Fairmount Santrol Holdings Inc. (FMSA) Releases Earnings Results, Beats Estimates By $0.02 EPS
Fairmount Santrol Holdings Inc. (NYSE:FMSA) issued its earnings results on Thursday. The industrial products company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, Briefing.com reports. Fairmount Santrol Holdings had a return on equity of 4.24% and a net margin of 1.69%. The company had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. Fairmount Santrol Holdings’s revenue for the quarter was up 107.8% on a year-over-year basis.
Shares of Fairmount Santrol Holdings (NYSE FMSA) traded up $0.40 during trading hours on Friday, reaching $4.60. The company’s stock had a trading volume of 3,738,326 shares, compared to its average volume of 4,571,853. The company has a market cap of $1,030.77, a P/E ratio of 115.00 and a beta of 2.06. The company has a debt-to-equity ratio of 3.05, a current ratio of 3.29 and a quick ratio of 2.75. Fairmount Santrol Holdings has a 52-week low of $2.46 and a 52-week high of $13.12.
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Several equities research analysts recently issued reports on FMSA shares. Jefferies Group LLC decreased their price target on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 28th. Credit Suisse Group downgraded Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $12.00 to $4.00 in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) downgraded Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $11.00 to $2.00 in a report on Thursday, July 20th. Citigroup Inc. upped their price target on Fairmount Santrol Holdings from $4.25 to $6.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Fairmount Santrol Holdings in a report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.85.
Fairmount Santrol Holdings Company Profile
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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