Zacks: Analysts Anticipate U.S. Silica Holdings Inc (NYSE:SLCA) Will Post Quarterly Sales of $413.02 Million

Brokerages expect U.S. Silica Holdings Inc (NYSE:SLCA) to report sales of $413.02 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for U.S. Silica’s earnings, with estimates ranging from $405.00 million to $420.00 million. U.S. Silica posted sales of $423.17 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The business is expected to issue its next earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that U.S. Silica will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.54 billion to $1.61 billion. For the next financial year, analysts expect that the company will post sales of $1.63 billion, with estimates ranging from $1.39 billion to $1.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover U.S. Silica.

U.S. Silica (NYSE:SLCA) last posted its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.19. U.S. Silica had a positive return on equity of 6.49% and a negative net margin of 16.92%. The company had revenue of $394.85 million during the quarter, compared to analysts’ expectations of $396.72 million. During the same period in the prior year, the business earned $0.64 earnings per share. U.S. Silica’s revenue for the quarter was down 7.6% compared to the same quarter last year.



SLCA has been the subject of several research reports. Morgan Stanley increased their price objective on U.S. Silica from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, July 12th. Cowen reaffirmed an “outperform” rating and issued a $20.00 target price (down from $22.00) on shares of U.S. Silica in a research report on Thursday, May 2nd. Bank of America set a $15.00 target price on U.S. Silica and gave the stock a “sell” rating in a research report on Thursday, May 2nd. ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Citigroup set a $14.00 target price on U.S. Silica and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.50.

A number of institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in shares of U.S. Silica by 146.2% in the first quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock valued at $25,000 after buying an additional 864 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of U.S. Silica by 348.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock valued at $25,000 after buying an additional 1,500 shares in the last quarter. Investors Research Corp acquired a new stake in shares of U.S. Silica in the first quarter valued at $26,000. Avestar Capital LLC acquired a new stake in shares of U.S. Silica in the first quarter valued at $27,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of U.S. Silica by 31.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock valued at $33,000 after buying an additional 788 shares in the last quarter.

Shares of SLCA traded down $0.22 during mid-day trading on Thursday, hitting $11.86. The company’s stock had a trading volume of 1,166,300 shares, compared to its average volume of 1,719,637. U.S. Silica has a one year low of $9.30 and a one year high of $23.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.34 and a current ratio of 1.79. The firm has a market capitalization of $868.98 million, a PE ratio of 7.51, a price-to-earnings-growth ratio of 5.20 and a beta of 2.60. The stock’s 50-day moving average is $12.11 and its two-hundred day moving average is $13.68.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.25 annualized dividend and a yield of 2.12%. U.S. Silica’s dividend payout ratio is currently 15.82%.

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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Earnings History and Estimates for U.S. Silica (NYSE:SLCA)

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