Brokerages expect Smart Sand, Inc. (NASDAQ:SND) to report sales of $19.19 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Smart Sand's earnings, with estimates ranging from $18.73 million to $19.64 million. Smart Sand posted sales of $47.67 million in the same quarter last year, which suggests a negative year-over-year growth rate of 59.7%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, March 2nd.
On average, analysts expect that Smart Sand will report full-year sales of $116.19 million for the current year, with estimates ranging from $115.73 million to $116.64 million. For the next financial year, analysts forecast that the company will report sales of $136.44 million, with estimates ranging from $119.50 million to $155.95 million. Zacks' sales calculations are an average based on a survey of research analysts that that provide coverage for Smart Sand.
Smart Sand (NASDAQ:SND) last issued its earnings results on Monday, November 9th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.02. The company had revenue of $23.41 million for the quarter, compared to the consensus estimate of $17.39 million. Smart Sand had a return on equity of 3.55% and a net margin of 29.88%.
Separately, Zacks Investment Research downgraded Smart Sand from a "hold" rating to a "sell" rating in a report on Tuesday, January 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of "Hold" and a consensus target price of $2.09.
Shares of SND opened at $2.74 on Thursday. The company has a market capitalization of $119.51 million, a price-to-earnings ratio of 2.51 and a beta of 2.09. Smart Sand has a fifty-two week low of $0.55 and a fifty-two week high of $3.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.72 and a quick ratio of 2.14. The business's 50-day moving average is $1.91 and its 200-day moving average is $1.59.
In related news, Director Andrew R. Speaker sold 50,000 shares of the stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $2.07, for a total value of $103,500.00. Following the transaction, the director now owns 1,102,982 shares in the company, valued at $2,283,172.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 50.40% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. bought a new stake in Smart Sand during the fourth quarter worth approximately $34,000. Kessler Investment Group LLC boosted its position in Smart Sand by 177.6% during the third quarter. Kessler Investment Group LLC now owns 59,346 shares of the company's stock worth $78,000 after purchasing an additional 37,965 shares during the period. Renaissance Technologies LLC boosted its position in Smart Sand by 167.3% during the fourth quarter. Renaissance Technologies LLC now owns 465,592 shares of the company's stock worth $801,000 after purchasing an additional 291,392 shares during the period. Clearlake Capital Group L.P. bought a new stake in Smart Sand during the fourth quarter worth approximately $18,783,000. Finally, Kingsview Wealth Management LLC bought a new stake in Smart Sand during the third quarter worth approximately $26,000. Hedge funds and other institutional investors own 16.60% of the company's stock.
About Smart Sand
Smart Sand, Inc, 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 operates SmartSystems, a wellsite proppant storage solution; and offers logistics services.
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