$0.36 EPS Expected for U.S. Silica Holdings, Inc. (SLCA) This Quarter
Analysts expect U.S. Silica Holdings, Inc. (NYSE:SLCA) to post $0.36 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for U.S. Silica Holdings’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.39. U.S. Silica Holdings posted earnings of ($0.17) per share during the same quarter last year, which suggests a positive year over year growth rate of 311.8%. The business is scheduled to report its next earnings results after the market closes on Monday, July 31st.
According to Zacks, analysts expect that U.S. Silica Holdings will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.43 to $1.96. For the next financial year, analysts anticipate that the business will report earnings of $3.91 per share, with EPS estimates ranging from $3.23 to $4.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow U.S. Silica Holdings.
U.S. Silica Holdings (NYSE:SLCA) last released its earnings results on Monday, April 24th. The mining company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $236.88 million. U.S. Silica Holdings had a negative net margin of 4.07% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 99.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) earnings per share.
Several analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $70.00 target price on shares of U.S. Silica Holdings in a report on Tuesday, April 11th. Simmons raised their target price on shares of U.S. Silica Holdings from $63.50 to $64.50 and gave the stock an “overweight” rating in a report on Tuesday, April 11th. Scotiabank set a $76.00 target price on shares of U.S. Silica Holdings and gave the stock a “buy” rating in a report on Saturday, April 1st. Zacks Investment Research downgraded shares of U.S. Silica Holdings from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Finally, Barclays PLC downgraded shares of U.S. Silica Holdings from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $56.00 to $45.00 in a report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $54.44.
U.S. Silica Holdings (NYSE:SLCA) traded up 1.19% on Thursday, hitting $28.82. 3,317,721 shares of the stock traded hands. The stock’s market capitalization is $2.34 billion. The company’s 50 day moving average price is $33.42 and its 200-day moving average price is $44.33. U.S. Silica Holdings has a 12-month low of $26.35 and a 12-month high of $61.49.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.063 per share. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.87%. U.S. Silica Holdings’s dividend payout ratio (DPR) is currently -59.52%.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of U.S. Silica Holdings by 64,463.2% in the first quarter. BlackRock Inc. now owns 9,076,290 shares of the mining company’s stock valued at $435,571,000 after buying an additional 9,062,232 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in U.S. Silica Holdings by 111.1% in the second quarter. Van Berkom & Associates Inc. now owns 1,777,081 shares of the mining company’s stock worth $63,069,000 after buying an additional 935,430 shares in the last quarter. Jennison Associates LLC increased its stake in U.S. Silica Holdings by 150.3% in the first quarter. Jennison Associates LLC now owns 1,110,609 shares of the mining company’s stock worth $53,298,000 after buying an additional 666,831 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in U.S. Silica Holdings during the second quarter worth $22,977,000. Finally, Norges Bank purchased a new stake in U.S. Silica Holdings during the fourth quarter worth $26,283,000.
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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.
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