Equities analysts forecast that Fairmount Santrol Holdings Inc. (NYSE:FMSA) will post $264.57 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Fairmount Santrol Holdings’ earnings, with estimates ranging from $256.70 million to $275.19 million. Fairmount Santrol Holdings posted sales of $134.78 million in the same quarter last year, which would indicate a positive year over year growth rate of 96.3%. The business is scheduled to issue its next earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Fairmount Santrol Holdings will report full-year sales of $264.57 million for the current year, with estimates ranging from $932.00 million to $985.95 million. For the next year, analysts forecast that the company will report sales of $1.23 billion per share, with estimates ranging from $1.14 billion to $1.28 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Fairmount Santrol Holdings.

Fairmount Santrol Holdings (NYSE:FMSA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Fairmount Santrol Holdings had a negative return on equity of 24.37% and a negative net margin of 6.11%. The company had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $231.16 million. During the same period last year, the business posted ($0.54) earnings per share. The firm’s quarterly revenue was up 104.2% compared to the same quarter last year.

FMSA has been the topic of a number of recent analyst reports. Northcoast Research raised Fairmount Santrol Holdings from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Jefferies Group LLC reduced their price objective on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Credit Suisse Group lowered Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $12.00 to $4.00 in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) lowered Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $11.00 to $2.00 in a research note on Thursday, July 20th. Finally, Citigroup Inc. boosted their price objective on Fairmount Santrol Holdings from $4.25 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.79.

Several institutional investors and hedge funds have recently modified their holdings of FMSA. UBS Asset Management Americas Inc. lifted its stake in shares of Fairmount Santrol Holdings by 47.9% during the first quarter. UBS Asset Management Americas Inc. now owns 69,148 shares of the industrial products company’s stock valued at $507,000 after acquiring an additional 22,409 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Fairmount Santrol Holdings by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 434,921 shares of the industrial products company’s stock valued at $3,188,000 after acquiring an additional 73,850 shares during the period. American International Group Inc. lifted its stake in shares of Fairmount Santrol Holdings by 45.4% during the first quarter. American International Group Inc. now owns 55,080 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 17,211 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Fairmount Santrol Holdings by 90.4% during the first quarter. Alliancebernstein L.P. now owns 147,220 shares of the industrial products company’s stock valued at $1,079,000 after acquiring an additional 69,900 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Fairmount Santrol Holdings by 1,333.9% during the first quarter. Wellington Management Group LLP now owns 443,535 shares of the industrial products company’s stock valued at $3,251,000 after acquiring an additional 412,604 shares during the period. 83.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fairmount Santrol Holdings (FMSA) opened at 3.64 on Wednesday. The company’s market capitalization is $815.65 million. Fairmount Santrol Holdings has a 52 week low of $2.46 and a 52 week high of $13.12. The company’s 50 day moving average is $4.08 and its 200-day moving average is $4.13.

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About Fairmount Santrol Holdings

Fairmount Santrol Holdings Inc is a provider of 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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