Smart Sand (SND) Set to Announce Quarterly Earnings on Wednesday

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Smart Sand (NASDAQ:SND) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Smart Sand (NASDAQ:SND) last issued its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $51.78 million for the quarter, compared to the consensus estimate of $49.53 million. Smart Sand had a return on equity of 17.03% and a net margin of 9.81%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $0.02 EPS. On average, analysts expect Smart Sand to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of SND opened at $2.16 on Tuesday. The company’s 50 day simple moving average is $2.42. The company has a market cap of $92.18 million, a P/E ratio of 2.67 and a beta of 2.25. Smart Sand has a 12-month low of $1.92 and a 12-month high of $6.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.47 and a quick ratio of 1.12.

SND has been the topic of several recent analyst reports. Piper Jaffray Companies set a $4.00 target price on Smart Sand and gave the company a “hold” rating in a research note on Wednesday, May 8th. B. Riley raised Smart Sand from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.50 to $5.00 in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.75.

In other news, CEO Charles Edwin Young purchased 17,500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the acquisition, the chief executive officer now directly owns 267,401 shares of the company’s stock, valued at approximately $764,766.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 47.80% of the company’s stock.

Smart Sand Company Profile

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 for Smart Sand (NASDAQ:SND)

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