Brokerages Expect Smart Sand (SND) Will Post Quarterly Sales of $46.46 Million

Equities analysts predict that Smart Sand (NASDAQ:SND) will post $46.46 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Smart Sand’s earnings, with the lowest sales estimate coming in at $45.48 million and the highest estimate coming in at $47.90 million. Smart Sand reported sales of $25.06 million in the same quarter last year, which would suggest a positive year over year growth rate of 85.4%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Smart Sand will report full-year sales of $242.63 million for the current financial year, with estimates ranging from $229.22 million to $249.00 million. For the next financial year, analysts forecast that the firm will post sales of $279.18 million per share, with estimates ranging from $267.12 million to $291.80 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Smart Sand.

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Smart Sand (NASDAQ:SND) last issued 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 quarter in the prior year, the firm earned $0.40 EPS. The firm’s revenue was up 45.8% compared to the same quarter last year.

SND has been the subject of several recent analyst reports. Janney Montgomery Scott downgraded shares of Smart Sand from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Tuesday, January 2nd. TheStreet upgraded shares of Smart Sand from a “d” rating to a “c-” rating in a research report on Tuesday, January 2nd. Piper Jaffray set a $12.00 price objective on shares of Smart Sand and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Smart Sand from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research downgraded shares of Smart Sand from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Smart Sand presently has an average rating of “Hold” and a consensus target price of $9.78.

Smart Sand stock traded down $0.48 during trading on Monday, reaching $6.29. The stock had a trading volume of 1,083,811 shares, compared to its average volume of 855,336. Smart Sand has a 52-week low of $4.81 and a 52-week high of $14.32. The company has a market capitalization of $277.20, a P/E ratio of 19.66 and a beta of 3.47.

Several large investors have recently modified their holdings of SND. Russell Investments Group Ltd. increased its holdings in shares of Smart Sand by 237.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 847,723 shares of the company’s stock valued at $5,746,000 after acquiring an additional 596,398 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Smart Sand by 14.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,667,721 shares of the company’s stock valued at $31,762,000 after acquiring an additional 462,453 shares during the period. Millennium Management LLC increased its holdings in shares of Smart Sand by 430.2% in the 4th quarter. Millennium Management LLC now owns 490,170 shares of the company’s stock valued at $4,245,000 after acquiring an additional 397,720 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Smart Sand by 215.2% in the 3rd quarter. Wells Fargo & Company MN now owns 389,083 shares of the company’s stock valued at $2,638,000 after acquiring an additional 265,657 shares during the period. Finally, Clearbridge LLC increased its holdings in shares of Smart Sand by 10.0% in the 4th quarter. Clearbridge LLC now owns 2,534,092 shares of the company’s stock valued at $21,945,000 after acquiring an additional 230,600 shares during the period. Institutional investors and hedge funds own 51.00% 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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