Analysts expect U.S. Silica Holdings Inc (NYSE:SLCA) to post $0.04 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued estimates for U.S. Silica’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at $0.83. U.S. Silica reported earnings of $0.51 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 92.2%. The firm is expected to report its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that U.S. Silica will report full-year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.50 to $1.75. For the next financial year, analysts expect that the company will report earnings of $0.84 per share, with EPS estimates ranging from ($0.40) to $3.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow U.S. Silica.
U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, October 23rd. The mining company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.15). The business had revenue of $423.17 million for the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share.
Several equities analysts recently issued reports on SLCA shares. Seaport Global Securities set a $16.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Stifel Nicolaus set a $17.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, October 24th. B. Riley set a $17.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Co started coverage on U.S. Silica in a research note on Saturday, September 15th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Piper Jaffray Companies set a $26.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.58.
In related news, Director J Michael Stice purchased 5,414 shares of U.S. Silica stock in a transaction on Friday, September 28th. The shares were bought at an average price of $18.49 per share, with a total value of $100,104.86. Following the transaction, the director now directly owns 32,556 shares of the company’s stock, valued at $601,960.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael L. Winkler purchased 2,000 shares of U.S. Silica stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $13.98 per share, for a total transaction of $27,960.00. Following the transaction, the chief operating officer now directly owns 47,290 shares in the company, valued at $661,114.20. The disclosure for this purchase can be found here. Insiders acquired a total of 11,614 shares of company stock worth $206,525 in the last ninety days. 1.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of SLCA. Cypress Capital Management LLC WY acquired a new stake in U.S. Silica in the 2nd quarter valued at about $183,000. Gabelli Funds LLC acquired a new stake in shares of U.S. Silica during the 3rd quarter worth about $188,000. Private Advisor Group LLC acquired a new stake in shares of U.S. Silica during the 2nd quarter worth about $200,000. WINTON GROUP Ltd acquired a new stake in shares of U.S. Silica during the 1st quarter worth about $204,000. Finally, OLD National Bancorp IN acquired a new stake in shares of U.S. Silica during the 3rd quarter worth about $213,000.
Shares of NYSE SLCA traded down $0.27 during mid-day trading on Friday, reaching $14.20. 3,481,119 shares of the company’s stock were exchanged, compared to its average volume of 3,677,806. The stock has a market cap of $1.12 billion, a PE ratio of 6.81, a P/E/G ratio of 0.65 and a beta of 2.07. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98. U.S. Silica has a 52-week low of $12.89 and a 52-week high of $38.70.
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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