U.S. Silica Holdings Inc (NYSE:SLCA) – Research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of U.S. Silica in a report issued on Wednesday, October 17th. Jefferies Financial Group analyst S. Pant forecasts that the mining company will earn $0.48 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $20.00 target price on the stock. Jefferies Financial Group also issued estimates for U.S. Silica’s Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.40 EPS and Q4 2019 earnings at $0.19 EPS.
Several other brokerages also recently issued reports on SLCA. Credit Suisse Group raised their price target on U.S. Silica from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Wells Fargo & Co downgraded U.S. Silica from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a report on Friday, June 29th. Morgan Stanley downgraded U.S. Silica from an “overweight” rating to an “equal weight” rating and set a $43.00 price target for the company. in a report on Thursday, July 12th. Guggenheim downgraded U.S. Silica from a “buy” rating to a “neutral” rating in a report on Friday, July 6th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $46.00 price target on shares of U.S. Silica in a report on Thursday, August 2nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.84.
Shares of U.S. Silica stock opened at $16.17 on Thursday. U.S. Silica has a 1 year low of $16.13 and a 1 year high of $38.70. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 10.78 and a beta of 2.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.88 and a quick ratio of 2.27.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.03). U.S. Silica had a net margin of 10.79% and a return on equity of 13.14%. The business had revenue of $427.40 million for the quarter, compared to analyst estimates of $455.35 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 47.1% compared to the same quarter last year.
In other news, EVP Bradford B. Casper bought 1,500 shares of the company’s stock in a transaction dated Friday, September 28th. The stock was bought at an average price of $18.96 per share, with a total value of $28,440.00. Following the completion of the acquisition, the executive vice president now owns 18,552 shares of the company’s stock, valued at $351,745.92. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director J Michael Stice bought 5,414 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were purchased at an average cost of $18.49 per share, with a total value of $100,104.86. Following the acquisition, the director now directly owns 32,556 shares of the company’s stock, valued at approximately $601,960.44. The disclosure for this purchase can be found here. Insiders have bought 9,614 shares of company stock valued at $178,565 in the last three months. Insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of SLCA. Commonwealth Equity Services LLC raised its stake in U.S. Silica by 12.5% in the first quarter. Commonwealth Equity Services LLC now owns 19,412 shares of the mining company’s stock valued at $495,000 after purchasing an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC raised its stake in U.S. Silica by 11.1% in the second quarter. ClariVest Asset Management LLC now owns 26,100 shares of the mining company’s stock valued at $671,000 after purchasing an additional 2,600 shares in the last quarter. US Bancorp DE raised its stake in U.S. Silica by 11.7% in the second quarter. US Bancorp DE now owns 26,363 shares of the mining company’s stock valued at $677,000 after purchasing an additional 2,769 shares in the last quarter. Bruni J V & Co. Co. raised its stake in U.S. Silica by 0.8% in the second quarter. Bruni J V & Co. Co. now owns 421,847 shares of the mining company’s stock valued at $10,837,000 after purchasing an additional 3,367 shares in the last quarter. Finally, Raymond James & Associates raised its stake in U.S. Silica by 11.8% in the second quarter. Raymond James & Associates now owns 32,917 shares of the mining company’s stock valued at $846,000 after purchasing an additional 3,475 shares in the last quarter. 99.21% of the stock is owned by institutional investors.
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.
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