Wall Street brokerages expect U.S. Silica Holdings Inc (NYSE:SLCA) to announce sales of $325.35 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for U.S. Silica’s earnings, with the highest sales estimate coming in at $365.50 million and the lowest estimate coming in at $301.80 million. U.S. Silica reported sales of $357.38 million during the same quarter last year, which would suggest a negative year over year growth rate of 9%. The firm is expected to issue its next earnings report on Tuesday, February 18th.
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On average, analysts expect that U.S. Silica will report full year sales of $1.46 billion for the current financial year, with estimates ranging from $1.43 billion to $1.54 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.38 billion, with estimates ranging from $1.26 billion to $1.58 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 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 research firms recently weighed in on SLCA. Piper Jaffray Companies lowered shares of U.S. Silica from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $10.50 to $5.50 in a research report on Wednesday, October 30th. Morgan Stanley lowered their price objective on shares of U.S. Silica from $15.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, October 7th. Citigroup raised their target price on U.S. Silica from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. 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. Finally, R. F. Lafferty downgraded U.S. Silica from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $8.00 in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.08.
In other U.S. Silica news, Director Charles W. Shaver bought 10,000 shares of U.S. Silica stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $5.37 per share, with a total value of $53,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of U.S. Silica by 348.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock worth $25,000 after buying an additional 1,500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of U.S. Silica by 81.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock worth $41,000 after buying an additional 1,450 shares during the last quarter. FMR LLC raised its stake in shares of U.S. Silica by 624.3% during the 1st quarter. FMR LLC now owns 4,230 shares of the mining company’s stock worth $73,000 after buying an additional 3,646 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of U.S. Silica by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,639 shares of the mining company’s stock worth $72,000 after buying an additional 1,269 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in U.S. Silica in the 2nd quarter valued at about $139,000. 98.69% of the stock is owned by institutional investors and hedge funds.
NYSE:SLCA traded up $0.17 during midday trading on Thursday, reaching $5.64. The stock had a trading volume of 1,933,860 shares, compared to its average volume of 1,877,918. The firm has a fifty day simple moving average of $7.78 and a two-hundred day simple moving average of $10.99. U.S. Silica has a 12-month low of $4.40 and a 12-month high of $18.72. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 1.34. The stock has a market cap of $375.93 million, a P/E ratio of 3.57 and a beta of 2.52.
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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