Smart Sand (NASDAQ:SND) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Smart Sand (NASDAQ:SND) posted its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11, FiscalAI reports. Smart Sand had a negative return on equity of 8.83% and a net margin of 0.26%.The business had revenue of $0.09 million for the quarter, compared to analyst estimates of $60.00 million.

Smart Sand Price Performance

Shares of Smart Sand stock opened at $2.31 on Thursday. The business has a 50 day moving average of $2.10 and a 200 day moving average of $2.02. Smart Sand has a 52 week low of $1.76 and a 52 week high of $2.77. The company has a market cap of $100.62 million, a PE ratio of 231.00 and a beta of 0.77. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 0.07.

Insider Transactions at Smart Sand

In related news, CEO Charles Edwin Young acquired 20,000 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was acquired at an average cost of $1.91 per share, for a total transaction of $38,200.00. Following the acquisition, the chief executive officer owned 1,477,628 shares of the company’s stock, valued at $2,822,269.48. This trade represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have acquired 39,031 shares of company stock worth $74,421. 34.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Smart Sand

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in Smart Sand in the first quarter worth about $26,000. Acadian Asset Management LLC grew its holdings in shares of Smart Sand by 16.0% during the 1st quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock worth $2,132,000 after acquiring an additional 113,612 shares during the period. Everstar Asset Management LLC purchased a new position in shares of Smart Sand during the 1st quarter worth approximately $141,000. Arrowstreet Capital Limited Partnership raised its position in shares of Smart Sand by 19.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company’s stock worth $773,000 after acquiring an additional 61,473 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Smart Sand by 7.0% in the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock valued at $418,000 after purchasing an additional 10,588 shares during the period. Institutional investors own 35.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Smart Sand in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Smart Sand presently has an average rating of “Sell”.

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.