Wall Street brokerages expect that U.S. Silica Holdings Inc (NYSE:SLCA) will post sales of $413.02 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for U.S. Silica’s earnings. The highest sales estimate is $420.00 million and the lowest is $405.00 million. U.S. Silica reported sales of $423.17 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The firm is scheduled to issue its next earnings results on Tuesday, October 22nd.
On average, analysts expect that U.S. Silica will report full year sales of $1.58 billion for the current financial year, with estimates ranging from $1.54 billion to $1.61 billion. For the next fiscal year, analysts expect that the business will post sales of $1.63 billion, with estimates ranging from $1.39 billion to $1.75 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for U.S. Silica.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.19. The firm had revenue of $394.85 million during the quarter, compared to analysts’ expectations of $396.72 million. U.S. Silica had a positive return on equity of 6.49% and a negative net margin of 16.92%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS.
Several equities analysts have weighed in on SLCA shares. ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Bank of America set a $15.00 price target on shares of U.S. Silica and gave the stock a “sell” rating in a research note on Thursday, May 2nd. Citigroup set a $14.00 price target on shares of U.S. Silica and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Morgan Stanley raised their price target on shares of U.S. Silica from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, July 12th. Finally, Cowen reaffirmed an “outperform” rating and set a $20.00 price target (down from $22.00) on shares of U.S. Silica in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. U.S. Silica presently has a consensus rating of “Hold” and an average price target of $21.50.
NYSE SLCA traded up $0.29 during midday trading on Thursday, hitting $12.43. The company had a trading volume of 1,435,418 shares, compared to its average volume of 2,524,772. The stock has a market cap of $893.26 million, a P/E ratio of 7.87, a PEG ratio of 4.96 and a beta of 2.60. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $12.11. U.S. Silica has a twelve month low of $9.30 and a twelve month high of $26.01.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.25 dividend on an annualized basis and a yield of 2.03%. U.S. Silica’s payout ratio is 15.82%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLCA. First Trust Advisors LP boosted its holdings in U.S. Silica by 46.4% in the first quarter. First Trust Advisors LP now owns 209,978 shares of the mining company’s stock worth $3,645,000 after purchasing an additional 66,514 shares during the period. White Pine Capital LLC bought a new stake in shares of U.S. Silica during the first quarter worth $495,000. Fort Point Capital Partners LLC bought a new stake in shares of U.S. Silica during the first quarter worth $207,000. Everence Capital Management Inc. bought a new position in U.S. Silica in the first quarter valued at about $237,000. Finally, Investors Research Corp bought a new position in U.S. Silica in the first quarter valued at about $26,000.
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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