Fairmount Santrol Holdings Inc. (NYSE:FMSA) released its quarterly earnings results on Thursday. The industrial products company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02, Briefing.com reports. The firm had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol Holdings had a return on equity of 4.24% and a net margin of 1.69%. Fairmount Santrol Holdings’s revenue for the quarter was up 107.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS.
Shares of Fairmount Santrol Holdings (FMSA) traded up $0.40 on Friday, hitting $4.60. The company’s stock had a trading volume of 3,738,326 shares, compared to its average volume of 4,571,853. Fairmount Santrol Holdings has a one year low of $2.46 and a one year high of $13.12. The firm has a market cap of $1,030.77, a price-to-earnings ratio of 115.00 and a beta of 2.06. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.75 and a current ratio of 3.29.
FMSA has been the topic of several recent research reports. KeyCorp reissued an “overweight” rating and set a $6.50 price target on shares of Fairmount Santrol Holdings in a research report on Wednesday, October 4th. BidaskClub raised Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Jefferies Group LLC reduced their price target on Fairmount Santrol Holdings from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Credit Suisse Group lowered Fairmount Santrol Holdings from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $4.00 in a research report on Thursday, July 20th. Finally, Citigroup Inc. boosted their price target on Fairmount Santrol Holdings from $4.25 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.85.
About Fairmount Santrol Holdings
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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