U.S. Silica Holdings Inc (NYSE:SLCA) – Equities researchers at Seaport Global Securities decreased their FY2019 earnings per share estimates for shares of U.S. Silica in a research note issued to investors on Wednesday, May 1st. Seaport Global Securities analyst M. Urban now anticipates that the mining company will post earnings per share of $0.12 for the year, down from their previous estimate of $0.30. Seaport Global Securities currently has a “Buy” rating and a $21.00 price target on the stock. Seaport Global Securities also issued estimates for U.S. Silica’s Q1 2020 earnings at ($0.02) EPS and Q3 2020 earnings at $0.42 EPS.
U.S. Silica (NYSE:SLCA) last announced its earnings results on Wednesday, May 1st. The mining company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The firm had revenue of $378.75 million for the quarter, compared to analysts’ expectations of $354.83 million. U.S. Silica had a positive return on equity of 9.28% and a negative net margin of 15.85%. U.S. Silica’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS.
A number of other brokerages have also recently commented on SLCA. Bank of America set a $15.00 target price on U.S. Silica and gave the company a “sell” rating in a report on Wednesday, February 20th. TheStreet cut U.S. Silica from a “c” rating to a “d+” rating in a report on Monday, March 4th. Piper Jaffray Companies increased their target price on U.S. Silica to $17.00 and gave the company an “overweight” rating in a report on Wednesday, February 20th. Cowen reiterated an “outperform” rating and set a $23.00 target price (up previously from $17.00) on shares of U.S. Silica in a report on Wednesday, February 20th. Finally, Stifel Nicolaus set a $18.00 price target on U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.53.
Shares of NYSE:SLCA opened at $14.43 on Monday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 9.13 and a beta of 2.34. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.68 and a current ratio of 1.77. U.S. Silica has a one year low of $9.30 and a one year high of $34.34.
Institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its stake in shares of U.S. Silica by 44.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,269 shares of the mining company’s stock worth $339,000 after purchasing an additional 10,290 shares during the period. Texas Permanent School Fund raised its position in shares of U.S. Silica by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 50,722 shares of the mining company’s stock worth $516,000 after buying an additional 1,973 shares during the period. Macquarie Group Ltd. raised its position in shares of U.S. Silica by 10.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,396,691 shares of the mining company’s stock worth $14,218,000 after buying an additional 131,383 shares during the period. MetLife Investment Advisors LLC raised its position in shares of U.S. Silica by 41.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 54,451 shares of the mining company’s stock worth $1,025,000 after buying an additional 16,090 shares during the period. Finally, Welch & Forbes LLC purchased a new position in shares of U.S. Silica in the 4th quarter worth $742,000.
About U.S. Silica
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, 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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