Smart Sand Inc (NASDAQ:SND) – Stock analysts at Seaport Global Securities boosted their Q2 2019 earnings per share (EPS) estimates for Smart Sand in a research note issued to investors on Wednesday, May 8th. Seaport Global Securities analyst M. Urban now anticipates that the company will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.09. Seaport Global Securities also issued estimates for Smart Sand’s Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.13 EPS and FY2019 earnings at $0.50 EPS.
Other equities analysts have also recently issued reports about the company. Piper Jaffray Companies set a $4.00 price objective on Smart Sand and gave the company a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research raised Smart Sand from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. B. Riley initiated coverage on Smart Sand in a report on Tuesday, March 19th. They set a “hold” rating and a $5.00 price target on the stock. Jefferies Financial Group reissued a “sell” rating on shares of Smart Sand in a report on Tuesday, April 2nd. Finally, ValuEngine raised Smart Sand from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.91.
SND stock opened at $3.86 on Monday. The company has a market capitalization of $155.27 million, a P/E ratio of 4.77 and a beta of 3.04. Smart Sand has a 12-month low of $1.92 and a 12-month high of $7.24. The company has a current ratio of 1.47, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34.
Smart Sand (NASDAQ:SND) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $51.78 million for the quarter, compared to analysts’ expectations of $49.53 million. Smart Sand had a return on equity of 17.03% and a net margin of 9.81%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading L.P. bought a new position in shares of Smart Sand during the 1st quarter valued at $28,000. Wall Street Access Asset Management LLC lifted its holdings in shares of Smart Sand by 25.2% during the 4th quarter. Wall Street Access Asset Management LLC now owns 32,185 shares of the company’s stock valued at $71,000 after buying an additional 6,485 shares during the period. Menta Capital LLC lifted its holdings in shares of Smart Sand by 44.0% during the 4th quarter. Menta Capital LLC now owns 23,908 shares of the company’s stock valued at $53,000 after buying an additional 7,300 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Smart Sand by 17.1% during the 1st quarter. Victory Capital Management Inc. now owns 51,081 shares of the company’s stock valued at $227,000 after buying an additional 7,464 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Smart Sand by 35.8% during the 4th quarter. Rhumbline Advisers now owns 29,222 shares of the company’s stock valued at $65,000 after buying an additional 7,700 shares during the period. 37.31% of the stock is currently owned by hedge funds and other institutional investors.
About Smart Sand
Smart Sand, Inc engages in the excavation, processing, and sale of industrial sands for use in hydraulic fracturing operations in the oil and gas industry in the United States. The company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies.