Zacks: Brokerages Anticipate U.S. Silica Holdings Inc (SLCA) Will Announce Quarterly Sales of $359.80 Million
Wall Street analysts expect that U.S. Silica Holdings Inc (NYSE:SLCA) will report $359.80 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for U.S. Silica’s earnings, with the highest sales estimate coming in at $366.67 million and the lowest estimate coming in at $353.30 million. U.S. Silica reported sales of $182.37 million in the same quarter last year, which indicates a positive year over year growth rate of 97.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that U.S. Silica will report full-year sales of $359.80 million for the current fiscal year, with estimates ranging from $1.23 billion to $1.24 billion. For the next financial year, analysts forecast that the firm will report sales of $1.94 billion per share, with estimates ranging from $1.85 billion to $2.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow U.S. Silica.
U.S. Silica (NYSE:SLCA) last posted its quarterly earnings data on Monday, November 6th. The mining company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. U.S. Silica had a return on equity of 5.73% and a net margin of 6.24%. The firm had revenue of $345.00 million during the quarter, compared to analysts’ expectations of $328.91 million. During the same quarter last year, the firm earned ($0.13) EPS. The business’s quarterly revenue was up 150.5% on a year-over-year basis.
A number of analysts have commented on SLCA shares. BidaskClub raised U.S. Silica from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. ValuEngine cut U.S. Silica from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Royal Bank of Canada set a $44.00 price target on U.S. Silica and gave the stock a “buy” rating in a research report on Thursday. SunTrust Banks reaffirmed a “buy” rating and set a $43.00 price target (up previously from $35.00) on shares of U.S. Silica in a research report on Thursday, September 28th. Finally, B. Riley started coverage on U.S. Silica in a research report on Wednesday, December 6th. They set a “buy” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.35.
Shares of U.S. Silica (NYSE:SLCA) opened at $32.76 on Monday. U.S. Silica has a 52-week low of $24.26 and a 52-week high of $61.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.26 and a current ratio of 3.67. The company has a market capitalization of $2,660.00, a PE ratio of 40.95 and a beta of 2.31.
U.S. Silica declared that its Board of Directors has authorized a stock buyback plan on Monday, November 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the mining company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a $0.063 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.77%. U.S. Silica’s dividend payout ratio is presently 31.25%.
In other U.S. Silica news, Director Charles W. Shaver purchased 3,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average price of $33.99 per share, for a total transaction of $112,167.00. Following the purchase, the director now directly owns 29,829 shares in the company, valued at $1,013,887.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bryan Adair Shinn purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was acquired at an average price of $31.30 per share, with a total value of $125,200.00. Following the purchase, the chief executive officer now owns 88,807 shares in the company, valued at $2,779,659.10. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 7,900 shares of company stock valued at $256,063. 1.00% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. QS Investors LLC boosted its holdings in shares of U.S. Silica by 0.3% during the 2nd quarter. QS Investors LLC now owns 6,128 shares of the mining company’s stock worth $217,000 after purchasing an additional 18 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of U.S. Silica by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,172 shares of the mining company’s stock worth $255,000 after purchasing an additional 843 shares during the last quarter. Symphony Asset Management LLC boosted its holdings in shares of U.S. Silica by 2.9% during the 2nd quarter. Symphony Asset Management LLC now owns 30,405 shares of the mining company’s stock worth $1,079,000 after purchasing an additional 863 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of U.S. Silica by 5.0% during the 2nd quarter. Profund Advisors LLC now owns 18,855 shares of the mining company’s stock worth $669,000 after purchasing an additional 895 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of U.S. Silica by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,504 shares of the mining company’s stock worth $657,000 after purchasing an additional 1,027 shares during the last quarter.
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About U.S. Silica
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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