FMSA Holdings Inc. (FMSA) Earns Accumulate Rating from Analysts at Johnson Rice
Johnson Rice assumed coverage on shares of FMSA Holdings Inc. (NYSE:FMSA) in a research report released on Monday morning. The firm issued an accumulate rating and a $11.00 price objective on the stock.
A number of other equities research analysts have also recently commented on FMSA. DA Davidson cut FMSA Holdings from a buy rating to an underperform rating and set a $5.00 price target on the stock. in a report on Monday, June 13th. Citigroup Inc. initiated coverage on FMSA Holdings in a report on Thursday, July 7th. They set a buy rating and a $10.00 price target on the stock. Jefferies Group reissued a hold rating and set a $8.00 price target (up from $4.00) on shares of FMSA Holdings in a report on Monday, July 11th. Zacks Investment Research raised FMSA Holdings from a hold rating to a strong-buy rating and set a $10.00 price target on the stock in a report on Tuesday, July 12th. Finally, Wells Fargo & Co. raised FMSA Holdings from a market perform rating to an outperform rating in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. FMSA Holdings has a consensus rating of Buy and a consensus target price of $7.57.
Shares of FMSA Holdings (NYSE:FMSA) opened at 9.50 on Monday. FMSA Holdings has a 12-month low of $1.00 and a 12-month high of $9.86. The firm has a 50-day moving average price of $7.95 and a 200 day moving average price of $6.26. The stock’s market cap is $1.82 billion.
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FMSA Holdings (NYSE:FMSA) last posted its quarterly earnings results 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 business earned $114.20 million during the quarter, compared to analyst estimates of $129.35 million. The firm’s revenue for the quarter was down 48.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. Equities research analysts expect that FMSA Holdings will post ($0.42) earnings per share for the current year.
In other FMSA Holdings news, Director Charles D. Fowler bought 1,666,666 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was acquired at an average price of $5.95 per share, for a total transaction of $9,916,662.70. Following the completion of the transaction, the director now directly owns 1,705,132 shares of the company’s stock, valued at $10,145,535.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 16.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares during the last quarter. State Street Corp raised its stake in shares of FMSA Holdings by 1.3% in the first quarter. State Street Corp now owns 872,269 shares of the company’s stock worth $2,194,000 after buying an additional 11,165 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of FMSA Holdings by 17.1% in the second quarter. Panagora Asset Management Inc. now owns 118,265 shares of the company’s stock worth $912,000 after buying an additional 17,232 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FMSA Holdings by 7.5% in the first quarter. Geode Capital Management LLC now owns 416,889 shares of the company’s stock worth $1,046,000 after buying an additional 28,917 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of FMSA Holdings during the second quarter worth about $434,000. Hedge funds and other institutional investors own 14.36% of the company’s stock.
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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