B. Riley Reaffirms “Hold” Rating for Fairmount Santrol (FMSA)

B. Riley reissued their hold rating on shares of Fairmount Santrol (NYSE:FMSA) in a research report sent to investors on Wednesday morning. B. Riley currently has a $6.00 price target on the industrial products company’s stock. B. Riley also issued estimates for Fairmount Santrol’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.58 EPS and FY2019 earnings at $0.53 EPS.

A number of other research analysts also recently weighed in on FMSA. Seaport Global Securities began coverage on shares of Fairmount Santrol in a report on Friday, December 8th. They set a buy rating and a $8.00 price target on the stock. TheStreet upgraded shares of Fairmount Santrol from a d+ rating to a c- rating in a report on Tuesday, November 21st. BidaskClub upgraded shares of Fairmount Santrol from a hold rating to a buy rating in a report on Wednesday, September 27th. ValuEngine upgraded shares of Fairmount Santrol from a sell rating to a hold rating in a report on Friday, December 1st. Finally, Cowen set a $6.00 price target on shares of Fairmount Santrol and gave the company a buy rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $5.73.

Shares of Fairmount Santrol (FMSA) opened at $5.18 on Wednesday. The stock has a market cap of $1,156.32, a price-to-earnings ratio of 129.00 and a beta of 2.11. Fairmount Santrol has a 52 week low of $2.46 and a 52 week high of $13.12. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52.

Fairmount Santrol (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $280.05 million during the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company’s revenue for the quarter was up 107.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. equities research analysts expect that Fairmount Santrol will post 0.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in FMSA. ING Groep NV bought a new position in Fairmount Santrol in the 3rd quarter worth $24,846,000. Elliott Management Corp bought a new position in shares of Fairmount Santrol during the 2nd quarter worth about $18,720,000. Think Investments LP bought a new position in shares of Fairmount Santrol during the 3rd quarter worth about $17,643,000. State Street Corp increased its holdings in shares of Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after purchasing an additional 1,540,859 shares during the period. Finally, Gotham Asset Management LLC bought a new position in shares of Fairmount Santrol during the 2nd quarter worth about $5,690,000. Hedge funds and other institutional investors own 75.37% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/16/b-riley-reaffirms-hold-rating-for-fairmount-santrol-fmsa.html.

Fairmount Santrol Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Analyst Recommendations for Fairmount Santrol (NYSE:FMSA)

Receive News & Ratings for Fairmount Santrol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply