Zacks: Analysts Expect Hi-Crush Inc. (NYSE:HCR) Will Post Quarterly Sales of $170.05 Million

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

According to Zacks, analysts expect that Hi-Crush will report full-year sales of $667.84 million for the current year, with estimates ranging from $641.41 million to $682.00 million. For the next financial year, analysts anticipate that the company 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 research firms that cover Hi-Crush.

Hi-Crush (NYSE:HCR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $170.08 million. Hi-Crush had a negative net margin of 14.99% and a positive return on equity of 1.87%.

A number of analysts have recently weighed in on the stock. AltaCorp Capital downgraded shares of Hi-Crush from a “sector perform” rating to an “underperform” rating in a report on Tuesday, July 30th. ValuEngine upgraded shares of Hi-Crush from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. TheStreet downgraded shares of Hi-Crush from a “c-” rating to a “d” rating in a report on Tuesday, September 3rd. Piper Jaffray Companies set a $2.00 price target on Hi-Crush and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research cut Hi-Crush from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. Hi-Crush has a consensus rating of “Sell” and a consensus target price of $2.00.

HCR stock traded up $0.21 during trading on Friday, hitting $1.99. 1,490,257 shares of the company’s stock traded hands, compared to its average volume of 1,037,521. Hi-Crush has a 52 week low of $1.27 and a 52 week high of $12.90. The firm has a market capitalization of $163.13 million, a PE ratio of 1.34 and a beta of 1.95. The firm has a fifty day simple moving average of $1.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.29 and a quick ratio of 1.03.

About Hi-Crush

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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