Equities analysts forecast that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will report earnings per share (EPS) of $0.47 for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Solaris Oilfield Infrastructure’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.43. Solaris Oilfield Infrastructure posted earnings of $0.42 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that Solaris Oilfield Infrastructure will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $2.08. For the next year, analysts anticipate that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $1.90 to $2.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $55.12 million during the quarter, compared to analysts’ expectations of $54.31 million. Solaris Oilfield Infrastructure had a return on equity of 29.34% and a net margin of 22.57%. The business’s revenue was up 53.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share.
Several large investors have recently modified their holdings of SOI. WINTON GROUP Ltd increased its holdings in Solaris Oilfield Infrastructure by 104.7% during the 2nd quarter. WINTON GROUP Ltd now owns 22,966 shares of the company’s stock worth $344,000 after purchasing an additional 11,746 shares during the period. FMR LLC purchased a new stake in Solaris Oilfield Infrastructure during the 1st quarter worth about $36,498,000. Marshall Wace LLP increased its holdings in Solaris Oilfield Infrastructure by 162.5% during the 1st quarter. Marshall Wace LLP now owns 207,241 shares of the company’s stock worth $3,407,000 after purchasing an additional 128,281 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in Solaris Oilfield Infrastructure during the 1st quarter worth about $724,000. Finally, Citigroup Inc. increased its holdings in Solaris Oilfield Infrastructure by 69.6% during the 1st quarter. Citigroup Inc. now owns 449,731 shares of the company’s stock worth $7,394,000 after purchasing an additional 184,636 shares during the period. 63.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Solaris Oilfield Infrastructure stock traded up $0.06 on Thursday, reaching $14.13. The company’s stock had a trading volume of 8,369 shares, compared to its average volume of 497,217. The firm has a market capitalization of $654.36 million, a P/E ratio of 8.41 and a beta of 1.79. Solaris Oilfield Infrastructure has a 52-week low of $10.50 and a 52-week high of $19.31. The business has a 50-day simple moving average of $14.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 2.08.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, June 13th. Solaris Oilfield Infrastructure’s dividend payout ratio is presently 23.67%.
Solaris Oilfield Infrastructure Company Profile
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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