Smart Sand (NASDAQ:SND) Announces Earnings Results

Smart Sand (NASDAQ:SND) posted its earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.34, Zacks reports. The company had revenue of $112.30 million during the quarter, compared to analyst estimates of $29.57 million. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.

Smart Sand Stock Up 14.5%

Smart Sand stock traded up $0.59 during midday trading on Wednesday, reaching $4.66. The company’s stock had a trading volume of 88,050 shares, compared to its average volume of 340,356. The stock’s 50-day simple moving average is $5.03 and its 200-day simple moving average is $4.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.11. Smart Sand has a 52-week low of $2.23 and a 52-week high of $5.92. The stock has a market capitalization of $197.58 million, a P/E ratio of 17.77 and a beta of 0.43.

Smart Sand Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, November 18th.

Insider Transactions at Smart Sand

In other news, CFO Lee Beckelman sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total transaction of $239,500.00. Following the sale, the chief financial officer owned 721,845 shares in the company, valued at approximately $3,457,637.55. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Young sold 11,669 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $4.84, for a total transaction of $56,477.96. Following the transaction, the insider owned 344,958 shares in the company, valued at approximately $1,669,596.72. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 91,844 shares of company stock worth $446,544. Insiders own 33.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Smart Sand from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of Smart Sand from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Smart Sand

Smart Sand, Inc. is a proppant and logistics company that supplies high-quality frac sand to the North American oil and natural gas industry. Its products are used in hydraulic fracturing to keep underground fractures open, helping producers access hydrocarbons from shale and other unconventional formations. The company produces Northern White sand from its mining and processing operations in Wisconsin. Its offerings include various grades and sizes of frac sand, along with related storage, handling, transportation and delivery services.