. Wells Fargo & Company MN now owns 39,635 shares of the company’s stock worth $42,000 after acquiring an additional 28,796 shares during the period. UBS Group AG grew its position in shares of Smart Sand by 61.2% in the fourth quarter. UBS Group AG now owns 26,786 shares of the company’s stock valued at $68,000 after purchasing an additional 10,168 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Smart Sand in the second quarter valued at $99,000. Nuveen Asset Management LLC grew its position in shares of Smart Sand by 65.8% in the first quarter. Nuveen Asset Management LLC now owns 105,569 shares of the company’s stock valued at $110,000 after purchasing an additional 41,901 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Smart Sand by 44.7% in the first quarter. Invesco Ltd. now owns 119,872 shares of the company’s stock valued at $125,000 after purchasing an additional 37,041 shares in the last quarter. Institutional investors own 19.37% of the company’s stock.
Smart Sand Company Profile
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.
Featured Story: QQQ ETF
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Smart Sand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Sand and related companies with MarketBeat.com's FREE daily email newsletter.