Analysts predict that U.S. Silica Holdings Inc (NYSE:SLCA) will post sales of $296.14 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for U.S. Silica’s earnings. The highest sales estimate is $306.92 million and the lowest is $275.40 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 17.1%. The firm is expected 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 sales of $1.43 billion for the current financial year, with estimates ranging from $1.41 billion to $1.44 billion. For the next year, analysts expect that the firm will report sales of $1.33 billion, with estimates ranging from $1.23 billion to $1.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover U.S. Silica.
U.S. Silica (NYSE:SLCA) last released its earnings results on Tuesday, October 29th. The mining company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $361.81 million for the quarter, compared to analysts’ expectations of $392.08 million. U.S. Silica had a positive return on equity of 2.52% and a negative net margin of 19.58%. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS.
Several research firms have recently commented on SLCA. Cowen downgraded shares of U.S. Silica from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $12.00 to $8.50 in a report on Tuesday, October 1st. Morgan Stanley dropped their price objective on shares of U.S. Silica from $15.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, October 7th. Piper Jaffray Companies downgraded shares of U.S. Silica from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $10.50 to $5.50 in a report on Wednesday, October 30th. B. Riley dropped their price objective on shares of U.S. Silica from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Barclays downgraded shares of U.S. Silica from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $11.00 to $3.00 in a report on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. U.S. Silica has an average rating of “Hold” and an average target price of $10.56.
Shares of SLCA stock traded up $0.15 during trading hours on Tuesday, hitting $5.81. The company’s stock had a trading volume of 1,657,035 shares, compared to its average volume of 1,233,275. The company has a 50 day moving average of $5.67 and a 200 day moving average of $8.54. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 1.34. U.S. Silica has a 12-month low of $4.38 and a 12-month high of $18.72.
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid 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 is currently 15.82%.
In other news, Director Charles W. Shaver bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $5.37 per share, for a total transaction of $53,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 35,000 shares of company stock valued at $179,290. Company insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in U.S. Silica by 81.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock worth $41,000 after acquiring an additional 1,450 shares during the period. FMR LLC raised its position in U.S. Silica by 624.3% during the first quarter. FMR LLC now owns 4,230 shares of the mining company’s stock worth $73,000 after acquiring an additional 3,646 shares during the period. Nisa Investment Advisors LLC raised its position in U.S. Silica by 155.4% during the third quarter. Nisa Investment Advisors LLC now owns 4,930 shares of the mining company’s stock worth $47,000 after acquiring an additional 3,000 shares during the period. Public Employees Retirement System of Ohio raised its position in U.S. Silica by 29.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,639 shares of the mining company’s stock worth $72,000 after acquiring an additional 1,269 shares during the period. Finally, Sciencast Management LP acquired a new position in U.S. Silica during the fourth quarter worth $63,000.
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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