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 (FMSA) opened at $5.09 on Thursday. Fairmount Santrol has a one year low of $2.46 and a one year high of $13.12. The company has a market capitalization of $1,145.11, a price-to-earnings ratio of 127.75 and a beta of 2.11. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

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.

Earnings History and Estimates for Fairmount Santrol (NYSE:FMSA)

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