Zacks: Analysts Expect Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) to Post $0.07 Earnings Per Share

Wall Street analysts predict that Solaris Oilfield Infrastructure, Inc. (NYSE:SOIGet Rating) will report earnings per share of $0.07 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Solaris Oilfield Infrastructure’s earnings, with estimates ranging from $0.03 to $0.09. Solaris Oilfield Infrastructure posted earnings per share of ($0.04) in the same quarter last year, which indicates a positive year over year growth rate of 275%. The company is scheduled to issue its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.59. For the next fiscal year, analysts forecast that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.43 to $1.01. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure (NYSE:SOIGet Rating) last issued its earnings results on Monday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $45.96 million during the quarter, compared to analyst estimates of $41.20 million. Solaris Oilfield Infrastructure had a negative net margin of 0.55% and a negative return on equity of 0.70%. During the same period in the previous year, the firm earned ($0.05) earnings per share.

Several analysts recently weighed in on SOI shares. Cowen decreased their price objective on Solaris Oilfield Infrastructure from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, February 23rd. Piper Sandler lifted their price objective on Solaris Oilfield Infrastructure from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, March 7th. Finally, Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective for the company in a report on Saturday, February 26th.

A number of institutional investors have recently made changes to their positions in SOI. THRC Management LLC bought a new position in Solaris Oilfield Infrastructure in the fourth quarter worth about $17,886,000. FMR LLC acquired a new position in shares of Solaris Oilfield Infrastructure during the first quarter valued at about $36,498,000. Schroder Investment Management Group increased its holdings in shares of Solaris Oilfield Infrastructure by 39.8% during the third quarter. Schroder Investment Management Group now owns 1,626,185 shares of the company’s stock valued at $13,562,000 after acquiring an additional 463,187 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Solaris Oilfield Infrastructure by 87.0% during the fourth quarter. Russell Investments Group Ltd. now owns 575,954 shares of the company’s stock valued at $3,770,000 after acquiring an additional 267,896 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Solaris Oilfield Infrastructure by 31.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 886,530 shares of the company’s stock valued at $7,394,000 after acquiring an additional 209,570 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Shares of SOI stock traded up $0.03 on Friday, hitting $11.39. The stock had a trading volume of 137,266 shares, compared to its average volume of 216,712. The company has a quick ratio of 2.71, a current ratio of 2.77 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $10.23 and a 200 day moving average price of $8.45. The company has a market cap of $521.21 million, a PE ratio of -284.75 and a beta of 1.48. Solaris Oilfield Infrastructure has a one year low of $6.11 and a one year high of $12.10.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Monday, March 7th were issued a $0.105 dividend. The ex-dividend date was Friday, March 4th. This represents a $0.42 dividend on an annualized basis and a yield of 3.69%. Solaris Oilfield Infrastructure’s dividend payout ratio is presently -1,050.00%.

Solaris Oilfield Infrastructure Company Profile (Get Rating)

Solaris Oilfield Infrastructure, Inc designs, manufactures, and sells mobile equipment to unload, store, and deliver proppant, water, and chemicals at oil and natural gas well sites in the United States. It is involved in the transloading and storage of proppant or railcars at its transloading facility.

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

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