U.S. Silica (NYSE:SLCA) Releases Quarterly Earnings Results, Hits Expectations

U.S. Silica (NYSE:SLCA) released its earnings results on Friday. The mining company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20, Briefing.com reports. The company had revenue of $325.90 million for the quarter, compared to the consensus estimate of $336.59 million. U.S. Silica had a net margin of 9.47% and a return on equity of 18.56%. U.S. Silica’s quarterly revenue was down 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS.

U.S. Silica Stock Up 21.7 %

Shares of NYSE SLCA traded up $2.83 during trading on Friday, hitting $15.89. 14,825,542 shares of the company traded hands, compared to its average volume of 749,511. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.43 and a current ratio of 3.23. The business’s fifty day moving average is $12.25 and its 200 day moving average is $11.66. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.50 and a beta of 2.23. U.S. Silica has a fifty-two week low of $10.09 and a fifty-two week high of $16.03.

Insider Activity

In other news, EVP Stacy Russell sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $12.00, for a total transaction of $240,000.00. Following the completion of the sale, the executive vice president now owns 186,752 shares in the company, valued at $2,241,024. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Stacy Russell sold 20,000 shares of U.S. Silica stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $12.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now directly owns 186,752 shares in the company, valued at $2,241,024. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Derek Ussery sold 46,433 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $14.00, for a total transaction of $650,062.00. Following the sale, the executive vice president now directly owns 174,772 shares of the company’s stock, valued at $2,446,808. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

U.S. Silica Company Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.