$170.05 Million in Sales Expected for Hi-Crush Inc. (NYSE:HCR) This Quarter

Wall Street analysts expect Hi-Crush Inc. (NYSE:HCR) to report sales of $170.05 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Hi-Crush’s earnings, with estimates ranging from $156.64 million to $178.00 million. Hi-Crush posted sales of $213.97 million during the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The company is scheduled to report its next earnings report on Tuesday, October 29th.

On average, analysts expect that Hi-Crush will report full year sales of $667.84 million for the current fiscal year, with estimates ranging from $641.41 million to $682.00 million. For the next financial year, analysts anticipate that the firm will post sales of $745.14 million, with estimates ranging from $602.92 million to $798.72 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Hi-Crush.

A number of equities research analysts have recently issued reports on HCR shares. Zacks Investment Research lowered shares of Hi-Crush from a “hold” rating to a “strong sell” rating in a report on Thursday, June 6th. AltaCorp Capital lowered shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a report on Tuesday, July 30th. Piper Jaffray Companies set a $2.00 price target on shares of Hi-Crush and gave the company a “hold” rating in a report on Monday, August 12th. Finally, ValuEngine upgraded shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st.

In other news, CEO Robert E. Rasmus purchased 100,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $1.63 per share, for a total transaction of $163,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael A. Oehlert acquired 56,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was bought at an average price of $1.77 per share, for a total transaction of $99,120.00. The disclosure for this purchase can be found here. Insiders have bought 181,000 shares of company stock worth $302,620 in the last 90 days. 34.80% of the stock is owned by company insiders.

Shares of HCR stock traded down $0.02 during trading hours on Friday, reaching $1.74. 604,700 shares of the stock traded hands, compared to its average volume of 1,045,661. Hi-Crush has a 1-year low of $1.55 and a 1-year high of $12.90. The firm has a fifty day moving average of $2.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.29 and a quick ratio of 1.03. The firm has a market capitalization of $185.28 million, a price-to-earnings ratio of 1.17 and a beta of 1.93.

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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Earnings History and Estimates for Hi-Crush (NYSE:HCR)

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