Equities analysts forecast that Smart Sand Inc (NASDAQ:SND) will post $0.36 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Smart Sand’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.41. Smart Sand reported earnings of $0.17 per share in the same quarter last year, which suggests a positive year over year growth rate of 111.8%. The company is expected to issue its next quarterly earnings results on Thursday, November 8th.

On average, analysts expect that Smart Sand will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.95 to $1.03. For the next fiscal year, analysts expect that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.02 to $1.63. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Smart Sand.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $54.40 million during the quarter, compared to analysts’ expectations of $52.43 million. Smart Sand had a return on equity of 10.94% and a net margin of 16.12%. The firm’s revenue for the quarter was up 82.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS.

Several equities research analysts have issued reports on the company. ValuEngine upgraded Smart Sand from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 25th. Johnson Rice lowered Smart Sand from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a report on Tuesday, June 26th. Tudor Pickering lowered Smart Sand from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, BidaskClub raised Smart Sand from a “sell” rating to a “hold” rating in a report on Saturday, April 14th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $10.53.

In other Smart Sand news, CFO Lee E. Beckelman acquired 7,600 shares of the stock in a transaction that occurred on Tuesday, May 15th. The shares were bought at an average price of $6.64 per share, for a total transaction of $50,464.00. Following the completion of the transaction, the chief financial officer now owns 184,867 shares of the company’s stock, valued at approximately $1,227,516.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Edwin Young acquired 30,000 shares of the stock in a transaction that occurred on Tuesday, May 29th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $182,400.00. Following the transaction, the chief executive officer now directly owns 253,906 shares of the company’s stock, valued at approximately $1,543,748.48. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 53,600 shares of company stock worth $337,434. Company insiders own 46.60% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in shares of Smart Sand in the fourth quarter worth $128,000. Mackay Shields LLC purchased a new stake in Smart Sand during the first quarter valued at about $128,000. Hartford Investment Management Co. purchased a new stake in Smart Sand during the second quarter valued at about $121,000. A.R.T. Advisors LLC purchased a new stake in Smart Sand during the first quarter valued at about $155,000. Finally, GSA Capital Partners LLP purchased a new stake in Smart Sand during the second quarter valued at about $173,000. Institutional investors own 45.73% of the company’s stock.

NASDAQ SND traded down $0.01 during midday trading on Tuesday, hitting $5.81. The company had a trading volume of 801,453 shares, compared to its average volume of 645,275. The stock has a market capitalization of $240.83 million, a PE ratio of 11.64 and a beta of 3.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.59 and a quick ratio of 1.38. Smart Sand has a twelve month low of $4.81 and a twelve month high of $11.06.

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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