Brokerages forecast that Smart Sand Inc (NASDAQ:SND) will post $42.64 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Smart Sand’s earnings, with estimates ranging from $41.23 million to $44.60 million. Smart Sand posted sales of $29.45 million during the same quarter last year, which suggests a positive year over year growth rate of 44.8%. The company is expected to report its next earnings report on Thursday, March 15th.

On average, analysts expect that Smart Sand will report full-year sales of $42.64 million for the current financial year, with estimates ranging from $135.41 million to $138.70 million. For the next fiscal year, analysts expect that the firm will report sales of $232.31 million per share, with estimates ranging from $213.73 million to $245.10 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Smart Sand.

Smart Sand (NASDAQ:SND) last posted its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Smart Sand had a net margin of 18.67% and a return on equity of 14.41%. The business had revenue of $39.33 million for the quarter, compared to analysts’ expectations of $33.60 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 259.8% compared to the same quarter last year.

Several analysts have issued reports on the stock. BidaskClub upgraded shares of Smart Sand from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Deutsche Bank began coverage on shares of Smart Sand in a research note on Tuesday, October 10th. They issued a “buy” rating and a $9.00 target price on the stock. Seaport Global Securities began coverage on shares of Smart Sand in a report on Friday. They issued a “buy” rating and a $15.00 price target 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. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $8.15 price target (up previously from $7.75) on shares of Smart Sand in a report on Friday, October 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Smart Sand has an average rating of “Buy” and an average price target of $13.00.

Several large investors have recently modified their holdings of SND. Royal Bank of Canada grew its holdings in shares of Smart Sand by 1,651.3% during the 2nd quarter. Royal Bank of Canada now owns 11,436 shares of the company’s stock valued at $101,000 after purchasing an additional 10,783 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Smart Sand during the 3rd quarter valued at $128,000. Wall Street Access Asset Management LLC grew its holdings in shares of Smart Sand by 19.6% during the 2nd quarter. Wall Street Access Asset Management LLC now owns 16,510 shares of the company’s stock valued at $147,000 after purchasing an additional 2,705 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Smart Sand during the 1st quarter valued at $156,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Smart Sand during the 3rd quarter valued at $175,000. 49.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Smart Sand (SND) opened at $8.37 on Monday. Smart Sand has a 52 week low of $4.81 and a 52 week high of $21.99. The stock has a market cap of $338.09 and a P/E ratio of 12.49.

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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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