B. Riley Weighs in on Smart Sand Inc’s Q3 2019 Earnings (NASDAQ:SND)
Smart Sand Inc (NASDAQ:SND) – B. Riley raised their Q3 2019 EPS estimates for Smart Sand in a report issued on Thursday, August 8th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $0.40 for the quarter, up from their prior estimate of $0.14. B. Riley has a “Buy” rating and a $5.00 price target on the stock. B. Riley also issued estimates for Smart Sand’s FY2019 earnings at $0.99 EPS, Q1 2020 earnings at $0.23 EPS, Q2 2020 earnings at $0.27 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $0.85 EPS and FY2021 earnings at $0.80 EPS.
Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. Smart Sand had a net margin of 11.06% and a return on equity of 18.46%. The business had revenue of $67.90 million for the quarter, compared to analyst estimates of $57.03 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis.
NASDAQ SND opened at $2.47 on Monday. Smart Sand has a 12 month low of $1.92 and a 12 month high of $5.91. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $102.06 million, a price-to-earnings ratio of 3.05 and a beta of 2.25. The company’s 50 day moving average is $2.35.
A number of institutional investors have recently bought and sold shares of SND. LSV Asset Management grew its position in Smart Sand by 426.7% in the second quarter. LSV Asset Management now owns 837,944 shares of the company’s stock worth $2,044,000 after buying an additional 678,844 shares during the last quarter. BlackRock Inc. grew its position in Smart Sand by 8.7% during the 2nd quarter. BlackRock Inc. now owns 1,586,643 shares of the company’s stock worth $3,871,000 after purchasing an additional 126,964 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Smart Sand during the 4th quarter worth approximately $177,000. Spark Investment Management LLC grew its position in Smart Sand by 53.9% during the 1st quarter. Spark Investment Management LLC now owns 185,000 shares of the company’s stock worth $823,000 after purchasing an additional 64,822 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Smart Sand by 42.6% during the 4th quarter. Bank of New York Mellon Corp now owns 191,189 shares of the company’s stock worth $424,000 after purchasing an additional 57,136 shares in the last quarter. Hedge funds and other institutional investors own 35.23% of the company’s stock.
In other Smart Sand news, CEO Charles Edwin Young purchased 17,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the chief executive officer now owns 267,401 shares in the company, valued at approximately $764,766.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 47.80% of the stock is owned by company insiders.
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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