Smart Sand (NASDAQ:SND) issued its quarterly earnings data on Wednesday. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06, Fidelity Earnings reports. The business had revenue of $65.69 million for the quarter, compared to analyst estimates of $63.86 million. Smart Sand had a return on equity of 18.46% and a net margin of 11.06%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS.
SND traded up $0.13 during midday trading on Friday, reaching $2.76. The company’s stock had a trading volume of 405,600 shares, compared to its average volume of 321,023. The stock has a market cap of $102.47 million, a P/E ratio of 3.41 and a beta of 2.18. The company has a fifty day simple moving average of $2.65 and a 200 day simple moving average of $2.81. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. Smart Sand has a twelve month low of $1.92 and a twelve month high of $4.68.
A number of analysts have issued reports on the company. Evercore ISI set a $5.00 target price on Smart Sand and gave the company a “hold” rating in a report on Wednesday, August 7th. TheStreet raised Smart Sand from a “d” rating to a “c-” rating in a report on Monday. Seaport Global Securities reaffirmed a “buy” rating on shares of Smart Sand in a report on Friday, August 16th. Zacks Investment Research lowered Smart Sand from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, ValuEngine lowered Smart Sand from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $3.70.
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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