Smart Sand (SND) Expected to Post Earnings of $0.08 Per Share

Wall Street brokerages forecast that Smart Sand (NASDAQ:SND) will report earnings per share of $0.08 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Smart Sand’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.06. Smart Sand posted earnings per share of $0.02 in the same quarter last year, which would indicate a positive year over year growth rate of 300%. The company is scheduled to report its next quarterly earnings report on Thursday, May 10th.

According to Zacks, analysts expect that Smart Sand will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.20. For the next financial year, analysts forecast that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.31. Zacks’ EPS calculations are an average based on a survey of research firms that follow Smart Sand.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data 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). The firm had revenue of $43.00 million for the quarter, compared to analysts’ expectations of $40.96 million. Smart Sand had a net margin of 15.69% and a return on equity of 7.37%. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS.

SND has been the topic of a number of analyst reports. Janney Montgomery Scott lowered shares of Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Tuesday, January 2nd. TheStreet upgraded shares of Smart Sand from a “d” rating to a “c-” rating in a research note on Tuesday, January 2nd. BidaskClub lowered shares of Smart Sand from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Piper Jaffray set a $12.00 price target on shares of Smart Sand and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Seaport Global Securities restated a “buy” rating and issued a $12.00 price target on shares of Smart Sand in a research note on Monday, March 19th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Smart Sand currently has an average rating of “Hold” and a consensus target price of $9.78.

Shares of SND traded up $0.10 during mid-day trading on Tuesday, reaching $6.57. 487,340 shares of the stock traded hands, compared to its average volume of 842,557. The firm has a market capitalization of $272.70, a P/E ratio of 20.53 and a beta of 3.47. Smart Sand has a 12-month low of $4.81 and a 12-month high of $13.70.

Large investors have recently modified their holdings of the stock. Clearbridge LLC increased its stake in shares of Smart Sand by 10.0% in the fourth quarter. Clearbridge LLC now owns 2,534,092 shares of the company’s stock worth $21,945,000 after buying an additional 230,600 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Smart Sand by 17.4% in the third quarter. Bank of New York Mellon Corp now owns 90,539 shares of the company’s stock worth $614,000 after buying an additional 13,406 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Smart Sand by 215.2% in the third quarter. Wells Fargo & Company MN now owns 389,083 shares of the company’s stock worth $2,638,000 after purchasing an additional 265,657 shares during the period. Thomson Horstmann & Bryant Inc. boosted its holdings in Smart Sand by 13.4% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 785,589 shares of the company’s stock worth $6,803,000 after purchasing an additional 92,583 shares during the period. Finally, Globeflex Capital L P acquired a new position in Smart Sand in the fourth quarter worth $149,000. Institutional investors and hedge funds own 50.84% of the company’s stock.

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About Smart Sand

Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.

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

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