United States Lime & Minerals (NASDAQ:USLM) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

United States Lime & Minerals (NASDAQ:USLM – Get Free Report) released its quarterly earnings data on Friday. The construction company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.16), FiscalAI reports. The firm had revenue of $106.19 million during the quarter, compared to analyst estimates of $122.00 million. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%.

United States Lime & Minerals Stock Performance

Shares of NASDAQ USLM traded down $2.28 during trading on Friday, hitting $111.61. 111,812 shares of the company traded hands, compared to its average volume of 154,467. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.90 and a beta of 0.66. The business’s fifty day moving average is $112.90 and its 200 day moving average is $115.36. United States Lime & Minerals has a fifty-two week low of $96.27 and a fifty-two week high of $141.43.

Insiders Place Their Bets

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou bought 20,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $110.00 per share, for a total transaction of $2,200,000.00. Following the purchase, the insider directly owned 17,673,780 shares of the company’s stock, valued at $1,944,115,800. The trade was a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Antoine M. Doumet sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the director owned 90,000 shares in the company, valued at $9,900,000. The trade was a 18.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy”.

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United States Lime & Minerals Company Profile

(Get Free Report)

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.

Further Reading

Earnings History for United States Lime & Minerals (NASDAQ:USLM)

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