Smart Sand (NASDAQ:SND) Announces Quarterly Earnings Results

Key Points

• Smart Sand reported quarterly EPS of $0.20, beating analysts’ consensus estimate of a $0.14 loss by $0.34; net margin was 2.71%.
• The company declared a special dividend of $0.05 per share, payable November 30 to shareholders of record November 18.
• MarketBeat reported a consensus “Buy” rating on the stock. Insiders sold 91,844 shares worth about $446,500 during the last quarter.

Smart Sand (NASDAQ:SND - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.34, Zacks reports. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%.

Smart Sand Price Performance

Shares of SND traded up $0.12 during midday trading on Tuesday, reaching $4.08. The stock had a trading volume of 170,119 shares, compared to its average volume of 341,267. The company has a market capitalization of $172.78 million, a price-to-earnings ratio of 15.67 and a beta of 0.43. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. Smart Sand has a 12-month low of $2.22 and a 12-month high of $5.92. The company's 50-day moving average is $5.05 and its 200 day moving average is $4.88.

Smart Sand Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SND shares. Weiss Ratings raised shares of Smart Sand from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, October 28th. Wall Street Zen upgraded Smart Sand from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Smart Sand presently has a consensus rating of "Buy".

Insider Buying and Selling

In related news, CFO Lee E. Beckelman sold 50,000 shares of the stock in a transaction 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 transaction, the chief financial officer owned 721,845 shares of the company's stock, valued at approximately $3,457,637.55. This trade represents a 6.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher M. Green sold 13,874 shares of Smart Sand stock in a transaction on Friday, August 14th. The stock was sold at an average price of $5.06, for a total transaction of $70,202.44. Following the completion of the transaction, the vice president owned 34,293 shares in the company, valued at approximately $173,522.58. The trade was a 28.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 91,844 shares of company stock worth $446,544 in the last quarter. 33.50% of the stock is owned by insiders.

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.

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