Brokerages expect U.S. Silica Holdings Inc (NYSE:SLCA) to post sales of $325.35 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for U.S. Silica’s earnings. The lowest sales estimate is $301.80 million and the highest is $365.50 million. U.S. Silica posted sales of $357.38 million in the same quarter last year, which suggests a negative year over year growth rate of 9%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 18th.
On average, analysts expect that U.S. Silica will report full year sales of $1.46 billion for the current fiscal year, with estimates ranging from $1.43 billion to $1.54 billion. For the next year, analysts anticipate that the company will report sales of $1.38 billion, with estimates ranging from $1.26 billion to $1.58 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow U.S. Silica.
U.S. Silica (NYSE:SLCA) last posted its quarterly earnings data on Tuesday, October 29th. The mining company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). U.S. Silica had a negative net margin of 19.58% and a positive return on equity of 2.52%. The firm had revenue of $361.81 million during the quarter, compared to analysts’ expectations of $392.08 million. During the same quarter last year, the business earned $0.44 earnings per share. The business’s quarterly revenue was down 14.5% on a year-over-year basis.
A number of equities research analysts have commented on the company. ValuEngine raised U.S. Silica from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley reduced their target price on U.S. Silica from $15.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, October 7th. Johnson Rice downgraded U.S. Silica from an “accumulate” rating to a “hold” rating and reduced their target price for the company from $12.00 to $5.00 in a report on Tuesday, November 5th. Citigroup lifted their price target on U.S. Silica from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Finally, R. F. Lafferty downgraded U.S. Silica from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $8.00 in a research note on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. U.S. Silica presently has a consensus rating of “Hold” and an average price target of $15.08.
U.S. Silica stock traded up $0.17 during midday trading on Thursday, reaching $5.64. The company’s stock had a trading volume of 1,933,860 shares, compared to its average volume of 1,877,918. U.S. Silica has a fifty-two week low of $4.40 and a fifty-two week high of $18.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.69. The stock’s 50 day simple moving average is $7.78 and its 200 day simple moving average is $10.99. The firm has a market capitalization of $375.93 million, a PE ratio of 3.57 and a beta of 2.52.
In related news, Director Charles W. Shaver acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $5.37 per share, for a total transaction of $53,700.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SLCA. SG Americas Securities LLC purchased a new stake in U.S. Silica in the 3rd quarter valued at about $149,000. California Public Employees Retirement System grew its holdings in U.S. Silica by 23.1% in the 3rd quarter. California Public Employees Retirement System now owns 145,374 shares of the mining company’s stock valued at $1,390,000 after buying an additional 27,241 shares during the period. State of Tennessee Treasury Department grew its holdings in U.S. Silica by 4.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 226,974 shares of the mining company’s stock valued at $2,170,000 after buying an additional 10,684 shares during the period. Rhumbline Advisers grew its holdings in U.S. Silica by 6.6% in the 3rd quarter. Rhumbline Advisers now owns 243,254 shares of the mining company’s stock valued at $2,326,000 after buying an additional 15,119 shares during the period. Finally, Zeke Capital Advisors LLC grew its holdings in U.S. Silica by 88.5% in the 3rd quarter. Zeke Capital Advisors LLC now owns 44,071 shares of the mining company’s stock valued at $421,000 after buying an additional 20,687 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.
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.
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