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Solaris Energy Infrastructure (NASDAQ:SEI) Posts Earnings Results, Misses Expectations By $0.06 EPS

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Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. Solaris Energy Infrastructure had a net margin of 7.04% and a return on equity of 9.04%. The firm had revenue of $75.02 million during the quarter, compared to analysts' expectations of $76.50 million. During the same quarter in the prior year, the firm posted $0.19 EPS.

Solaris Energy Infrastructure Stock Performance

SEI stock traded up $0.43 during midday trading on Tuesday, hitting $14.06. The company's stock had a trading volume of 1,319,574 shares, compared to its average volume of 370,251. The stock has a market capitalization of $618.64 million, a PE ratio of 21.97 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. Solaris Energy Infrastructure has a 52-week low of $6.59 and a 52-week high of $15.18.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their price target on shares of Solaris Energy Infrastructure from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, October 11th.

View Our Latest Stock Analysis on Solaris Energy Infrastructure

About Solaris Energy Infrastructure

(Get Free Report)

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.

Further Reading

Earnings History for Solaris Energy Infrastructure (NASDAQ:SEI)

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