Wall Street analysts expect that U.S. Silica Holdings Inc (NYSE:SLCA) will post $308.46 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for U.S. Silica’s earnings. The highest sales estimate is $317.49 million and the lowest is $301.80 million. U.S. Silica reported sales of $357.38 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.7%. The company is expected to issue its next earnings results on Tuesday, February 18th.
On average, analysts expect that U.S. Silica will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $1.42 billion to $1.45 billion. For the next year, analysts anticipate that the business will report sales of $1.36 billion, with estimates ranging from $1.25 billion to $1.52 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover U.S. Silica.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, October 29th. The mining company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.13). U.S. Silica had a positive return on equity of 2.52% and a negative net margin of 19.58%. The company had revenue of $361.81 million for the quarter, compared to analysts’ expectations of $392.08 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The company’s revenue was down 14.5% on a year-over-year basis.
In related news, Director Charles W. Shaver purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $5.37 per share, for a total transaction of $53,700.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders acquired 25,000 shares of company stock valued at $126,790. 2.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its holdings in U.S. Silica by 348.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,500 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in U.S. Silica by 81.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock worth $41,000 after buying an additional 1,450 shares in the last quarter. FMR LLC boosted its position in U.S. Silica by 624.3% in the 1st quarter. FMR LLC now owns 4,230 shares of the mining company’s stock valued at $73,000 after buying an additional 3,646 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in U.S. Silica by 29.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,639 shares of the mining company’s stock valued at $72,000 after buying an additional 1,269 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of U.S. Silica during the second quarter valued at about $139,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.
SLCA stock traded down $0.07 on Friday, hitting $4.87. 18,128 shares of the company were exchanged, compared to its average volume of 1,610,887. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.69 and a quick ratio of 1.21. The stock has a market capitalization of $362.69 million, a price-to-earnings ratio of 3.04 and a beta of 2.62. U.S. Silica has a twelve month low of $4.38 and a twelve month high of $18.72. The business’s fifty day moving average is $5.76 and its two-hundred day moving average is $9.82.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, December 12th. U.S. Silica’s dividend payout ratio (DPR) is presently 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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