-$0.05 Earnings Per Share Expected for Smart Sand, Inc. (NASDAQ:SND) This Quarter

Analysts expect Smart Sand, Inc. (NASDAQ:SNDGet Rating) to report earnings of ($0.05) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Smart Sand’s earnings, with estimates ranging from ($0.05) to ($0.04). Smart Sand posted earnings per share of ($0.65) in the same quarter last year, which suggests a positive year over year growth rate of 92.3%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Smart Sand will report full year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.23) to ($0.21). For the next year, analysts expect that the business will post earnings of $0.09 per share, with EPS estimates ranging from $0.04 to $0.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Smart Sand.

Smart Sand (NASDAQ:SNDGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.09. Smart Sand had a negative net margin of 37.42% and a negative return on equity of 21.33%. During the same period in the prior year, the firm posted ($0.09) EPS.

Several research firms have issued reports on SND. Zacks Investment Research raised shares of Smart Sand from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Wednesday, May 18th. Piper Sandler boosted their price objective on shares of Smart Sand from $2.15 to $3.00 and gave the company an “underweight” rating in a research report on Thursday, May 19th. Finally, StockNews.com initiated coverage on shares of Smart Sand in a research report on Sunday, April 3rd. They issued a “hold” rating for the company.

In related news, insider James Douglas Young sold 9,082 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $3.03, for a total transaction of $27,518.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew R. Speaker sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $3.13, for a total transaction of $156,500.00. The disclosure for this sale can be found here. Insiders sold a total of 224,258 shares of company stock valued at $716,998 in the last ninety days. Corporate insiders own 49.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SND. Charles Schwab Investment Management Inc. bought a new position in shares of Smart Sand during the 1st quarter worth approximately $61,000. XTX Topco Ltd acquired a new position in Smart Sand during the 1st quarter valued at approximately $66,000. Renaissance Technologies LLC acquired a new position in Smart Sand during the 4th quarter valued at approximately $78,000. Victory Capital Management Inc. increased its stake in Smart Sand by 22.3% during the 4th quarter. Victory Capital Management Inc. now owns 43,937 shares of the company’s stock valued at $78,000 after purchasing an additional 8,022 shares in the last quarter. Finally, Boston Partners acquired a new position in Smart Sand during the 4th quarter valued at approximately $78,000. Hedge funds and other institutional investors own 39.49% of the company’s stock.

Shares of Smart Sand stock traded down $0.20 during trading hours on Thursday, reaching $3.17. The company’s stock had a trading volume of 436,364 shares, compared to its average volume of 337,819. Smart Sand has a one year low of $1.73 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.16 and a quick ratio of 0.88. The firm has a 50 day moving average price of $3.79 and a 200-day moving average price of $2.87. The stock has a market cap of $141.08 million, a P/E ratio of -2.54 and a beta of 1.14.

Smart Sand Company Profile (Get Rating)

Smart Sand, Inc, an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite proppant storage solution.

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