Fairmount Santrol (NYSE:FMSA) has earned a consensus rating of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.95.
Several research analysts recently issued reports on FMSA shares. Piper Jaffray reaffirmed a “buy” rating and set a $6.15 target price on shares of Fairmount Santrol in a research report on Tuesday, December 26th. Howard Weil lowered Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Fairmount Santrol in a research report on Friday, January 12th. Cowen reaffirmed a “buy” rating and set a $6.00 target price on shares of Fairmount Santrol in a research report on Friday, March 9th. Finally, Zacks Investment Research raised Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th.
NYSE:FMSA traded up $0.05 during trading hours on Friday, hitting $5.30. 1,348,505 shares of the company were exchanged, compared to its average volume of 1,541,971. The firm has a market cap of $1,189.03, a P/E ratio of 22.08 and a beta of 2.17. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 2.28. Fairmount Santrol has a one year low of $2.46 and a one year high of $6.21.
Fairmount Santrol (NYSE:FMSA) last announced its earnings results on Thursday, March 8th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The company had revenue of $273.90 million for the quarter, compared to the consensus estimate of $279.50 million. Fairmount Santrol had a return on equity of 20.31% and a net margin of 5.60%. The firm’s revenue for the quarter was up 94.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) earnings per share. equities research analysts expect that Fairmount Santrol will post 0.67 EPS for the current year.
In other news, EVP Gerald L. Clancey sold 10,477 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.49, for a total value of $47,041.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jenniffer D. Deckard sold 6,450 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $4.46, for a total value of $28,767.00. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 56,600 shares of company stock valued at $240,570 and have sold 28,626 shares valued at $128,051. Company insiders own 9.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Fairmount Santrol by 96.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,414,470 shares of the industrial products company’s stock valued at $6,762,000 after purchasing an additional 692,814 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Fairmount Santrol by 42.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 981,509 shares of the industrial products company’s stock valued at $4,770,000 after purchasing an additional 292,285 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Fairmount Santrol by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 634,392 shares of the industrial products company’s stock valued at $3,033,000 after purchasing an additional 32,017 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Fairmount Santrol during the 3rd quarter valued at about $101,000. Finally, GSA Capital Partners LLP boosted its stake in Fairmount Santrol by 92.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 10,726 shares during the last quarter. Institutional investors own 74.74% of the company’s stock.
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Fairmount Santrol Company Profile
Fairmount Santrol Holdings Inc, together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe.
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