Zacks: Analysts Expect Solaris Oilfield Infrastructure Inc (SOI) Will Post Earnings of $0.50 Per Share

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Wall Street analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to announce earnings per share (EPS) of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.47. Solaris Oilfield Infrastructure reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 316.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.79. For the next fiscal year, analysts anticipate that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.53 to $2.80. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Solaris Oilfield Infrastructure.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $47.20 million during the quarter, compared to the consensus estimate of $44.85 million. Solaris Oilfield Infrastructure had a net margin of 15.78% and a return on equity of 18.91%. The company’s revenue for the quarter was up 252.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.

A number of research firms have issued reports on SOI. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a report on Tuesday, August 7th. ValuEngine cut Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Stifel Nicolaus began coverage on Solaris Oilfield Infrastructure in a report on Monday, September 10th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Seaport Global Securities restated a “buy” rating on shares of Solaris Oilfield Infrastructure in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Solaris Oilfield Infrastructure currently has a consensus rating of “Buy” and an average price target of $22.00.

In other Solaris Oilfield Infrastructure news, Director James R. Burke sold 7,170 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $16.67, for a total transaction of $119,523.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.44% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth $2,205,000. Employees Retirement System of Texas bought a new position in shares of Solaris Oilfield Infrastructure in the 1st quarter worth $2,401,000. GSA Capital Partners LLP bought a new position in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth $900,000. Wells Fargo & Company MN lifted its holdings in shares of Solaris Oilfield Infrastructure by 419.5% in the 1st quarter. Wells Fargo & Company MN now owns 1,265,403 shares of the company’s stock worth $20,954,000 after purchasing an additional 1,021,801 shares in the last quarter. Finally, Fred Alger Management Inc. lifted its holdings in shares of Solaris Oilfield Infrastructure by 166.8% in the 2nd quarter. Fred Alger Management Inc. now owns 2,217,243 shares of the company’s stock worth $31,684,000 after purchasing an additional 1,386,252 shares in the last quarter. Institutional investors own 77.62% of the company’s stock.

Solaris Oilfield Infrastructure stock opened at $17.25 on Tuesday. The company has a market cap of $821.77 million, a price-to-earnings ratio of 35.94 and a beta of 0.30. Solaris Oilfield Infrastructure has a 52-week low of $12.97 and a 52-week high of $23.98. The company has a current ratio of 2.26, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20.

About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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

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