$56.75 Million in Sales Expected for Solaris Oilfield Infrastructure Inc (SOI) This Quarter

Wall Street brokerages expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to announce sales of $56.75 million for the current quarter, according to Zacks. Seven analysts have made estimates for Solaris Oilfield Infrastructure’s earnings. The highest sales estimate is $57.70 million and the lowest is $54.60 million. Solaris Oilfield Infrastructure reported sales of $18.48 million during the same quarter last year, which would suggest a positive year over year growth rate of 207.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Solaris Oilfield Infrastructure will report full year sales of $204.83 million for the current fiscal year, with estimates ranging from $201.90 million to $208.56 million. For the next financial year, analysts expect that the firm will post sales of $297.74 million, with estimates ranging from $282.67 million to $323.10 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Solaris Oilfield Infrastructure had a return on equity of 18.91% and a net margin of 15.78%. The business had revenue of $47.20 million during the quarter, compared to analyst estimates of $44.85 million. During the same period last year, the company earned $0.01 earnings per share. Solaris Oilfield Infrastructure’s quarterly revenue was up 252.2% compared to the same quarter last year.

Several brokerages recently issued reports on SOI. ValuEngine upgraded Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Thursday, August 30th. Seaport Global Securities reiterated a “buy” rating on shares of Solaris Oilfield Infrastructure in a report on Monday, August 6th. Finally, Stifel Nicolaus began coverage on Solaris Oilfield Infrastructure in a report on Monday, September 10th. They set a “buy” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Solaris Oilfield Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $22.00.

In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 7,170 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $16.67, for a total transaction of $119,523.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.44% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading L.P. bought a new position in Solaris Oilfield Infrastructure during the first quarter valued at about $138,000. Advisors Asset Management Inc. raised its holdings in Solaris Oilfield Infrastructure by 450.6% during the second quarter. Advisors Asset Management Inc. now owns 10,582 shares of the company’s stock valued at $151,000 after buying an additional 8,660 shares in the last quarter. Voya Investment Management LLC bought a new position in Solaris Oilfield Infrastructure during the second quarter valued at about $153,000. Violich Capital Management Inc. bought a new position in Solaris Oilfield Infrastructure during the first quarter valued at about $176,000. Finally, California Public Employees Retirement System bought a new position in Solaris Oilfield Infrastructure during the second quarter valued at about $176,000. Institutional investors own 77.61% of the company’s stock.

Shares of NYSE:SOI traded up $0.49 during midday trading on Thursday, hitting $18.96. 925,600 shares of the stock were exchanged, compared to its average volume of 527,532. The company has a current ratio of 2.26, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Solaris Oilfield Infrastructure has a 52-week low of $12.97 and a 52-week high of $23.98. The firm has a market cap of $813.78 million, a price-to-earnings ratio of 38.75 and a beta of 0.28.

Solaris Oilfield Infrastructure Company Profile

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 Infrastructure (NYSE:SOI)

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