Equities research analysts expect Hi-Crush Partners LP (NYSE:HCLP) to report $172.83 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Hi-Crush Partners’ earnings, with the lowest sales estimate coming in at $165.37 million and the highest estimate coming in at $179.43 million. Hi-Crush Partners posted sales of $46.56 million in the same quarter last year, which suggests a positive year over year growth rate of 271.2%. The business is scheduled to report its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Hi-Crush Partners will report full year sales of $172.83 million for the current year, with estimates ranging from $583.11 million to $610.56 million. For the next year, analysts anticipate that the business will report sales of $833.99 million per share, with estimates ranging from $804.31 million to $881.06 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Hi-Crush Partners.

Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Hi-Crush Partners had a negative net margin of 2.53% and a negative return on equity of 1.58%. The firm had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $138.61 million. During the same quarter in the previous year, the company posted ($0.26) EPS. Hi-Crush Partners’s revenue was up 251.9% on a year-over-year basis.

HCLP has been the subject of several research reports. Jefferies Group LLC set a $15.00 price objective on shares of Hi-Crush Partners and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Credit Suisse Group AG dropped their price objective on shares of Hi-Crush Partners from $24.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, July 20th. ValuEngine downgraded shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, Johnson Rice initiated coverage on shares of Hi-Crush Partners in a research note on Friday, June 23rd. They issued an “accumulate” rating and a $17.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Hi-Crush Partners currently has an average rating of “Buy” and a consensus price target of $16.58.

TRADEMARK VIOLATION WARNING: “Hi-Crush Partners LP (HCLP) Expected to Post Quarterly Sales of $172.83 Million” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/06/hi-crush-partners-lp-hclp-expected-to-post-quarterly-sales-of-172-83-million.html.

Hi-Crush Partners (NYSE:HCLP) opened at 9.95 on Friday. The company’s market cap is $905.75 million. Hi-Crush Partners has a 52-week low of $7.25 and a 52-week high of $23.30. The company has a 50-day moving average of $8.77 and a 200 day moving average of $11.53.

Hedge funds have recently added to or reduced their stakes in the company. Strid Group LLC bought a new position in shares of Hi-Crush Partners during the second quarter valued at $109,000. S. Muoio & CO. LLC bought a new position in shares of Hi-Crush Partners during the second quarter valued at $111,000. Bank of New York Mellon Corp bought a new position in shares of Hi-Crush Partners during the first quarter valued at $209,000. NEXT Financial Group Inc raised its stake in shares of Hi-Crush Partners by 761.9% during the second quarter. NEXT Financial Group Inc now owns 13,575 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new position in shares of Hi-Crush Partners during the second quarter valued at $157,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

Hi-Crush Partners Company Profile

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.

Get a free copy of the Zacks research report on Hi-Crush Partners (HCLP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hi-Crush Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.