Brokerages expect that Smart Sand (NASDAQ:SND) will announce earnings of $0.08 per share for the current quarter, Zacks reports. Four analysts have made estimates for Smart Sand’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.06. Smart Sand reported earnings of $0.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 300%. The business is expected to report its next quarterly earnings results on Thursday, May 10th.

On average, analysts expect that Smart Sand will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.93 to $1.20. For the next year, analysts forecast that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.31. Zacks’ EPS averages are an average based on a survey of research analysts that cover Smart Sand.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, March 15th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). Smart Sand had a return on equity of 7.37% and a net margin of 15.69%. The firm had revenue of $43.00 million for the quarter, compared to analyst estimates of $40.96 million. During the same period last year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year.

A number of research analysts recently weighed in on the company. BidaskClub raised Smart Sand from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Piper Jaffray set a $12.00 price target on Smart Sand and gave the stock a “buy” rating in a research note on Wednesday, January 10th. TheStreet raised Smart Sand from a “d” rating to a “c-” rating in a research note on Tuesday, January 2nd. Janney Montgomery Scott downgraded Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded Smart Sand from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.78.

SND stock traded up $0.10 during trading on Tuesday, reaching $6.57. 487,340 shares of the stock were exchanged, compared to its average volume of 842,557. Smart Sand has a twelve month low of $4.81 and a twelve month high of $13.70. The company has a market cap of $272.70, a P/E ratio of 20.53 and a beta of 3.47.

Institutional investors have recently modified their holdings of the company. Fidelity National Financial Inc. bought a new position in shares of Smart Sand in the fourth quarter valued at approximately $123,000. Macquarie Group Ltd. bought a new position in shares of Smart Sand in the fourth quarter valued at approximately $128,000. SG Americas Securities LLC bought a new position in shares of Smart Sand in the third quarter valued at approximately $128,000. Stone Ridge Asset Management LLC bought a new position in shares of Smart Sand in the fourth quarter valued at approximately $144,000. Finally, Globeflex Capital L P bought a new position in shares of Smart Sand in the fourth quarter valued at approximately $149,000. 50.84% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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