Brokerages expect Fairmount Santrol Holdings Inc (NYSE:FMSA) to report earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Fairmount Santrol’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. Fairmount Santrol posted earnings of ($0.11) per share in the same quarter last year, which would indicate a positive year over year growth rate of 227.3%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, March 8th.
On average, analysts expect that Fairmount Santrol will report full year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.31. For the next year, analysts expect that the company will report earnings of $0.54 per share, with EPS estimates ranging from $0.35 to $0.73. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Fairmount Santrol.
Several analysts have issued reports on the company. TheStreet raised Fairmount Santrol from a “d+” rating to a “c-” rating in a research note on Tuesday, November 21st. B. Riley reissued a “neutral” rating and issued a $6.00 price target on shares of Fairmount Santrol in a research note on Wednesday, December 6th. Cowen set a $6.00 price target on Fairmount Santrol and gave the company a “buy” rating in a research note on Thursday, January 11th. Scotia Howard Weill reissued a “sector perform” rating on shares of Fairmount Santrol in a research note on Friday, January 12th. Finally, Zacks Investment Research downgraded Fairmount Santrol from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.95.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Fairmount Santrol by 96.0% during the third quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock worth $6,762,000 after purchasing an additional 692,814 shares during the period. Boston Partners bought a new position in Fairmount Santrol during the third quarter worth about $3,879,000. The Manufacturers Life Insurance Company grew its holdings in Fairmount Santrol by 68.0% during the second quarter. The Manufacturers Life Insurance Company now owns 124,316 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 50,298 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Fairmount Santrol by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 634,392 shares of the industrial products company’s stock worth $3,033,000 after purchasing an additional 32,017 shares during the period. Finally, Ninepoint Partners LP bought a new position in Fairmount Santrol during the third quarter worth about $1,864,000. Institutional investors own 73.21% of the company’s stock.
Fairmount Santrol (NYSE:FMSA) traded up $0.13 on Friday, hitting $4.80. The company’s stock had a trading volume of 2,840,000 shares, compared to its average volume of 3,000,000. Fairmount Santrol has a 1 year low of $2.46 and a 1 year high of $10.65. The firm has a market cap of $1,080.00, a P/E ratio of 96.00 and a beta of 2.05. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11.
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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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