U.S. Silica Holdings Given Average Rating of “Buy” by Analysts (NASDAQ:SLCA)
U.S. Silica Holdings (NASDAQ:SLCA) has received an average rating of “Buy” from the twelve analysts that are covering the stock, American Banking & Market News reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $60.09.
Several analysts have recently commented on the stock. Analysts at Howard Weil raised their price target on shares of U.S. Silica Holdings from $60.00 to $70.00 in a research note on Thursday, July 31st. They now have a “sector outperform” rating on the stock. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of U.S. Silica Holdings in a research note on Thursday, July 31st. They now have a $67.00 price target on the stock. Finally, analysts at Zacks upgraded shares of U.S. Silica Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $62.70 price target on the stock.
Shares of U.S. Silica Holdings (NASDAQ:SLCA) opened at 60.56 on Tuesday. U.S. Silica Holdings has a 1-year low of $21.72 and a 1-year high of $63.25. The stock has a 50-day moving average of $57.79 and a 200-day moving average of $45.10. The company has a market cap of $3.261 billion and a price-to-earnings ratio of 37.95.
U.S. Silica Holdings (NASDAQ:SLCA) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $205.80 million for the quarter, compared to the consensus estimate of $189.72 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, analysts predict that U.S. Silica Holdings will post $2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Monday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, September 11th.
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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