U.S. Silica Holdings Inc (SLCA) Expected to Post Quarterly Sales of $373.06 Million

February 11th, 2019 - 0 comments - Filed Under - by Renee Jackson

Analysts expect that U.S. Silica Holdings Inc (NYSE:SLCA) will announce sales of $373.06 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for U.S. Silica’s earnings, with estimates ranging from $327.30 million to $406.31 million. U.S. Silica posted sales of $360.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, February 19th.

On average, analysts expect that U.S. Silica will report full-year sales of $1.59 billion for the current fiscal year, with estimates ranging from $1.55 billion to $1.63 billion. For the next financial year, analysts forecast that the company will report sales of $1.61 billion, with estimates ranging from $1.47 billion to $1.82 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow U.S. Silica.

Several research analysts recently weighed in on the company. Jefferies Financial Group cut U.S. Silica from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research report on Wednesday, October 17th. Bank of America began coverage on U.S. Silica in a report on Wednesday, October 17th. They issued an “underperform” rating on the stock. B. Riley set a $17.00 price objective on U.S. Silica and gave the company a “buy” rating in a report on Friday, November 9th. Royal Bank of Canada dropped their price objective on U.S. Silica to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, October 24th. Finally, Barclays lowered their price target on U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. U.S. Silica has an average rating of “Hold” and an average price target of $26.94.

In related news, Director William Jennings Kacal acquired 5,000 shares of the stock in a transaction on Thursday, December 13th. The shares were bought at an average price of $11.29 per share, with a total value of $56,450.00. Following the completion of the purchase, the director now owns 78,815 shares of the company’s stock, valued at approximately $889,821.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Texas Permanent School Fund raised its position in U.S. Silica by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 50,722 shares of the mining company’s stock valued at $516,000 after purchasing an additional 1,973 shares during the period. Bank of New York Mellon Corp raised its position in U.S. Silica by 21.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,289,539 shares of the mining company’s stock valued at $13,127,000 after purchasing an additional 230,146 shares during the period. Bruni J V & Co. Co. raised its position in U.S. Silica by 16.1% in the fourth quarter. Bruni J V & Co. Co. now owns 574,464 shares of the mining company’s stock valued at $5,848,000 after purchasing an additional 79,496 shares during the period. Private Advisor Group LLC purchased a new stake in U.S. Silica in the fourth quarter valued at $102,000. Finally, BlackRock Inc. raised its position in U.S. Silica by 10.0% in the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock valued at $116,833,000 after purchasing an additional 1,045,341 shares during the period.

SLCA stock traded up $0.49 during trading on Wednesday, hitting $13.56. 912,576 shares of the company traded hands, compared to its average volume of 1,670,517. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.01 billion, a P/E ratio of 9.04, a P/E/G ratio of 11.82 and a beta of 2.38. U.S. Silica has a 1 year low of $9.30 and a 1 year high of $34.34.

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.