Brokerages predict that U.S. Silica Holdings Inc (NYSE:SLCA) will post earnings of $0.64 per share for the current quarter, according to Zacks. Seven analysts have made estimates for U.S. Silica’s earnings, with estimates ranging from $0.48 to $0.84. U.S. Silica reported earnings of $0.53 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.8%. The firm is expected to report its next quarterly earnings report on Monday, November 5th.
On average, analysts expect that U.S. Silica will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.14 to $2.75. For the next fiscal year, analysts expect that the firm will report earnings of $2.21 per share, with EPS estimates ranging from $1.35 to $3.59. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover U.S. Silica.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.03). The company had revenue of $427.40 million during the quarter, compared to the consensus estimate of $455.35 million. U.S. Silica had a net margin of 10.79% and a return on equity of 13.14%. U.S. Silica’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share.
Several brokerages have recently weighed in on SLCA. Johnson Rice lowered shares of U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 price objective on the stock. in a research report on Monday, August 20th. Royal Bank of Canada lowered shares of U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 price objective on the stock. in a research report on Thursday, September 20th. B. Riley dropped their price objective on shares of U.S. Silica from $36.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, September 6th. Stifel Nicolaus began coverage on shares of U.S. Silica in a research report on Monday, September 10th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Citigroup dropped their price objective on shares of U.S. Silica from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, September 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. U.S. Silica has an average rating of “Hold” and an average target price of $32.74.
Shares of SLCA opened at $18.38 on Wednesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 12.25 and a beta of 2.16. U.S. Silica has a fifty-two week low of $17.91 and a fifty-two week high of $38.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.27 and a current ratio of 2.88.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Friday, September 14th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, September 13th. U.S. Silica’s dividend payout ratio is 16.67%.
In other U.S. Silica news, Director J Michael Stice purchased 5,414 shares of the stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average cost of $18.49 per share, with a total value of $100,104.86. Following the completion of the transaction, the director now owns 32,556 shares in the company, valued at $601,960.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradford B. Casper purchased 1,500 shares of the stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average cost of $18.96 per share, for a total transaction of $28,440.00. Following the completion of the transaction, the executive vice president now owns 18,552 shares of the company’s stock, valued at approximately $351,745.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 9,614 shares of company stock worth $178,565. 1.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its stake in U.S. Silica by 4.0% during the second quarter. Northern Trust Corp now owns 1,754,931 shares of the mining company’s stock worth $45,084,000 after buying an additional 67,546 shares in the last quarter. Energy Opportunities Capital Management LLC grew its stake in U.S. Silica by 11.7% during the second quarter. Energy Opportunities Capital Management LLC now owns 155,178 shares of the mining company’s stock worth $3,987,000 after buying an additional 16,305 shares in the last quarter. Verition Fund Management LLC acquired a new stake in U.S. Silica during the second quarter worth about $659,000. Glenmede Trust Co. NA grew its stake in U.S. Silica by 423.0% during the second quarter. Glenmede Trust Co. NA now owns 1,271,066 shares of the mining company’s stock worth $32,653,000 after buying an additional 1,028,013 shares in the last quarter. Finally, Dean Capital Management acquired a new stake in U.S. Silica during the second quarter worth about $1,530,000. Hedge funds and other institutional investors own 99.21% of the company’s stock.
About U.S. Silica
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
Read More: What Is An Exchange-Traded Fund (ETF)?
Get a free copy of the Zacks research report on U.S. Silica (SLCA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for U.S. Silica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica and related companies with MarketBeat.com's FREE daily email newsletter.