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.

FMSA has been the topic of a number of recent analyst reports. KeyCorp reissued an “overweight” rating and issued a $6.50 price objective on shares of Fairmount Santrol in a research report on Wednesday, October 4th. BidaskClub raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Royal Bank Of Canada set a $6.00 price objective on shares of Fairmount Santrol and gave the company a “buy” rating in a research report on Sunday, November 12th. Jefferies Group dropped their price objective on shares of Fairmount Santrol from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Finally, Zacks Investment Research raised shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.31.

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.

TRADEMARK VIOLATION WARNING: “Fairmount Santrol Holdings Inc. (FMSA) Expected to Post Quarterly Sales of $283.59 Million” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/03/fairmount-santrol-holdings-inc-fmsa-expected-to-post-quarterly-sales-of-283-59-million.html.

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.

Get a free copy of the Zacks research report on Fairmount Santrol (FMSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.