Brokerages expect U.S. Silica Holdings, Inc. (NYSE:SLCA) to post sales of $194.60 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for U.S. Silica’s earnings. The lowest sales estimate is $178.10 million and the highest is $211.10 million. U.S. Silica reported sales of $339.06 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 42.6%. The firm is scheduled to announce its next earnings results on Tuesday, February 23rd.
According to Zacks, analysts expect that U.S. Silica will report full-year sales of $813.20 million for the current year, with estimates ranging from $796.70 million to $829.70 million. For the next year, analysts expect that the company will post sales of $928.55 million, with estimates ranging from $797.30 million to $1.06 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover U.S. Silica.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Thursday, October 29th. The mining company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.19. U.S. Silica had a negative net margin of 36.80% and a negative return on equity of 0.91%. The firm had revenue of $176.50 million during the quarter, compared to analysts’ expectations of $177.42 million. During the same period last year, the company earned ($0.17) earnings per share. The business’s revenue was down 51.2% on a year-over-year basis.
A number of research analysts have recently weighed in on SLCA shares. Zacks Investment Research upgraded U.S. Silica from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Monday, December 14th. Smith Barney Citigroup raised shares of U.S. Silica from a “sell” rating to a “neutral” rating in a report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of U.S. Silica from a “sell” rating to a “neutral” rating and increased their target price for the company from $2.50 to $7.00 in a report on Tuesday, December 15th. B. Riley restated a “buy” rating on shares of U.S. Silica in a report on Friday, October 30th. Finally, ValuEngine lowered shares of U.S. Silica from a “buy” rating to a “hold” rating in a research note on Monday, November 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.34.
SLCA stock opened at $8.75 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.58 and a current ratio of 2.06. The business has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $4.30. The company has a market capitalization of $647.06 million, a P/E ratio of -1.53 and a beta of 2.88. U.S. Silica has a 52-week low of $0.79 and a 52-week high of $9.23.
In other news, COO Michael L. Winkler sold 6,000 shares of the company’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $6.55, for a total transaction of $39,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Derek Ussery sold 14,160 shares of the stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $7.36, for a total value of $104,217.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,160 shares of company stock worth $163,708. Corporate insiders own 1.90% of the company’s stock.
Large investors have recently modified their holdings of the business. Guggenheim Capital LLC purchased a new position in shares of U.S. Silica in the third quarter worth about $48,000. Public Employees Retirement System of Ohio grew its stake in U.S. Silica by 30.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,844 shares of the mining company’s stock valued at $54,000 after buying an additional 3,449 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in U.S. Silica by 402.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 15,666 shares of the mining company’s stock valued at $57,000 after acquiring an additional 12,551 shares during the period. Bank of Montreal Can raised its holdings in U.S. Silica by 111.8% during the 2nd quarter. Bank of Montreal Can now owns 17,643 shares of the mining company’s stock valued at $57,000 after acquiring an additional 9,312 shares during the period. Finally, Balyasny Asset Management LLC purchased a new stake in shares of U.S. Silica during the second quarter worth $58,000. Hedge funds and other institutional investors own 77.13% of the company’s stock.
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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