Smart Sand (NASDAQ:SND) Releases Earnings Results, Beats Estimates By $0.34 EPS

Smart Sand (NASDAQ:SND) announced its earnings results on Tuesday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.34, Zacks reports. Smart Sand had a return on equity of 6.67% and a net margin of 3.90%. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $29.57 million.

Smart Sand Stock Performance

Shares of SND stock traded down $0.01 on Thursday, reaching $4.48. The stock had a trading volume of 44,171 shares, compared to its average volume of 340,535. The company has a 50 day simple moving average of $5.01 and a 200 day simple moving average of $4.87. The stock has a market cap of $189.82 million, a P/E ratio of 11.79 and a beta of 0.43. Smart Sand has a 1 year low of $2.40 and a 1 year high of $5.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69.

Smart Sand Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 18th.

Wall Street Analyst Weigh In

A number of brokerages have commented on SND. Weiss Ratings raised Smart Sand from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. Wall Street Zen upgraded Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, Smart Sand presently has an average rating of “Buy”.

Insiders Place Their Bets

In other news, insider James Young sold 11,669 shares of Smart Sand stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96. Following the completion of the sale, the insider directly owned 344,958 shares in the company, valued at approximately $1,669,596.72. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lee E. Beckelman sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $4.79, for a total transaction of $239,500.00. Following the transaction, the chief financial officer directly owned 721,845 shares in the company, valued at $3,457,637.55. This trade represents a 6.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,844 shares of company stock worth $446,544 in the last 90 days. 33.50% of the stock is currently owned by corporate insiders.

About Smart Sand

Smart Sand, Inc. is a proppant and logistics company that supplies high-quality frac sand to the North American oil and natural gas industry. Its products are used in hydraulic fracturing to keep underground fractures open, helping producers access hydrocarbons from shale and other unconventional formations. The company produces Northern White sand from its mining and processing operations in Wisconsin. Its offerings include various grades and sizes of frac sand, along with related storage, handling, transportation and delivery services.