U.S. Silica Holdings, Inc. (SLCA) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

U.S. Silica Holdings, Inc. (NYSE:SLCA) posted its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01, Bloomberg Earnings reports. U.S. Silica Holdings had a net margin of 1.60% and a return on equity of 1.92%. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $316.43 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The company’s quarterly revenue was up 148.3% compared to the same quarter last year.

Shares of U.S. Silica Holdings (NYSE SLCA) opened at 26.10 on Friday. U.S. Silica Holdings has a 12 month low of $24.26 and a 12 month high of $61.49. The firm has a market cap of $2.12 billion, a P/E ratio of 149.14 and a beta of 2.33. The firm has a 50-day moving average of $29.46 and a 200 day moving average of $40.75.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a $0.063 dividend. This is an increase from U.S. Silica Holdings’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.97%. U.S. Silica Holdings’s dividend payout ratio (DPR) is 192.31%.

SLCA has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) upped their price objective on shares of U.S. Silica Holdings from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. BidaskClub raised shares of U.S. Silica Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Citigroup Inc. dropped their price objective on shares of U.S. Silica Holdings from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, June 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of U.S. Silica Holdings in a research note on Thursday, July 6th. Finally, Credit Suisse Group set a $41.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $52.01.

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U.S. Silica Holdings Company Profile

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.

Earnings History for U.S. Silica Holdings (NYSE:SLCA)

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