Equities research analysts predict that Hi-Crush Partners LP (NYSE:HCLP) will post sales of $169.71 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Hi-Crush Partners’ earnings. The highest sales estimate is $177.98 million and the lowest is $154.80 million. Hi-Crush Partners reported sales of $216.46 million in the same quarter last year, which indicates a negative year-over-year growth rate of 21.6%. The company is expected to announce its next earnings results on Monday, February 18th.
According to Zacks, analysts expect that Hi-Crush Partners will report full-year sales of $850.32 million for the current year, with estimates ranging from $835.40 million to $858.59 million. For the next financial year, analysts forecast that the business will post sales of $890.80 million, with estimates ranging from $745.20 million to $967.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Hi-Crush Partners.
Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Hi-Crush Partners had a net margin of 21.37% and a return on equity of 24.52%. The firm had revenue of $213.97 million for the quarter, compared to analyst estimates of $212.11 million. During the same period in the previous year, the business earned $0.32 EPS. The company’s revenue was up 27.7% compared to the same quarter last year.
HCLP stock traded down $0.17 during midday trading on Friday, hitting $6.63. The company’s stock had a trading volume of 594,575 shares, compared to its average volume of 1,979,242. The company has a current ratio of 2.70, a quick ratio of 2.18 and a debt-to-equity ratio of 0.53. Hi-Crush Partners has a twelve month low of $6.13 and a twelve month high of $16.65. The firm has a market capitalization of $668.77 million, a P/E ratio of 6.56 and a beta of 1.55.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 1st were paid a $0.225 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.90 dividend on an annualized basis and a yield of 13.57%. Hi-Crush Partners’s dividend payout ratio (DPR) is currently 89.11%.
In related news, insider William E. Barker sold 9,444 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $12.40, for a total value of $117,105.60. Following the transaction, the insider now owns 17,968 shares in the company, valued at approximately $222,803.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 34.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new stake in Hi-Crush Partners in the 3rd quarter valued at about $124,000. Wedbush Securities Inc. bought a new stake in Hi-Crush Partners in the 3rd quarter valued at about $151,000. Private Advisor Group LLC bought a new stake in Hi-Crush Partners in the 2nd quarter valued at about $167,000. B. Riley Wealth Management Inc. bought a new stake in Hi-Crush Partners in the 3rd quarter valued at about $191,000. Finally, Ingalls & Snyder LLC bought a new stake in Hi-Crush Partners in the 2nd quarter valued at about $198,000. Institutional investors and hedge funds own 18.92% of the company’s stock.
About Hi-Crush Partners
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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