Wall Street brokerages forecast that U.S. Silica Holdings Inc (NYSE:SLCA) will announce sales of $369.96 million for the current quarter, Zacks reports. Five analysts have issued estimates for U.S. Silica’s earnings, with the highest sales estimate coming in at $376.80 million and the lowest estimate coming in at $362.00 million. U.S. Silica posted sales of $244.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 51.1%. The firm is expected to report its next earnings report before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that U.S. Silica will report full year sales of $369.96 million for the current financial year, with estimates ranging from $1.72 billion to $1.89 billion. For the next fiscal year, analysts expect that the company will post sales of $2.07 billion per share, with estimates ranging from $1.99 billion to $2.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover U.S. Silica.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The company had revenue of $360.57 million for the quarter, compared to analyst estimates of $359.17 million. U.S. Silica had a net margin of 11.70% and a return on equity of 9.32%.
A number of analysts have recently weighed in on SLCA shares. Cowen set a $45.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Thursday, January 11th. Citigroup lowered shares of U.S. Silica from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $28.00 in a research note on Thursday, February 22nd. Royal Bank of Canada set a $44.00 price objective on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of U.S. Silica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Piper Jaffray reiterated a “buy” rating on shares of U.S. Silica in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $43.36.
Shares of NYSE:SLCA traded up $0.01 during midday trading on Friday, reaching $25.24. The company’s stock had a trading volume of 664,677 shares, compared to its average volume of 2,598,280. The firm has a market capitalization of $2,032.02, a P/E ratio of 16.82 and a beta of 2.30. U.S. Silica has a twelve month low of $23.75 and a twelve month high of $50.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.29 and a quick ratio of 2.86.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, March 14th. U.S. Silica’s dividend payout ratio (DPR) is presently 16.67%.
In related news, Director William Jennings Kacal acquired 20,300 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $25.78 per share, with a total value of $523,334.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane K. Duren acquired 10,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $25.96 per share, for a total transaction of $259,600.00. Following the completion of the acquisition, the director now owns 12,168 shares of the company’s stock, valued at $315,881.28. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SLCA. BlackRock Inc. raised its position in shares of U.S. Silica by 5.2% in the fourth quarter. BlackRock Inc. now owns 10,676,019 shares of the mining company’s stock valued at $347,610,000 after buying an additional 530,193 shares during the last quarter. Ariel Investments LLC raised its position in shares of U.S. Silica by 2.5% in the fourth quarter. Ariel Investments LLC now owns 4,899,994 shares of the mining company’s stock valued at $159,544,000 after buying an additional 119,149 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of U.S. Silica by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,444,958 shares of the mining company’s stock valued at $47,047,000 after buying an additional 13,352 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of U.S. Silica by 19.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,435,705 shares of the mining company’s stock valued at $44,606,000 after buying an additional 237,041 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of U.S. Silica by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,123,024 shares of the mining company’s stock valued at $36,566,000 after buying an additional 137,653 shares during the last quarter. 99.26% of the stock is currently owned by institutional investors and hedge funds.
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About U.S. Silica
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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