Wall Street brokerages expect that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will post $32.66 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings. The highest sales estimate is $33.30 million and the lowest is $31.45 million. The firm is expected to issue its next earnings results on Tuesday, June 5th.
According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full year sales of $32.66 million for the current year, with estimates ranging from $166.92 million to $190.03 million. For the next fiscal year, analysts forecast that the business will post sales of $263.73 million per share, with estimates ranging from $233.18 million to $281.54 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Tuesday, March 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). The business had revenue of $25.20 million for the quarter, compared to analysts’ expectations of $24.22 million. Solaris Oilfield Infrastructure had a net margin of 12.50% and a return on equity of 11.07%. Solaris Oilfield Infrastructure’s revenue for the quarter was up 245.8% compared to the same quarter last year.
In other Solaris Oilfield Infrastructure news, insider Cynthia M. Durrett sold 21,219 shares of Solaris Oilfield Infrastructure stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $21.65, for a total value of $459,391.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 1,408,388 shares of Solaris Oilfield Infrastructure stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $21.65, for a total transaction of $30,491,600.20. The disclosure for this sale can be found here. Insiders sold 2,059,988 shares of company stock worth $44,598,740 over the last ninety days.
Several large investors have recently bought and sold shares of the company. American International Group Inc. lifted its stake in shares of Solaris Oilfield Infrastructure by 73.6% during the fourth quarter. American International Group Inc. now owns 11,776 shares of the company’s stock worth $252,000 after buying an additional 4,994 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Solaris Oilfield Infrastructure by 54.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,613 shares of the company’s stock worth $312,000 after buying an additional 5,128 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Solaris Oilfield Infrastructure during the fourth quarter worth $143,000. ClariVest Asset Management LLC acquired a new stake in shares of Solaris Oilfield Infrastructure during the third quarter worth $146,000. Finally, Sei Investments Co. acquired a new stake in shares of Solaris Oilfield Infrastructure during the third quarter worth $152,000. Institutional investors and hedge funds own 68.00% of the company’s stock.
Solaris Oilfield Infrastructure (SOI) opened at $16.51 on Wednesday. The stock has a market cap of $770.72 and a P/E ratio of 11.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.90 and a current ratio of 4.27. Solaris Oilfield Infrastructure has a 1-year low of $9.90 and a 1-year high of $23.98.
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Solaris Oilfield Infrastructure Company Profile
Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.
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