U.S. Silica Holdings Inc (SLCA) Expected to Post Earnings of $0.04 Per Share

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.

Featured Story: Do Tariffs Work?

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

Earnings History and Estimates for U.S. Silica (NYSE:SLCA)

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.


Leave a Reply