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

Solaris Energy Infrastructure (NASDAQ:SEI) announced its earnings results 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. The company had revenue of $75.02 million for the quarter, compared to the consensus estimate of $76.50 million. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. During the same period last year, the business posted $0.19 EPS.

Solaris Energy Infrastructure Stock Performance

SEI traded up $0.04 during trading on Thursday, reaching $16.56. 91,190 shares of the company’s stock were exchanged, compared to its average volume of 370,996. Solaris Energy Infrastructure has a 1 year low of $6.59 and a 1 year high of $16.86. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $728.64 million, a PE ratio of 37.57 and a beta of 1.22.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 109.09%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEI. Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $15.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday. Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday.

About Solaris Energy Infrastructure

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.