Zacks: Brokerages Anticipate Smart Sand Inc (SND) Will Post Earnings of $0.13 Per Share

Wall Street analysts expect Smart Sand Inc (NASDAQ:SND) to report earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Smart Sand’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.23. Smart Sand reported earnings of $0.02 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 550%. The firm is expected to report its next earnings results on Thursday, May 10th.

On average, analysts expect that Smart Sand will report full year earnings of $1.12 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.35. For the next fiscal year, analysts forecast that the company will post earnings of $1.28 per share, with EPS estimates ranging from $1.11 to $1.45. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Smart Sand.

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Smart Sand (NASDAQ:SND) last announced its quarterly earnings results on Thursday, March 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). Smart Sand had a return on equity of 7.37% and a net margin of 15.69%. The firm had revenue of $43.00 million during the quarter, compared to analysts’ expectations of $40.96 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 45.8% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on SND shares. Piper Jaffray set a $10.00 price target on shares of Smart Sand and gave the stock a “buy” rating in a report on Friday, March 16th. Deutsche Bank lowered their price target on shares of Smart Sand from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 19th. BidaskClub raised shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Seaport Global Securities began coverage on shares of Smart Sand in a report on Friday, December 8th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, TheStreet raised shares of Smart Sand from a “d” rating to a “c-” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.14.

A number of institutional investors and hedge funds have recently made changes to their positions in SND. Vanguard Group Inc. raised its stake in Smart Sand by 16.2% in the second quarter. Vanguard Group Inc. now owns 878,645 shares of the company’s stock valued at $7,829,000 after purchasing an additional 122,188 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Smart Sand by 22.1% in the second quarter. Parametric Portfolio Associates LLC now owns 32,621 shares of the company’s stock valued at $291,000 after purchasing an additional 5,901 shares in the last quarter. Royal Bank of Canada raised its stake in Smart Sand by 1,651.3% in the second 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 in the last quarter. State Street Corp raised its stake in Smart Sand by 37.6% in the second quarter. State Street Corp now owns 238,917 shares of the company’s stock valued at $2,130,000 after purchasing an additional 65,231 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Smart Sand by 62.6% in the second quarter. California State Teachers Retirement System now owns 38,700 shares of the company’s stock valued at $345,000 after purchasing an additional 14,900 shares in the last quarter. 51.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of SND stock traded down $0.18 during trading on Wednesday, hitting $5.56. 219,007 shares of the stock were exchanged, compared to its average volume of 852,468. Smart Sand has a 52-week low of $4.81 and a 52-week high of $16.81. The stock has a market capitalization of $235.03, a P/E ratio of 11.04 and a beta of 3.21.

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About Smart Sand

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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Earnings History and Estimates for Smart Sand (NASDAQ:SND)

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