Smart Sand Inc (SND) Expected to Announce Quarterly Sales of $49.78 Million

Wall Street brokerages expect Smart Sand Inc (NASDAQ:SND) to announce sales of $49.78 million for the current quarter, according to Zacks. Five analysts have provided estimates for Smart Sand’s earnings, with the highest sales estimate coming in at $52.20 million and the lowest estimate coming in at $47.86 million. Smart Sand reported sales of $42.63 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.8%. The business is scheduled to report its next earnings results before the market opens on Tuesday, May 7th.

On average, analysts expect that Smart Sand will report full year sales of $233.78 million for the current fiscal year, with estimates ranging from $221.91 million to $253.90 million. For the next financial year, analysts expect that the firm will report sales of $256.19 million, with estimates ranging from $207.76 million to $321.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Smart Sand.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.20. The company had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $48.33 million. Smart Sand had a return on equity of 16.00% and a net margin of 8.80%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share.

Several analysts have recently weighed in on SND shares. Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Wednesday, January 2nd. B. Riley started coverage on Smart Sand in a report on Tuesday, March 19th. They set a “hold” rating and a $5.00 price target on the stock. Jefferies Financial Group restated a “sell” rating on shares of Smart Sand in a report on Tuesday, April 2nd. Finally, ValuEngine upgraded Smart Sand from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.91.

NASDAQ:SND opened at $4.10 on Friday. The stock has a market cap of $168.14 million, a PE ratio of 5.06 and a beta of 3.21. The company has a current ratio of 2.03, a quick ratio of 1.28 and a debt-to-equity ratio of 0.23. Smart Sand has a 1-year low of $1.92 and a 1-year high of $8.14.

Several institutional investors have recently bought and sold shares of the stock. Wall Street Access Asset Management LLC lifted its stake in shares of Smart Sand by 25.2% in the fourth quarter. Wall Street Access Asset Management LLC now owns 32,185 shares of the company’s stock worth $71,000 after acquiring an additional 6,485 shares during the period. Menta Capital LLC lifted its stake in shares of Smart Sand by 44.0% in the fourth quarter. Menta Capital LLC now owns 23,908 shares of the company’s stock worth $53,000 after acquiring an additional 7,300 shares during the period. Rhumbline Advisers lifted its stake in shares of Smart Sand by 35.8% in the fourth quarter. Rhumbline Advisers now owns 29,222 shares of the company’s stock worth $65,000 after acquiring an additional 7,700 shares during the period. Two Sigma Investments LP acquired a new position in shares of Smart Sand in the fourth quarter worth approximately $25,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Smart Sand in the fourth quarter worth approximately $26,000. 37.44% of the stock is currently owned by institutional investors.

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.

Featured Article: What Does a Sell-Side Analyst Rating Mean?

Get a free copy of the Zacks research report on Smart Sand (SND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Smart Sand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Sand and related companies with MarketBeat.com's FREE daily email newsletter.