FY2017 Earnings Forecast for Fairmount Santrol Holdings Inc. (FMSA) Issued By KeyCorp
Fairmount Santrol Holdings Inc. (NYSE:FMSA) – Stock analysts at KeyCorp increased their FY2017 EPS estimates for Fairmount Santrol in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the industrial products company will earn $0.31 per share for the year, up from their previous forecast of $0.28. KeyCorp currently has a “Overweight” rating and a $6.50 target price on the stock. KeyCorp also issued estimates for Fairmount Santrol’s Q4 2017 earnings at $0.15 EPS, Q1 2018 earnings at $0.19 EPS and FY2018 earnings at $0.62 EPS.
Other research analysts have also recently issued reports about the company. TheStreet raised Fairmount Santrol from a “d+” rating to a “c-” rating in a research note on Tuesday, November 21st. B. Riley reaffirmed a “hold” rating and set a $6.00 price objective on shares of Fairmount Santrol in a research report on Wednesday. Zacks Investment Research cut Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, BidaskClub cut Fairmount Santrol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.39.
Fairmount Santrol (NYSE:FMSA) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The firm had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. During the same period in the previous year, the firm posted ($0.11) EPS. Fairmount Santrol’s revenue for the quarter was up 107.8% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. ING Groep NV purchased a new stake in Fairmount Santrol during the 3rd quarter valued at approximately $24,846,000. Elliott Management Corp purchased a new stake in Fairmount Santrol during the 2nd quarter valued at approximately $18,720,000. Think Investments LP purchased a new stake in Fairmount Santrol during the 3rd quarter valued at approximately $17,643,000. State Street Corp raised its stake in Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after acquiring an additional 1,540,859 shares during the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in Fairmount Santrol during the 2nd quarter valued at approximately $5,690,000. 75.37% of the stock is owned by institutional investors and hedge funds.
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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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