Brokerages expect U.S. Silica Holdings Inc (NYSE:SLCA) to report $484.62 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for U.S. Silica’s earnings, with estimates ranging from $440.00 million to $510.00 million. U.S. Silica posted sales of $345.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 40.5%. The company is scheduled to issue its next quarterly earnings report on Monday, November 5th.
On average, analysts expect that U.S. Silica will report full-year sales of $1.79 billion for the current fiscal year, with estimates ranging from $1.73 billion to $1.85 billion. For the next year, analysts expect that the firm will post sales of $2.16 billion per share, with estimates ranging from $2.01 billion to $2.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for U.S. Silica.
U.S. Silica (NYSE:SLCA) last posted its earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The business had revenue of $427.40 million during the quarter, compared to analyst estimates of $455.35 million. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue was up 47.1% on a year-over-year basis.
SLCA has been the subject of several analyst reports. Johnson Rice lowered shares of U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 price objective for the company. in a research note on Monday, August 20th. B. Riley decreased their price objective on shares of U.S. Silica from $36.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday. Credit Suisse Group increased their price objective on shares of U.S. Silica from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Jefferies Financial Group set a $37.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley lowered shares of U.S. Silica from an “overweight” rating to an “equal weight” rating and set a $43.00 price objective for the company. in a research note on Thursday, July 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. U.S. Silica presently has an average rating of “Hold” and an average target price of $36.78.
SLCA opened at $19.41 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.27 and a debt-to-equity ratio of 0.99. U.S. Silica has a fifty-two week low of $19.02 and a fifty-two week high of $38.70. The stock has a market capitalization of $1.55 billion, a P/E ratio of 12.94 and a beta of 2.15.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 13th. U.S. Silica’s dividend payout ratio is currently 16.67%.
Several institutional investors have recently added to or reduced their stakes in SLCA. LSV Asset Management grew its position in shares of U.S. Silica by 4,355.2% during the 2nd quarter. LSV Asset Management now owns 3,965,084 shares of the mining company’s stock valued at $101,863,000 after acquiring an additional 3,876,084 shares during the period. Senvest Management LLC grew its position in shares of U.S. Silica by 383.2% during the 2nd quarter. Senvest Management LLC now owns 1,779,057 shares of the mining company’s stock valued at $45,704,000 after acquiring an additional 1,410,900 shares during the period. Dimensional Fund Advisors LP grew its position in shares of U.S. Silica by 65.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,372,933 shares of the mining company’s stock valued at $86,077,000 after acquiring an additional 1,331,451 shares during the period. Glenmede Trust Co. NA grew its position in shares of U.S. Silica by 423.0% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,271,066 shares of the mining company’s stock valued at $32,653,000 after acquiring an additional 1,028,013 shares during the period. Finally, Van Berkom & Associates Inc. grew its position in shares of U.S. Silica by 44.9% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,722,849 shares of the mining company’s stock valued at $69,487,000 after acquiring an additional 843,808 shares during the period. 99.21% of the stock is owned by hedge funds and other institutional investors.
U.S. Silica Company Profile
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; and resin coated proppants, 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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