Analysts Anticipate Smart Sand Inc (SND) Will Post Quarterly Sales of $61.82 Million

Wall Street brokerages forecast that Smart Sand Inc (NASDAQ:SND) will announce sales of $61.82 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Smart Sand’s earnings. The highest sales estimate is $67.90 million and the lowest is $56.90 million. Smart Sand reported sales of $39.33 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 57.2%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, November 8th.

On average, analysts expect that Smart Sand will report full year sales of $221.90 million for the current fiscal year, with estimates ranging from $210.80 million to $231.30 million. For the next year, analysts expect that the company will report sales of $251.93 million, with estimates ranging from $215.10 million to $297.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Smart Sand.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $54.40 million during the quarter, compared to the consensus estimate of $52.43 million. Smart Sand had a net margin of 16.12% and a return on equity of 10.72%. The company’s quarterly revenue was up 82.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share.

Several equities research analysts have recently issued reports on SND shares. ValuEngine raised shares of Smart Sand from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Seaport Global Securities reissued a “buy” rating on shares of Smart Sand in a research report on Thursday, August 9th. Zacks Investment Research cut shares of Smart Sand from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Jefferies Financial Group cut shares of Smart Sand from a “hold” rating to an “underperform” rating and set a $3.00 price target for the company. in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of Smart Sand from $5.50 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.69.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Smart Sand by 28.1% in the second quarter. FMR LLC now owns 2,786,228 shares of the company’s stock valued at $14,795,000 after buying an additional 611,873 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Smart Sand by 268.3% in the second quarter. Dimensional Fund Advisors LP now owns 727,373 shares of the company’s stock valued at $3,862,000 after buying an additional 529,904 shares during the last quarter. Signia Capital Management LLC purchased a new stake in shares of Smart Sand in the second quarter valued at about $2,288,000. Russell Investments Group Ltd. raised its holdings in shares of Smart Sand by 14.5% in the first quarter. Russell Investments Group Ltd. now owns 1,898,671 shares of the company’s stock valued at $11,051,000 after buying an additional 240,872 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Smart Sand in the first quarter valued at about $778,000. 43.07% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:SND traded down $0.11 during trading on Tuesday, hitting $2.98. The company’s stock had a trading volume of 43,597 shares, compared to its average volume of 626,831. The company has a market cap of $127.50 million, a price-to-earnings ratio of 9.69 and a beta of 2.86. The company has a quick ratio of 1.19, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. Smart Sand has a fifty-two week low of $2.95 and a fifty-two week high of $11.06.

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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