Analysts predict that Smart Sand Inc (NASDAQ:SND) will post $42.63 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Smart Sand’s earnings. The lowest sales estimate is $41.23 million and the highest is $44.60 million. Smart Sand posted sales of $29.45 million in the same quarter last year, which indicates a positive year-over-year growth rate of 44.8%. The business is expected to report its next earnings results on Thursday, March 15th.

On average, analysts expect that Smart Sand will report full-year sales of $42.63 million for the current fiscal year, with estimates ranging from $135.41 million to $138.70 million. For the next year, analysts forecast that the business will report sales of $237.81 million per share, with estimates ranging from $213.73 million to $251.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Smart Sand.

Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The business had revenue of $39.33 million during the quarter, compared to analyst estimates of $33.60 million. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. Smart Sand’s quarterly revenue was up 259.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS.

A number of research firms have issued reports on SND. Deutsche Bank began coverage on shares of Smart Sand in a report on Tuesday, October 10th. They set a “buy” rating and a $9.00 price objective on the stock. Zacks Investment Research raised shares of Smart Sand from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. TheStreet raised shares of Smart Sand from a “d” rating to a “c-” rating in a report on Tuesday, January 2nd. Piper Jaffray Companies set a $12.00 price objective on shares of Smart Sand and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, BidaskClub raised shares of Smart Sand from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Smart Sand has an average rating of “Buy” and an average price target of $12.80.

Shares of Smart Sand (NASDAQ SND) opened at $9.31 on Wednesday. The company has a market cap of $376.06 and a price-to-earnings ratio of 14.11. Smart Sand has a one year low of $4.81 and a one year high of $21.99.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of Smart Sand by 49.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 75,278 shares of the company’s stock worth $671,000 after buying an additional 24,742 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Smart Sand by 103.1% in the 2nd quarter. Rhumbline Advisers now owns 21,979 shares of the company’s stock worth $196,000 after buying an additional 11,157 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Smart Sand by 27.0% in the 2nd quarter. Wells Fargo & Company MN now owns 123,426 shares of the company’s stock worth $1,099,000 after buying an additional 26,267 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Smart Sand by 83.5% in the 2nd quarter. Alliancebernstein L.P. now owns 24,400 shares of the company’s stock worth $217,000 after buying an additional 11,100 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Smart Sand by 93.5% in the 2nd quarter. Teachers Advisors LLC now owns 38,146 shares of the company’s stock worth $340,000 after buying an additional 18,431 shares during the last quarter. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

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Smart Sand Company Profile

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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