Wall Street analysts expect that Smart Sand Inc (NASDAQ:SND) will announce sales of $62.89 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Smart Sand’s earnings, with the lowest sales estimate coming in at $56.62 million and the highest estimate coming in at $70.40 million. Smart Sand reported sales of $63.15 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The company is expected to announce its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Smart Sand will report full-year sales of $233.01 million for the current financial year, with estimates ranging from $218.83 million to $249.90 million. For the next year, analysts anticipate that the business will report sales of $248.95 million, with estimates ranging from $201.14 million to $304.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Smart Sand.

Smart Sand (NASDAQ:SND) last issued its earnings results on Wednesday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. The company had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $57.03 million. Smart Sand had a net margin of 11.06% and a return on equity of 18.46%. Smart Sand’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS.

SND has been the topic of a number of research reports. Piper Jaffray Companies set a $4.00 price target on shares of Smart Sand and gave the company a “hold” rating in a research note on Wednesday, May 8th. B. Riley upgraded shares of Smart Sand from a “neutral” rating to a “buy” rating and upped their price target for the company from $4.50 to $5.00 in a research note on Wednesday, July 17th. Finally, Evercore ISI set a $5.00 price target on shares of Smart Sand and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.91.

Shares of SND stock opened at $2.47 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a 50-day moving average price of $2.35. The company has a market cap of $102.06 million, a PE ratio of 3.05 and a beta of 2.25. Smart Sand has a 52-week low of $1.92 and a 52-week high of $5.91.

In other news, CEO Charles Edwin Young purchased 17,500 shares of Smart Sand stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the transaction, the chief executive officer now owns 267,401 shares of the company’s stock, valued at approximately $764,766.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 47.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. Group One Trading L.P. bought a new position in Smart Sand in the 1st quarter valued at approximately $28,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Smart Sand in the 2nd quarter valued at approximately $28,000. Two Sigma Investments LP bought a new position in Smart Sand in the 4th quarter valued at approximately $25,000. D. E. Shaw & Co. Inc. bought a new position in Smart Sand in the 4th quarter valued at approximately $26,000. Finally, Jane Street Group LLC bought a new position in Smart Sand in the 4th quarter valued at approximately $30,000. 35.23% of the stock is owned by institutional investors and hedge funds.

About Smart Sand

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.

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Earnings History and Estimates for Smart Sand (NASDAQ:SND)

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