Brokerages forecast that U.S. Silica Holdings Inc (NYSE:SLCA) will announce ($0.08) earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for U.S. Silica’s earnings. The highest EPS estimate is $0.13 and the lowest is ($0.21). U.S. Silica reported earnings per share of $0.51 in the same quarter last year, which would suggest a negative year over year growth rate of 115.7%. The company is scheduled to announce its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that U.S. Silica will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.50 to $1.75. For the next year, analysts forecast that the company will report earnings of $0.08 per share, with EPS estimates ranging from ($1.26) to $1.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow U.S. Silica.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings results on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.15). The firm had revenue of $423.17 million for the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a return on equity of 12.40% and a net margin of 8.05%. U.S. Silica’s revenue was up 22.7% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS.
SLCA has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on U.S. Silica from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Wells Fargo & Co initiated coverage on U.S. Silica in a research note on Saturday, September 15th. They issued a “buy” rating and a $24.00 target price on the stock. SunTrust Banks set a $28.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Barclays reduced their target price on U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Finally, Seaport Global Securities set a $16.00 target price on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.22.
In other news, COO Michael L. Winkler acquired 2,000 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $27,960.00. Following the acquisition, the chief operating officer now directly owns 47,290 shares in the company, valued at approximately $661,114.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Jennings Kacal acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were purchased at an average price of $11.29 per share, with a total value of $56,450.00. Following the completion of the acquisition, the director now owns 78,815 shares in the company, valued at $889,821.35. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC acquired a new stake in shares of U.S. Silica during the 3rd quarter worth $188,000. Tocqueville Asset Management L.P. purchased a new stake in U.S. Silica during the 3rd quarter worth $194,000. Private Advisor Group LLC purchased a new stake in U.S. Silica during the 2nd quarter worth $200,000. Jefferies Group LLC purchased a new stake in U.S. Silica during the 3rd quarter worth $209,000. Finally, OLD National Bancorp IN purchased a new stake in U.S. Silica during the 3rd quarter worth $213,000.
Shares of NYSE:SLCA opened at $12.46 on Friday. The company has a market cap of $954.94 million, a PE ratio of 8.31, a PEG ratio of 4.40 and a beta of 2.21. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.75. U.S. Silica has a 12 month low of $9.30 and a 12 month high of $38.42.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 4th. Shareholders of record on Friday, December 14th were issued a $0.0625 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.25 annualized dividend and a yield of 2.01%. U.S. Silica’s dividend payout ratio (DPR) is presently 16.67%.
U.S. Silica Company Profile
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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