$33.18 Million in Sales Expected for Solaris Oilfield Infra (SOI) This Quarter

Wall Street brokerages predict that Solaris Oilfield Infra (NYSE:SOI) will announce sales of $33.18 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Solaris Oilfield Infra’s earnings. The lowest sales estimate is $32.60 million and the highest is $33.61 million. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Solaris Oilfield Infra will report full-year sales of $185.88 million for the current fiscal year, with estimates ranging from $180.00 million to $192.36 million. For the next financial year, analysts expect that the company will post sales of $276.50 million per share, with estimates ranging from $262.00 million to $285.76 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Solaris Oilfield Infra.

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Solaris Oilfield Infra (NYSE:SOI) last announced its quarterly earnings results on Tuesday, March 6th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $25.20 million during the quarter, compared to the consensus estimate of $24.22 million. Solaris Oilfield Infra had a net margin of 12.50% and a return on equity of 11.07%. The firm’s revenue was up 245.8% on a year-over-year basis.

SOI has been the subject of a number of recent analyst reports. Piper Jaffray set a $24.00 price target on Solaris Oilfield Infra and gave the company a “buy” rating in a research note on Monday, December 25th. Imperial Capital reiterated an “outperform” rating and issued a $26.00 price objective on shares of Solaris Oilfield Infra in a research report on Wednesday, January 24th. Zacks Investment Research upgraded Solaris Oilfield Infra from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, January 11th. Finally, Citigroup boosted their price objective on Solaris Oilfield Infra to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $19.79.

Institutional investors and hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY acquired a new position in shares of Solaris Oilfield Infra in the 4th quarter valued at approximately $143,000. MetLife Investment Advisors LLC acquired a new position in shares of Solaris Oilfield Infra in the 4th quarter valued at approximately $205,000. California State Teachers Retirement System acquired a new position in shares of Solaris Oilfield Infra in the 2nd quarter valued at approximately $206,000. American International Group Inc. boosted its position in Solaris Oilfield Infra by 73.6% during the 4th quarter. American International Group Inc. now owns 11,776 shares of the company’s stock worth $252,000 after acquiring an additional 4,994 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in Solaris Oilfield Infra during the 4th quarter worth approximately $253,000. Institutional investors and hedge funds own 64.50% of the company’s stock.

Shares of SOI stock opened at $18.00 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.27 and a quick ratio of 3.90. The stock has a market capitalization of $838.66 and a PE ratio of 37.50. Solaris Oilfield Infra has a one year low of $9.90 and a one year high of $23.98.

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About Solaris Oilfield Infra

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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Earnings History and Estimates for Solaris Oilfield Infra (NYSE:SOI)

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