United States Lime & Minerals (NASDAQ:USLM) Announces Earnings Results, Misses Estimates By $0.16 EPS

United States Lime & Minerals (NASDAQ:USLM) announced its quarterly earnings data on Friday. The construction company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.16), FiscalAI reports. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The business had revenue of $106.19 million during the quarter, compared to the consensus estimate of $122.00 million.

United States Lime & Minerals Price Performance

USLM stock opened at $111.61 on Friday. United States Lime & Minerals has a 1-year low of $96.27 and a 1-year high of $141.43. The business has a 50-day moving average price of $112.73 and a 200 day moving average price of $115.26. The company has a market capitalization of $3.20 billion, a P/E ratio of 24.39 and a beta of 0.66.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Insider Activity

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou bought 20,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the transaction, the insider owned 17,673,780 shares of the company’s stock, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Antoine M. Doumet sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the director directly owned 90,000 shares in the company, valued at $9,900,000. This trade represents a 18.18% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by corporate insiders.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.