Equities analysts expect Hi-Crush Partners LP (NYSE:HCLP) to post $140.07 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hi-Crush Partners’ earnings, with the highest sales estimate coming in at $143.88 million and the lowest estimate coming in at $133.40 million. Hi-Crush Partners posted sales of $38.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 264.5%. The business is scheduled to report its next earnings results after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Hi-Crush Partners will report full year sales of $140.07 million for the current financial year, with estimates ranging from $566.90 million to $642.91 million. For the next financial year, analysts expect that the company will post sales of $927.52 million per share, with estimates ranging from $822.30 million to $1.13 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last issued its earnings results on Monday, May 1st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $83.40 million during the quarter, compared to analyst estimates of $84.31 million. Hi-Crush Partners had a negative net margin of 8.19% and a negative return on equity of 4.15%. The business’s revenue for the quarter was up 60.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.48) EPS.

A number of research analysts recently issued reports on the stock. Credit Suisse Group AG lowered their target price on shares of Hi-Crush Partners from $24.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday. Zacks Investment Research lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Johnson Rice began coverage on shares of Hi-Crush Partners in a research report on Friday, June 23rd. They issued an “accumulate” rating and a $17.00 price target on the stock. ValuEngine lowered shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $30.00 price target on shares of Hi-Crush Partners in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.36.

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Shares of Hi-Crush Partners (NYSE HCLP) opened at 9.30 on Friday. The firm’s market cap is $846.46 million. The stock has a 50 day moving average of $10.81 and a 200-day moving average of $15.50. Hi-Crush Partners has a 52 week low of $9.00 and a 52 week high of $23.30.

Several institutional investors have recently added to or reduced their stakes in HCLP. Goldman Sachs Group Inc. increased its position in Hi-Crush Partners by 86.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,371,553 shares of the basic materials company’s stock worth $75,847,000 after buying an additional 2,027,256 shares during the last quarter. Morgan Stanley increased its position in Hi-Crush Partners by 19.5% in the first quarter. Morgan Stanley now owns 10,011,999 shares of the basic materials company’s stock worth $173,709,000 after buying an additional 1,633,971 shares during the last quarter. Sprott Inc. acquired a new position in Hi-Crush Partners during the first quarter worth approximately $18,218,000. Kayne Anderson Capital Advisors LP acquired a new position in Hi-Crush Partners during the first quarter worth approximately $14,830,000. Finally, Bronson Point Management LLC acquired a new position in Hi-Crush Partners during the first quarter worth approximately $13,880,000. 65.47% of the stock is owned by institutional investors.

About Hi-Crush Partners

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

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