FMSA Holdings Inc. (NYSE:FMSA) Given Average Recommendation of “Buy” by Analysts
Shares of FMSA Holdings Inc. (NYSE:FMSA) have been assigned a consensus rating of “Buy” from the twenty analysts that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $7.35.
A number of research analysts have commented on FMSA shares. Zacks Investment Research upgraded FMSA Holdings from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Tuesday, July 19th. Citigroup Inc. boosted their price objective on FMSA Holdings from $9.50 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Simmons upgraded FMSA Holdings to a “buy” rating and set a $8.00 price objective on the stock in a research note on Thursday, July 21st. Barclays PLC started coverage on FMSA Holdings in a research note on Wednesday, August 10th. They set an “equal weight” rating and a $9.00 price objective on the stock. Finally, Jefferies Group restated a “hold” rating and set a $8.00 price objective (up previously from $4.00) on shares of FMSA Holdings in a research note on Monday, July 11th.
Shares of FMSA Holdings (NYSE:FMSA) traded up 3.12% during mid-day trading on Wednesday, hitting $7.61. The company had a trading volume of 654,918 shares. FMSA Holdings has a 52-week low of $1.00 and a 52-week high of $8.83. The stock’s 50-day moving average is $7.54 and its 200-day moving average is $5.63. The stock’s market cap is $1.46 billion.
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FMSA Holdings (NYSE:FMSA) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.54) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.41. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $129.35 million. FMSA Holdings had a positive return on equity of 36.13% and a negative net margin of 41.85%. The company’s revenue for the quarter was down 48.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities analysts forecast that FMSA Holdings will post ($0.43) earnings per share for the current year.
In related news, Director Charles D. Fowler bought 1,666,666 shares of the stock in a transaction dated Tuesday, July 26th. The stock was bought at an average cost of $5.95 per share, with a total value of $9,916,662.70. Following the completion of the acquisition, the director now owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 16.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY bought a new position in FMSA Holdings during the second quarter valued at approximately $434,000. Panagora Asset Management Inc. raised its position in FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock valued at $912,000 after buying an additional 17,232 shares during the period. Emerald Acquisition Ltd. bought a new position in FMSA Holdings during the second quarter valued at approximately $1,026,000. Geode Capital Management LLC raised its position in FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock valued at $1,046,000 after buying an additional 28,917 shares during the period. Finally, California State Teachers Retirement System raised its position in FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock valued at $1,065,000 after buying an additional 2,546 shares during the period. 14.36% of the stock is owned by institutional investors.
FMSA Holdings Company Profile
Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.
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