Zacks: Analysts Anticipate Solaris Oilfield Infra (SOI) Will Announce Earnings of $0.38 Per Share

Brokerages predict that Solaris Oilfield Infra (NYSE:SOI) will report earnings of $0.38 per share for the current quarter, according to Zacks. Five analysts have made estimates for Solaris Oilfield Infra’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.36. Solaris Oilfield Infra posted earnings of $0.41 per share during the same quarter last year, which would suggest a negative year over year growth rate of 7.3%. The firm is expected to announce its next earnings results on Monday, August 13th.

According to Zacks, analysts expect that Solaris Oilfield Infra will report full-year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $1.88. For the next fiscal year, analysts expect that the business will report earnings of $2.62 per share, with EPS estimates ranging from $2.46 to $2.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Solaris Oilfield Infra.

Solaris Oilfield Infra (NYSE:SOI) last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Solaris Oilfield Infra had a return on equity of 13.49% and a net margin of 10.28%. The firm had revenue of $36.02 million during the quarter, compared to analyst estimates of $33.06 million. The business’s revenue for the quarter was up 248.9% on a year-over-year basis.



A number of brokerages have weighed in on SOI. Imperial Capital restated an “outperform” rating and set a $26.00 price objective on shares of Solaris Oilfield Infra in a research note on Wednesday, January 24th. Piper Jaffray set a $21.00 target price on Solaris Oilfield Infra and gave the stock a “buy” rating in a report on Tuesday, April 3rd. Finally, Zacks Investment Research downgraded Solaris Oilfield Infra from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.79.

Shares of Solaris Oilfield Infra opened at $16.69 on Friday, according to Marketbeat. Solaris Oilfield Infra has a fifty-two week low of $9.90 and a fifty-two week high of $23.98. The company has a quick ratio of 2.90, a current ratio of 3.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $778.06 million and a price-to-earnings ratio of 34.77.

Large investors have recently added to or reduced their stakes in the business. Ascend Capital LLC bought a new position in Solaris Oilfield Infra during the 4th quarter worth approximately $4,006,000. Moody Aldrich Partners LLC bought a new stake in shares of Solaris Oilfield Infra in the 4th quarter worth approximately $1,013,000. Victory Capital Management Inc. lifted its holdings in shares of Solaris Oilfield Infra by 719.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,092,242 shares of the company’s stock worth $23,385,000 after purchasing an additional 959,001 shares during the last quarter. Cadence Capital Management LLC bought a new stake in shares of Solaris Oilfield Infra in the 4th quarter worth approximately $944,000. Finally, Jennison Associates LLC lifted its holdings in shares of Solaris Oilfield Infra by 16.5% in the 4th quarter. Jennison Associates LLC now owns 821,807 shares of the company’s stock worth $17,595,000 after purchasing an additional 116,187 shares during the last quarter. 69.66% of the stock is currently owned by institutional investors.

Solaris Oilfield Infra Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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Earnings History and Estimates for Solaris Oilfield Infra (NYSE:SOI)

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