Fairmount Santrol Holdings Inc. (FMSA) Expected to Announce Quarterly Sales of $283.59 Million
Brokerages forecast that Fairmount Santrol Holdings Inc. (NYSE:FMSA) will post $283.59 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Fairmount Santrol’s earnings, with the lowest sales estimate coming in at $274.00 million and the highest estimate coming in at $304.95 million. Fairmount Santrol posted sales of $140.53 million in the same quarter last year, which suggests a positive year-over-year growth rate of 101.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 8th.
According to Zacks, analysts expect that Fairmount Santrol will report full year sales of $283.59 million for the current financial year, with estimates ranging from $956.59 million to $985.95 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.24 billion per share, with estimates ranging from $1.09 billion to $1.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fairmount Santrol.
Fairmount Santrol (NYSE:FMSA) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. Fairmount Santrol’s revenue for the quarter was up 107.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share.
A number of equities research analysts recently commented on the company. TheStreet upgraded Fairmount Santrol from a “d+” rating to a “c-” rating in a research report on Tuesday, November 21st. B. Riley set a $6.00 target price on Fairmount Santrol and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, BidaskClub lowered Fairmount Santrol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.29.
A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its position in shares of Fairmount Santrol by 92.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after buying an additional 10,726 shares in the last quarter. WealthTrust Fairport LLC lifted its position in shares of Fairmount Santrol by 72.5% during the 3rd quarter. WealthTrust Fairport LLC now owns 44,072 shares of the industrial products company’s stock valued at $211,000 after buying an additional 18,518 shares in the last quarter. Think Investments LP purchased a new position in shares of Fairmount Santrol during the 3rd quarter valued at approximately $17,643,000. Jane Street Group LLC lifted its position in shares of Fairmount Santrol by 75.9% during the 3rd quarter. Jane Street Group LLC now owns 164,152 shares of the industrial products company’s stock valued at $785,000 after buying an additional 70,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Fairmount Santrol during the 3rd quarter valued at approximately $101,000. Institutional investors and hedge funds own 75.37% of the company’s stock.
Shares of Fairmount Santrol (FMSA) traded down $0.19 during midday trading on Friday, reaching $4.70. The company had a trading volume of 3,482,618 shares, compared to its average volume of 5,899,345. The stock has a market capitalization of $1,127.19, a price-to-earnings ratio of 125.75 and a beta of 2.11. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.
About Fairmount Santrol
Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.
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