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.
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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.
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