Smart Sand Inc (SND) Expected to Post Quarterly Sales of $29.70 Million
Analysts expect Smart Sand Inc (NYSE:SND) to announce $29.70 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Smart Sand’s earnings. The lowest sales estimate is $27.60 million and the highest is $31.80 million. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 10th.
According to Zacks, analysts expect that Smart Sand will report full year sales of $29.70 million for the current year, with estimates ranging from $120.40 million to $133.50 million. For the next year, analysts expect that the firm will report sales of $224.10 million per share, with estimates ranging from $209.40 million to $238.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Smart Sand.
Smart Sand (NYSE:SND) last announced its earnings results on Thursday, May 11th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Smart Sand had a return on equity of 2.51% and a net margin of 3.87%. The business had revenue of $25 million for the quarter, compared to analyst estimates of $18.13 million. The business’s revenue for the quarter was up 140.4% compared to the same quarter last year.
A number of brokerages have commented on SND. Evercore ISI assumed coverage on shares of Smart Sand in a research note on Thursday, May 25th. They set an “in-line” rating and a $12.00 price target for the company. Simmons upped their target price on shares of Smart Sand from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 11th. Zacks Investment Research lowered shares of Smart Sand from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC set a $20.00 target price on shares of Smart Sand and gave the stock a “buy” rating in a research note on Sunday, May 14th. Finally, Janney Montgomery Scott assumed coverage on shares of Smart Sand in a research note on Thursday, June 15th. They issued a “buy” rating and a $13.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Smart Sand presently has a consensus rating of “Buy” and a consensus price target of $15.50.
Several hedge funds have recently bought and sold shares of SND. Credit Suisse AG raised its stake in Smart Sand by 6.6% in the first quarter. Credit Suisse AG now owns 16,728 shares of the company’s stock valued at $272,000 after buying an additional 1,038 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Smart Sand by 28.6% in the first quarter. Nationwide Fund Advisors now owns 7,190 shares of the company’s stock worth $117,000 after buying an additional 1,597 shares during the period. American International Group Inc. bought a new position in shares of Smart Sand during the first quarter worth $116,000. Winslow Evans & Crocker Inc. increased its position in shares of Smart Sand by 48.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 27,726 shares of the company’s stock worth $451,000 after buying an additional 9,100 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Smart Sand by 6.8% in the first quarter. Russell Investments Group Ltd. now owns 145,003 shares of the company’s stock worth $2,356,000 after buying an additional 9,243 shares during the period.
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Smart Sand (NYSE SND) opened at 7.42 on Friday. Smart Sand has a one year low of $7.40 and a one year high of $21.99. The firm has a market cap of $299.33 million and a PE ratio of 17.26. The company’s 50-day moving average is $9.78 and its 200 day moving average is $14.34.
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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