Wall Street analysts expect Solaris Oilfield Infrastructure Inc (NYSE:SOI) to report earnings per share of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.37. Solaris Oilfield Infrastructure reported earnings of $0.51 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 19.6%. The business is expected to announce its next earnings results on Wednesday, October 30th.
On average, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.67 to $1.74. For the next financial year, analysts expect that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.52 to $2.31. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Solaris Oilfield Infrastructure had a return on equity of 25.82% and a net margin of 22.08%. The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $58.25 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 35.9% on a year-over-year basis.
NYSE:SOI traded up $0.81 during mid-day trading on Monday, reaching $14.70. The company’s stock had a trading volume of 18,256 shares, compared to its average volume of 398,403. The company’s fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $15.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 2.38. Solaris Oilfield Infrastructure has a twelve month low of $10.50 and a twelve month high of $19.31. The stock has a market cap of $649.45 million, a P/E ratio of 8.72, a P/E/G ratio of 1.00 and a beta of 1.78.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, September 18th. Solaris Oilfield Infrastructure’s dividend payout ratio is currently 23.67%.
In related news, insider Christopher M. Powell sold 29,418 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $13.36, for a total transaction of $393,024.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Burke sold 5,641 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $13.45, for a total value of $75,871.45. The disclosure for this sale can be found here. Insiders own 14.18% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure during the 2nd quarter valued at about $84,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $67,000. State Board of Administration of Florida Retirement System raised its holdings in Solaris Oilfield Infrastructure by 6.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 16,969 shares of the company’s stock valued at $254,000 after acquiring an additional 970 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Solaris Oilfield Infrastructure by 22.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 763,258 shares of the company’s stock valued at $9,228,000 after acquiring an additional 137,659 shares in the last quarter. Finally, Menta Capital LLC acquired a new position in Solaris Oilfield Infrastructure in the 2nd quarter valued at approximately $299,000. Institutional investors and hedge funds own 67.00% of the company’s stock.
About Solaris Oilfield Infrastructure
Solaris Oilfield Infrastructure, Inc manufactures and rents mobile proppant and chemical management systems to unload, store, and deliver proppant and chemicals at oil and natural gas well sites in the United States. Its systems to transfer large quantities of proppant and chemicals to the well sites.
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