$170.73 Million in Sales Expected for Hi-Crush Inc. (NYSE:HCR) This Quarter

Equities research analysts expect Hi-Crush Inc. (NYSE:HCR) to announce $170.73 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Hi-Crush’s earnings. The lowest sales estimate is $163.61 million and the highest is $181.10 million. Hi-Crush reported sales of $248.52 million in the same quarter last year, which would suggest a negative year over year growth rate of 31.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Hi-Crush will report full year sales of $706.59 million for the current fiscal year, with estimates ranging from $662.55 million to $774.10 million. For the next financial year, analysts anticipate that the business will post sales of $839.44 million, with estimates ranging from $736.47 million to $992.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hi-Crush.

Hi-Crush (NYSE:HCR) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.06) earnings per share for the quarter. Hi-Crush had a return on equity of 10.24% and a net margin of 9.99%. The business had revenue of $159.91 million during the quarter, compared to the consensus estimate of $178.20 million.

Several analysts recently weighed in on the stock. ValuEngine raised shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 6th.

Shares of Hi-Crush stock traded up $0.09 during trading on Friday, hitting $2.82. The company’s stock had a trading volume of 1,594,602 shares, compared to its average volume of 1,219,687. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. Hi-Crush has a 52 week low of $1.55 and a 52 week high of $16.65. The stock has a market cap of $285.12 million, a price-to-earnings ratio of 1.89 and a beta of 2.01.

In other Hi-Crush news, COO Michael A. Oehlert acquired 56,000 shares of Hi-Crush stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $1.77 per share, with a total value of $99,120.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Laura C. Fulton acquired 25,000 shares of Hi-Crush stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $1.62 per share, for a total transaction of $40,500.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 181,000 shares of company stock worth $302,620. 34.80% of the stock is currently owned by insiders.

Hi-Crush Company Profile

Hi-Crush Inc, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

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