Smart Sand (NASDAQ:SND) Announces Earnings Results

Smart Sand (NASDAQ:SND – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.34, Zacks reports. Smart Sand had a net margin of 2.71% and a return on equity of 4.41%.

Smart Sand Stock Performance

Shares of SND stock traded up $0.12 during mid-day trading on Tuesday, reaching $4.08. 170,119 shares of the company’s stock traded hands, compared to its average volume of 341,267. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.69. The firm has a market capitalization of $172.78 million, a PE ratio of 15.67 and a beta of 0.43. Smart Sand has a 12 month low of $2.22 and a 12 month high of $5.92. The firm has a 50 day moving average price of $5.05 and a two-hundred day moving average price of $4.88.

Smart Sand Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, November 18th.

Wall Street Analyst Weigh In

SND has been the subject of a number of research reports. Weiss Ratings upgraded Smart Sand from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 28th. Wall Street Zen raised Smart Sand from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Report on SND

Insider Buying and Selling

In related news, CFO Lee Beckelman sold 50,000 shares of Smart Sand stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total transaction of $239,500.00. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher M. Green sold 13,874 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $5.06, for a total value of $70,202.44. Following the sale, the vice president directly owned 34,293 shares of the company’s stock, valued at $173,522.58. This represents a 28.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 91,844 shares of company stock valued at $446,544. 33.50% of the stock is owned by company insiders.

Smart Sand Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Smart Sand (NASDAQ:SND)

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