U.S. Silica Holdings, Inc. (NYSE:SLCA) Declares Dividend Increase – $0.06 Per Share
U.S. Silica Holdings, Inc. (NYSE:SLCA) announced a quarterly dividend on Monday, July 24th, Zacks reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.063 per share by the mining company on Tuesday, October 3rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06.
U.S. Silica Holdings has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect U.S. Silica Holdings to earn $3.73 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 6.7%.
Shares of U.S. Silica Holdings (NYSE:SLCA) opened at 26.95 on Tuesday. U.S. Silica Holdings has a 52-week low of $26.35 and a 52-week high of $61.49. The stock’s market capitalization is $2.19 billion. The stock has a 50 day moving average price of $33.95 and a 200-day moving average price of $44.66.
U.S. Silica Holdings (NYSE:SLCA) last issued its quarterly earnings data on Monday, April 24th. The mining company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. U.S. Silica Holdings had a negative return on equity of 1.94% and a negative net margin of 4.07%. The firm had revenue of $244.80 million during the quarter, compared to the consensus estimate of $236.88 million. During the same period in the previous year, the firm posted ($0.19) EPS. The company’s quarterly revenue was up 99.8% compared to the same quarter last year. On average, equities research analysts predict that U.S. Silica Holdings will post $1.66 EPS for the current fiscal year.
SLCA has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) lifted their target price on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Citigroup Inc. lowered their target price on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, June 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 target price on shares of U.S. Silica Holdings in a research note on Thursday, July 6th. Barclays PLC cut shares of U.S. Silica Holdings from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $56.00 to $45.00 in a research note on Friday, April 21st. Finally, Zacks Investment Research cut shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.25.
U.S. Silica Holdings Company Profile
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
Receive News & Ratings for U.S. Silica Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.