Smart Sand Inc (NASDAQ:SND) Expected to Earn Q1 2019 Earnings of $0.20 Per Share

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Smart Sand Inc (NASDAQ:SND) – Equities research analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for Smart Sand in a note issued to investors on Wednesday, October 17th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Pant expects that the company will post earnings of $0.20 per share for the quarter. Jefferies Financial Group has a “Underperform” rating and a $3.00 price target on the stock. Jefferies Financial Group also issued estimates for Smart Sand’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.15 EPS.

A number of other research analysts have also commented on the stock. Stifel Nicolaus started coverage on shares of Smart Sand in a research note on Monday, September 10th. They issued a “hold” rating and a $5.50 price objective on the stock. ValuEngine lowered shares of Smart Sand from a “sell” rating to a “strong sell” rating in a research note on Monday, September 24th. Zacks Investment Research lowered shares of Smart Sand from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Seaport Global Securities set a $5.00 price objective on shares of Smart Sand and gave the company a “buy” rating in a research note on Thursday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Smart Sand presently has an average rating of “Hold” and a consensus target price of $8.69.

NASDAQ SND traded down $0.02 during trading on Thursday, reaching $3.25. The company’s stock had a trading volume of 584,197 shares, compared to its average volume of 808,613. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.57. The firm has a market cap of $119.39 million, a PE ratio of 10.16 and a beta of 3.11. Smart Sand has a twelve month low of $2.55 and a twelve month high of $11.06.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $63.10 million for the quarter, compared to analyst estimates of $56.62 million. Smart Sand had a net margin of 16.12% and a return on equity of 10.72%. Smart Sand’s quarterly revenue was up 60.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share.

Several large investors have recently modified their holdings of SND. Wells Fargo & Company MN boosted its holdings in shares of Smart Sand by 3.9% in the first quarter. Wells Fargo & Company MN now owns 516,888 shares of the company’s stock valued at $3,009,000 after acquiring an additional 19,228 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Smart Sand by 29.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 97,205 shares of the company’s stock valued at $566,000 after acquiring an additional 22,012 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Smart Sand by 5.3% in the first quarter. Northern Trust Corp now owns 249,509 shares of the company’s stock valued at $1,452,000 after acquiring an additional 12,645 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Smart Sand by 1.9% in the first quarter. BlackRock Inc. now owns 1,373,184 shares of the company’s stock valued at $7,992,000 after acquiring an additional 25,028 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Smart Sand by 2,356.2% in the first quarter. JPMorgan Chase & Co. now owns 115,860 shares of the company’s stock valued at $675,000 after acquiring an additional 111,143 shares in the last quarter. 43.00% of the stock is currently owned by institutional investors and hedge funds.

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.

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