Zacks: Analysts Expect Smart Sand Inc (SND) Will Post Earnings of $0.10 Per Share
Equities research analysts predict that Smart Sand Inc (NYSE:SND) will report earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Smart Sand’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.11. The business is scheduled to announce its next earnings report on Thursday, December 21st.
According to Zacks, analysts expect that Smart Sand will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.33. For the next year, analysts expect that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.77 to $1.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Smart Sand.
Smart Sand (NYSE:SND) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $29.79 million during the quarter, compared to analyst estimates of $29.88 million. Smart Sand had a net margin of 8.81% and a return on equity of 6.22%. The company’s revenue for the quarter was up 250.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) EPS.
Several research firms recently commented on SND. Janney Montgomery Scott began coverage on shares of Smart Sand in a report on Thursday, June 15th. They issued a “buy” rating and a $13.00 price target on the stock. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price target (down previously from $20.00) on shares of Smart Sand in a report on Monday, June 26th. Credit Suisse Group lowered shares of Smart Sand from an “outperform” rating to a “neutral” rating and cut their price target for the company from $20.00 to $8.50 in a report on Thursday, July 20th. BidaskClub upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded shares of Smart Sand from a “buy” rating to a “sell” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.64.
Shares of Smart Sand (SND) traded down 4.14% on Friday, hitting $6.94. 475,788 shares of the company were exchanged. The firm has a market cap of $280.18 million and a P/E ratio of 14.61. The company has a 50-day moving average price of $6.84 and a 200 day moving average price of $6.84. Smart Sand has a 52-week low of $4.81 and a 52-week high of $21.99.
In other news, VP Robert Kiszka acquired 10,000 shares of the stock in a transaction on Friday, August 25th. The stock was bought at an average price of $5.53 per share, with a total value of $55,300.00. Following the completion of the transaction, the vice president now directly owns 110,629 shares of the company’s stock, valued at $611,778.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Edwin Young acquired 100,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of $5.18 per share, with a total value of $518,000.00. Following the transaction, the chief executive officer now directly owns 140,600 shares of the company’s stock, valued at $728,308. The disclosure for this purchase can be found here. Insiders acquired 132,000 shares of company stock valued at $685,960 in the last ninety days.
A number of large investors have recently modified their holdings of the business. Energy Opportunities Capital Management LLC acquired a new stake in Smart Sand in the second quarter valued at approximately $661,000. California State Teachers Retirement System grew its position in Smart Sand by 62.6% in the second quarter. California State Teachers Retirement System now owns 38,700 shares of the company’s stock valued at $345,000 after acquiring an additional 14,900 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Smart Sand by 1,138.0% in the second quarter. The Manufacturers Life Insurance Company now owns 125,432 shares of the company’s stock valued at $1,118,000 after acquiring an additional 115,300 shares in the last quarter. State Street Corp grew its position in shares of Smart Sand by 37.6% during the second quarter. State Street Corp now owns 238,917 shares of the company’s stock worth $2,130,000 after buying an additional 65,231 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Smart Sand by 1,651.3% during the second quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock worth $101,000 after buying an additional 10,783 shares in the last quarter.
About Smart Sand
Smart Sand, Inc is a producer of Northern White raw frac sand, which is a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company sells its products primarily to oil and natural gas exploration and production companies and oilfield service companies under a combination of long-term take-or-pay contracts and spot sales in the open market.
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