$0.55 Earnings Per Share Expected for U.S. Silica Holdings Inc (SLCA) This Quarter

Wall Street analysts predict that U.S. Silica Holdings Inc (NYSE:SLCA) will post earnings of $0.55 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for U.S. Silica’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.51. U.S. Silica reported earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 711.1%. The firm is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 21st.

On average, analysts expect that U.S. Silica will report full-year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.58. For the next financial year, analysts forecast that the company will post earnings of $3.34 per share, with EPS estimates ranging from $2.67 to $3.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover U.S. Silica.

A number of brokerages have recently weighed in on SLCA. R. F. Lafferty began coverage on U.S. Silica in a research report on Wednesday, January 17th. They set a “buy” rating and a $52.00 target price on the stock. Cowen set a $45.00 target price on U.S. Silica and gave the stock a “buy” rating in a research report on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of U.S. Silica in a research report on Tuesday, January 9th. Royal Bank of Canada set a $44.00 target price on U.S. Silica and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research lowered U.S. Silica from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.76.

In related news, EVP Bradford B. Casper sold 8,700 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.21, for a total value of $297,627.00. Following the completion of the sale, the executive vice president now directly owns 18,593 shares of the company’s stock, valued at approximately $636,066.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles W. Shaver purchased 3,300 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $33.99 per share, with a total value of $112,167.00. Following the completion of the transaction, the director now directly owns 29,829 shares in the company, valued at approximately $1,013,887.71. The disclosure for this purchase can be found here. Insiders purchased a total of 7,900 shares of company stock valued at $256,063 over the last three months. 1.00% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. ARP Americas LP purchased a new stake in shares of U.S. Silica during the 4th quarter valued at $322,000. HAP Trading LLC increased its position in shares of U.S. Silica by 40.5% during the 4th quarter. HAP Trading LLC now owns 21,575 shares of the mining company’s stock valued at $702,000 after purchasing an additional 6,224 shares during the last quarter. Royce & Associates LP increased its position in shares of U.S. Silica by 17.1% during the 4th quarter. Royce & Associates LP now owns 309,656 shares of the mining company’s stock valued at $10,082,000 after purchasing an additional 45,300 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of U.S. Silica by 9.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 52,820 shares of the mining company’s stock valued at $1,720,000 after purchasing an additional 4,736 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of U.S. Silica by 5.2% during the 4th quarter. BlackRock Inc. now owns 10,676,019 shares of the mining company’s stock valued at $347,610,000 after purchasing an additional 530,193 shares during the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

U.S. Silica (NYSE SLCA) opened at $29.00 on Monday. The stock has a market capitalization of $2,360.00, a P/E ratio of 36.25 and a beta of 2.15. U.S. Silica has a twelve month low of $24.26 and a twelve month high of $61.49. The company has a current ratio of 3.67, a quick ratio of 3.26 and a debt-to-equity ratio of 0.39.

U.S. Silica announced that its board has approved a share repurchase plan on Monday, November 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the mining company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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U.S. Silica Company Profile

U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.

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