Smart Sand (SND) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Smart Sand (NASDAQ:SND) issued its earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.20, MarketWatch Earnings reports. Smart Sand had a return on equity of 12.77% and a net margin of 16.73%. The company had revenue of $52.20 million during the quarter, compared to the consensus estimate of $48.33 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was up 21.4% compared to the same quarter last year.

NASDAQ:SND opened at $2.97 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.71. Smart Sand has a one year low of $1.92 and a one year high of $8.14. The stock has a market capitalization of $118.99 million, a P/E ratio of 9.28 and a beta of 3.08.

Separately, Zacks Investment Research upgraded Smart Sand from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Wednesday, January 2nd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Smart Sand currently has an average rating of “Hold” and a consensus price target of $6.28.

A hedge fund recently raised its stake in Smart Sand stock. Geode Capital Management LLC raised its position in shares of Smart Sand Inc (NASDAQ:SND) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 291,187 shares of the company’s stock after buying an additional 56,914 shares during the quarter. Geode Capital Management LLC owned about 0.70% of Smart Sand worth $646,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.91% of the company’s stock.

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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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Earnings History for Smart Sand (NASDAQ:SND)

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