Analysts expect that U.S. Silica Holdings Inc (NYSE:SLCA) will report sales of $394.76 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for U.S. Silica’s earnings. The lowest sales estimate is $327.30 million and the highest is $538.00 million. U.S. Silica posted sales of $360.57 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The company is expected to announce its next quarterly earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that U.S. Silica will report full-year sales of $1.62 billion for the current fiscal year, with estimates ranging from $1.55 billion to $1.83 billion. For the next year, analysts forecast that the company will report sales of $1.71 billion, with estimates ranging from $1.53 billion to $2.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow U.S. Silica.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.15). The business had revenue of $423.17 million during the quarter, compared to analysts’ expectations of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. U.S. Silica’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS.
SLCA has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on U.S. Silica in a research report on Monday, September 10th. They issued a “buy” rating and a $26.00 price objective for the company. Wells Fargo & Co initiated coverage on U.S. Silica in a research report on Saturday, September 15th. They issued a “buy” rating and a $24.00 price objective for the company. Citigroup lowered their price objective on U.S. Silica from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, September 14th. Credit Suisse Group set a $29.00 price objective on U.S. Silica and gave the company a “buy” rating in a research report on Tuesday, August 28th. Finally, Zacks Investment Research cut U.S. Silica from a “hold” rating to a “strong sell” rating in a report on Monday, August 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.58.
In related news, COO Michael L. Winkler acquired 2,000 shares of U.S. Silica stock in a transaction on Friday, October 26th. The shares were bought at an average price of $13.98 per share, for a total transaction of $27,960.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradford B. Casper acquired 1,500 shares of U.S. Silica stock in a transaction on Friday, September 28th. The shares were bought at an average price of $18.96 per share, for a total transaction of $28,440.00. Following the purchase, the executive vice president now owns 18,552 shares of the company’s stock, valued at $351,745.92. The disclosure for this purchase can be found here. Insiders purchased 11,614 shares of company stock worth $206,525 in the last quarter. 1.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. lifted its stake in shares of U.S. Silica by 14.8% during the second quarter. Macquarie Group Ltd. now owns 933,066 shares of the mining company’s stock worth $23,970,000 after purchasing an additional 120,296 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of U.S. Silica by 17.0% during the first quarter. Royal Bank of Canada now owns 99,414 shares of the mining company’s stock worth $2,537,000 after purchasing an additional 14,476 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of U.S. Silica by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 516,202 shares of the mining company’s stock worth $13,262,000 after purchasing an additional 35,120 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in shares of U.S. Silica by 33.1% during the second quarter. Global Alpha Capital Management Ltd. now owns 243,200 shares of the mining company’s stock worth $6,248,000 after purchasing an additional 60,500 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of U.S. Silica during the second quarter worth about $8,275,000.
Shares of NYSE:SLCA traded down $0.27 during midday trading on Monday, reaching $14.20. The company’s stock had a trading volume of 3,481,119 shares, compared to its average volume of 3,677,806. The company has a market cap of $1.12 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.65 and a beta of 2.07. The company has a quick ratio of 2.15, a current ratio of 2.75 and a debt-to-equity ratio of 0.98. U.S. Silica has a 1 year low of $12.89 and a 1 year high of $38.70.
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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