Wall Street analysts expect that U.S. Silica Holdings Inc (NYSE:SLCA) will post sales of $355.51 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 $344.00 million to $364.70 million. U.S. Silica reported sales of $369.31 million in the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The business is expected to report its next earnings results before the market opens on Wednesday, May 1st.
On average, analysts expect that U.S. Silica will report full-year sales of $1.48 billion for the current year, with estimates ranging from $1.38 billion to $1.64 billion. For the next financial year, analysts anticipate that the business will report sales of $1.58 billion, with estimates ranging from $1.31 billion to $1.82 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover U.S. Silica.
U.S. Silica (NYSE:SLCA) last issued its earnings results on Tuesday, February 19th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. U.S. Silica had a negative net margin of 12.73% and a positive return on equity of 12.55%. The firm had revenue of $357.38 million for the quarter, compared to analysts’ expectations of $372.00 million. During the same quarter last year, the company posted $0.52 earnings per share. U.S. Silica’s revenue was down 15.5% on a year-over-year basis.
Several large investors have recently modified their holdings of the business. SG Capital Management LLC acquired a new stake in shares of U.S. Silica during the 1st quarter valued at $6,426,000. Deutsche Bank AG lifted its stake in shares of U.S. Silica by 78.4% in the 4th quarter. Deutsche Bank AG now owns 1,065,752 shares of the mining company’s stock valued at $10,848,000 after purchasing an additional 468,259 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of U.S. Silica by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 805,557 shares of the mining company’s stock valued at $8,200,000 after purchasing an additional 34,162 shares during the last quarter. Norges Bank acquired a new stake in shares of U.S. Silica in the 4th quarter valued at $5,896,000. Finally, Amalgamated Bank acquired a new stake in shares of U.S. Silica in the 4th quarter valued at $121,000.
Shares of NYSE SLCA remained flat at $$17.73 during mid-day trading on Monday. 906,084 shares of the company were exchanged, compared to its average volume of 1,577,129. U.S. Silica has a fifty-two week low of $9.30 and a fifty-two week high of $34.34. The company has a quick ratio of 1.68, a current ratio of 2.30 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.22 and a beta of 2.42.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 14th were paid a $0.063 dividend. This is a positive change from U.S. Silica’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.25 dividend on an annualized basis and a yield of 1.42%. U.S. Silica’s dividend payout ratio (DPR) is currently 15.82%.
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, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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