Equities research analysts forecast that Solaris Oilfield Infrastructure Inc (NYSE:SOI) will announce sales of $57.44 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Solaris Oilfield Infrastructure’s earnings, with the highest sales estimate coming in at $60.20 million and the lowest estimate coming in at $55.40 million. Solaris Oilfield Infrastructure reported sales of $47.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.8%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, July 30th.
On average, analysts expect that Solaris Oilfield Infrastructure will report full-year sales of $235.55 million for the current fiscal year, with estimates ranging from $225.90 million to $248.50 million. For the next financial year, analysts anticipate that the firm will post sales of $277.23 million, with estimates ranging from $236.00 million to $318.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Solaris Oilfield Infrastructure.
Solaris Oilfield Infrastructure (NYSE:SOI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company had revenue of $55.12 million for the quarter, compared to analysts’ expectations of $54.31 million. Solaris Oilfield Infrastructure had a net margin of 22.57% and a return on equity of 29.34%. The business’s revenue was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
NYSE:SOI opened at $15.62 on Wednesday. Solaris Oilfield Infrastructure has a 12 month low of $10.50 and a 12 month high of $19.31. The company has a market capitalization of $729.51 million, a PE ratio of 9.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.08 and a current ratio of 2.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 13th. Solaris Oilfield Infrastructure’s dividend payout ratio (DPR) is currently 23.67%.
In related news, major shareholder Yorktown Energy Partners X, L. sold 2,000,000 shares of Solaris Oilfield Infrastructure stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $15.58, for a total value of $31,160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.18% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC purchased a new position in shares of Solaris Oilfield Infrastructure during the first quarter valued at approximately $36,498,000. BlackRock Inc. grew its holdings in Solaris Oilfield Infrastructure by 5.4% during the 1st quarter. BlackRock Inc. now owns 1,838,139 shares of the company’s stock worth $30,218,000 after acquiring an additional 94,609 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,171,592 shares of the company’s stock worth $22,132,000 after buying an additional 9,743 shares during the last quarter. Wasatch Advisors Inc. lifted its position in shares of Solaris Oilfield Infrastructure by 26.4% in the 1st quarter. Wasatch Advisors Inc. now owns 889,836 shares of the company’s stock worth $14,629,000 after buying an additional 185,622 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Solaris Oilfield Infrastructure by 15.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 880,663 shares of the company’s stock worth $14,478,000 after buying an additional 117,405 shares during the last quarter. 63.26% of the stock is currently owned by hedge funds and other institutional investors.
About Solaris Oilfield Infrastructure
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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