U.S. Silica Holdings (SLCA) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS
U.S. Silica Holdings (NASDAQ:SLCA) released its earnings data on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05, Stock Ratings News reports. The company had revenue of $149.50 million for the quarter, compared to the consensus estimate of $150.79 million. During the same quarter in the previous year, the company posted $0.36 earnings per share.
U.S. Silica Holdings (NASDAQ:SLCA) traded down 1.31% during mid-day trading on Tuesday, hitting $31.68. The stock had a trading volume of 1,717,886 shares. U.S. Silica Holdings has a 1-year low of $18.12 and a 1-year high of $37.14. The stock’s 50-day moving average is $30.01 and its 200-day moving average is $29.76. The company has a market cap of $1.692 billion and a price-to-earnings ratio of 21.26.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, March 12th.
A number of research firms have recently commented on SLCA. Analysts at Wells Fargo & Co. upgraded shares of U.S. Silica Holdings from a “market perform” rating to an “outperform” rating in a research note on Monday, February 10th. On the ratings front, analysts at Zacks downgraded shares of U.S. Silica Holdings from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 6th. They now have a $25.50 price target on the stock. Finally, analysts at TheStreet upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $31.44.
US Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products.
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