Analysts expect that U.S. Silica Holdings Inc (NYSE:SLCA) will announce earnings of ($0.14) per share for the current quarter, according to Zacks. Seven analysts have provided estimates for U.S. Silica’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.22). U.S. Silica posted earnings per share of $0.54 during the same quarter last year, which would indicate a negative year over year growth rate of 125.9%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, May 1st.
According to Zacks, analysts expect that U.S. Silica will report full-year earnings of ($0.08) per share for the current financial year, with EPS estimates ranging from ($0.26) to $0.30. For the next fiscal year, analysts expect that the business will post earnings of $0.50 per share, with EPS estimates ranging from ($0.29) to $1.10. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for U.S. Silica.
U.S. Silica (NYSE:SLCA) last announced its earnings results on Tuesday, February 19th. The mining company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $357.38 million for the quarter, compared to the consensus estimate of $372.00 million. U.S. Silica had a negative net margin of 12.73% and a positive return on equity of 12.55%. U.S. Silica’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of U.S. Silica from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Bank of America set a $15.00 target price on shares of U.S. Silica and gave the company a “sell” rating in a research note on Wednesday, February 20th. Cowen reaffirmed an “outperform” rating and issued a $23.00 target price (up from $17.00) on shares of U.S. Silica in a research note on Wednesday, February 20th. Stifel Nicolaus set a $18.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, B. Riley set a $19.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a research note on Friday, February 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.71.
Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. bought a new position in shares of U.S. Silica in the fourth quarter worth approximately $25,000. Oregon Public Employees Retirement Fund bought a new position in shares of U.S. Silica in the fourth quarter worth approximately $29,000. Public Employees Retirement System of Ohio grew its holdings in shares of U.S. Silica by 31.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock worth $33,000 after purchasing an additional 788 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of U.S. Silica in the fourth quarter worth approximately $37,000. Finally, Private Advisor Group LLC bought a new position in shares of U.S. Silica in the fourth quarter worth approximately $102,000.
SLCA remained flat at $$17.73 on Friday. 906,084 shares of the company were exchanged, compared to its average volume of 1,577,129. The stock has a market capitalization of $1.30 billion, a P/E ratio of 11.22 and a beta of 2.42. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.30 and a quick ratio of 1.68. U.S. Silica has a 1-year low of $9.30 and a 1-year high of $34.34.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.063 per share. The ex-dividend date was Wednesday, March 13th. This is an increase from U.S. Silica’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a dividend yield of 1.42%. U.S. Silica’s dividend payout ratio (DPR) is 15.82%.
U.S. Silica Company Profile
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, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
Further Reading: Limitations of the P/E Growth ratio
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