Smart Sand (NASDAQ:SND) Releases Earnings Results, Beats Expectations By $0.34 EPS

Smart Sand (NASDAQ:SND) announced its quarterly earnings results on Tuesday. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.34, Zacks reports. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%. The company had revenue of $112.30 million during the quarter, compared to analysts’ expectations of $29.57 million.

Smart Sand Trading Up 3.0%

Shares of Smart Sand stock traded up $0.12 during trading hours on Tuesday, hitting $4.07. The company’s stock had a trading volume of 257,114 shares, compared to its average volume of 341,740. The company has a market capitalization of $172.57 million, a PE ratio of 15.65 and a beta of 0.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.11. The stock has a 50 day moving average of $5.05 and a 200 day moving average of $4.88. Smart Sand has a 12 month low of $2.22 and a 12 month high of $5.92.

Smart Sand Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, November 18th.

Analyst Ratings Changes

SND has been the subject of several recent analyst reports. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded shares of Smart Sand from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Insider Activity

In other Smart Sand news, insider James Young sold 16,301 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.93, for a total transaction of $80,363.93. Following the sale, the insider directly owned 356,627 shares in the company, valued at approximately $1,758,171.11. This trade represents a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Lee E. Beckelman sold 50,000 shares of Smart Sand stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $4.79, for a total transaction of $239,500.00. Following the completion of the transaction, the chief financial officer directly owned 721,845 shares in the company, valued at approximately $3,457,637.55. The trade was a 6.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,844 shares of company stock worth $446,544 in the last 90 days. Corporate insiders own 33.50% of the company’s stock.

Smart Sand Company Profile

Smart Sand, Inc. is a proppant and logistics company that supplies high-quality frac sand to the North American oil and natural gas industry. Its products are used in hydraulic fracturing to keep underground fractures open, helping producers access hydrocarbons from shale and other unconventional formations. The company produces Northern White sand from its mining and processing operations in Wisconsin. Its offerings include various grades and sizes of frac sand, along with related storage, handling, transportation and delivery services.