Research Analysts Set Expectations for Fairmount Santrol Holdings Inc’s Q2 2018 Earnings (FMSA)

Fairmount Santrol Holdings Inc (NYSE:FMSA) – Research analysts at Jefferies Group boosted their Q2 2018 earnings per share estimates for shares of Fairmount Santrol in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Handler now expects that the industrial products company will post earnings per share of $0.17 for the quarter, up from their prior estimate of $0.16.

FMSA has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Scotia Howard Weill restated a “sector perform” rating on shares of Fairmount Santrol in a report on Friday, January 12th. Howard Weil downgraded shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Cowen set a $6.00 price objective on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Piper Jaffray Companies set a $6.00 price objective on shares of Fairmount Santrol and gave the stock a “buy” rating in a report on Monday, January 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.95.

Fairmount Santrol (NYSE FMSA) opened at $5.21 on Monday. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65. Fairmount Santrol has a 12-month low of $2.46 and a 12-month high of $13.02. The firm has a market cap of $1,167.52, a PE ratio of 86.83 and a beta of 2.05.

Several institutional investors and hedge funds have recently bought and sold shares of FMSA. Schwab Charles Investment Management Inc. increased its stake in shares of Fairmount Santrol by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 602,375 shares of the industrial products company’s stock worth $2,350,000 after purchasing an additional 65,926 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Fairmount Santrol by 168.7% in the second quarter. Alliancebernstein L.P. now owns 395,620 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 248,400 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Fairmount Santrol by 69.9% in the second quarter. Teachers Advisors LLC now owns 423,368 shares of the industrial products company’s stock worth $1,651,000 after purchasing an additional 174,169 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Fairmount Santrol by 52.3% in the second quarter. TIAA CREF Investment Management LLC now owns 467,658 shares of the industrial products company’s stock worth $1,824,000 after purchasing an additional 160,553 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Fairmount Santrol by 63.9% in the second quarter. Nationwide Fund Advisors now owns 88,336 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 34,426 shares in the last quarter. Hedge funds and other institutional investors own 73.21% 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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