Analysts predict that Hi-Crush Inc. (NYSE:HCR) will report sales of $140.74 million for the current quarter, according to Zacks. Two analysts have made estimates for Hi-Crush’s earnings, with the highest sales estimate coming in at $148.00 million and the lowest estimate coming in at $133.48 million. Hi-Crush reported sales of $162.24 million in the same quarter last year, which indicates a negative year-over-year growth rate of 13.3%. The company is scheduled to issue its next earnings report on Tuesday, February 4th.
On average, analysts expect that Hi-Crush will report full year sales of $651.62 million for the current fiscal year, with estimates ranging from $644.36 million to $658.88 million. For the next financial year, analysts anticipate that the company will post sales of $608.73 million, with estimates ranging from $494.46 million to $723.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Hi-Crush.
Hi-Crush (NYSE:HCR) last announced its earnings results on Tuesday, November 5th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $172.97 million during the quarter, compared to analyst estimates of $167.86 million. Hi-Crush had a negative net margin of 59.74% and a negative return on equity of 3.18%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS.
Several research analysts have recently weighed in on HCR shares. AltaCorp Capital cut Hi-Crush from a “sector perform” rating to an “underperform” rating in a research report on Thursday, November 7th. Piper Jaffray Companies set a $2.00 target price on Hi-Crush and gave the company a “hold” rating in a research report on Monday, August 12th. TheStreet cut Hi-Crush from a “c-” rating to a “d” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine downgraded Hi-Crush from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of $2.00.
In other Hi-Crush news, CEO Robert E. Rasmus bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average price of $1.02 per share, with a total value of $51,000.00. Following the completion of the transaction, the chief executive officer now owns 216,044 shares in the company, valued at $220,364.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 34.80% of the company’s stock.
HCR opened at $0.69 on Friday. The firm has a market cap of $69.65 million, a P/E ratio of 0.46 and a beta of 1.82. The firm has a 50-day moving average price of $1.08. Hi-Crush has a 1 year low of $0.67 and a 1 year high of $5.52. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.47 and a quick ratio of 1.14.
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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