Fairmount Santrol Holdings Inc. (FMSA) Expected to Post Quarterly Sales of $283.59 Million
Wall Street analysts forecast that Fairmount Santrol Holdings Inc. (NYSE:FMSA) will announce $283.59 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Fairmount Santrol’s earnings, with the lowest sales estimate coming in at $274.00 million and the highest estimate coming in at $304.95 million. Fairmount Santrol posted sales of $140.53 million in the same quarter last year, which suggests a positive year over year growth rate of 101.8%. The company is scheduled to report its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Fairmount Santrol will report full-year sales of $283.59 million for the current financial year, with estimates ranging from $956.59 million to $985.95 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.24 billion per share, with estimates ranging from $1.09 billion to $1.31 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Fairmount Santrol.
Fairmount Santrol (NYSE:FMSA) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The firm had revenue of $280.05 million for the quarter, compared to the consensus estimate of $264.02 million. During the same period in the prior year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was up 107.8% on a year-over-year basis.
Shares of Fairmount Santrol (NYSE:FMSA) opened at $4.90 on Friday. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.52 and a quick ratio of 2.11. The company has a market cap of $1,100.00, a P/E ratio of 120.50 and a beta of 2.06.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new stake in Fairmount Santrol during the 3rd quarter worth $101,000. GSA Capital Partners LLP boosted its stake in Fairmount Santrol by 92.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares during the period. Principal Financial Group Inc. boosted its stake in Fairmount Santrol by 183.3% during the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 20,128 shares during the period. BB&T Securities LLC boosted its stake in Fairmount Santrol by 216.8% during the 2nd quarter. BB&T Securities LLC now owns 33,900 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 23,200 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in Fairmount Santrol by 80.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 12,400 shares during the period. 75.49% of the stock is currently owned by hedge funds and other institutional investors.
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Fairmount Santrol 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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