Fairmount Santrol Holdings Inc. (FMSA) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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.

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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.

Earnings History for Fairmount Santrol Holdings (NYSE:FMSA)

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