U.S. Silica Holdings Inc (NYSE:SLCA) Expected to Announce Earnings of -$0.62 Per Share

Equities research analysts forecast that U.S. Silica Holdings Inc (NYSE:SLCA) will announce earnings of ($0.62) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for U.S. Silica’s earnings, with the highest EPS estimate coming in at ($0.48) and the lowest estimate coming in at ($0.97). U.S. Silica posted earnings per share of ($0.04) during the same quarter last year, which would indicate a negative year-over-year growth rate of 1,450%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, February 18th.

On average, analysts expect that U.S. Silica will report full-year earnings of ($1.19) per share for the current financial year, with EPS estimates ranging from ($1.44) to ($1.03). For the next financial year, analysts forecast that the company will post earnings of ($1.48) per share, with EPS estimates ranging from ($2.00) to ($1.11). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover U.S. Silica.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, October 29th. The mining company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.13). U.S. Silica had a negative net margin of 19.58% and a positive return on equity of 2.52%. The company had revenue of $361.81 million for the quarter, compared to analyst estimates of $392.08 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Cowen lowered shares of U.S. Silica from an “outperform” rating to a “market perform” rating and cut their price target for the company from $12.00 to $8.50 in a research note on Tuesday, October 1st. Johnson Rice lowered shares of U.S. Silica from an “accumulate” rating to a “hold” rating and cut their price target for the company from $12.00 to $5.00 in a research note on Tuesday, November 5th. Zacks Investment Research lowered shares of U.S. Silica from a “hold” rating to a “strong sell” rating and set a $5.75 price target on the stock. in a research note on Monday, December 9th. Piper Jaffray Companies lowered shares of U.S. Silica from an “overweight” rating to a “neutral” rating and cut their price target for the company from $10.50 to $5.50 in a research note on Wednesday, October 30th. Finally, Barclays lowered shares of U.S. Silica from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $11.00 to $3.00 in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.56.

In other U.S. Silica news, Director Charles W. Shaver acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $5.37 per share, with a total value of $53,700.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 35,000 shares of company stock worth $179,290 over the last ninety days. Insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of U.S. Silica by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,225,903 shares of the mining company’s stock valued at $105,209,000 after acquiring an additional 440,219 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in U.S. Silica by 21.5% during the second quarter. Van Berkom & Associates Inc. now owns 4,489,754 shares of the mining company’s stock worth $57,424,000 after buying an additional 795,280 shares in the last quarter. Senvest Management LLC boosted its holdings in U.S. Silica by 17.0% during the second quarter. Senvest Management LLC now owns 4,068,781 shares of the mining company’s stock worth $52,040,000 after buying an additional 590,609 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in U.S. Silica by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 1,323,552 shares of the mining company’s stock worth $16,928,000 after buying an additional 36,053 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in U.S. Silica by 0.8% during the second quarter. Northern Trust Corp now owns 1,041,281 shares of the mining company’s stock worth $13,318,000 after buying an additional 8,055 shares in the last quarter.

U.S. Silica stock traded up $0.15 during mid-day trading on Friday, reaching $5.81. 1,657,035 shares of the company traded hands, compared to its average volume of 1,233,275. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. U.S. Silica has a fifty-two week low of $4.38 and a fifty-two week high of $18.72. The firm’s fifty day moving average is $5.67 and its two-hundred day moving average is $8.54.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Thursday, December 12th. U.S. Silica’s dividend payout ratio (DPR) 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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