Analysts Expect U.S. Silica Holdings Inc (NYSE:SLCA) Will Post Quarterly Sales of $413.02 Million

Equities research analysts expect U.S. Silica Holdings Inc (NYSE:SLCA) to report sales of $413.02 million for the current quarter, Zacks reports. Six analysts have made estimates for U.S. Silica’s earnings, with estimates ranging from $405.00 million to $420.00 million. U.S. Silica reported sales of $423.17 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 22nd.

On average, analysts expect that U.S. Silica will report full year sales of $1.58 billion for the current fiscal year, with estimates ranging from $1.54 billion to $1.61 billion. For the next financial year, analysts expect that the business will report sales of $1.63 billion, with estimates ranging from $1.39 billion to $1.75 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow U.S. Silica.

U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.19. U.S. Silica had a negative net margin of 16.92% and a positive return on equity of 6.49%. The company had revenue of $394.85 million for the quarter, compared to the consensus estimate of $396.72 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. Cowen reissued an “outperform” rating and issued a $20.00 price objective (down from $22.00) on shares of U.S. Silica in a research report on Thursday, May 2nd. Citigroup set a $14.00 price objective on shares of U.S. Silica and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Bank of America set a $15.00 target price on shares of U.S. Silica and gave the company a “sell” rating in a report on Thursday, May 2nd. ValuEngine upgraded shares of U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Morgan Stanley upped their target price on shares of U.S. Silica from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, July 12th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.50.

Shares of NYSE:SLCA traded down $0.22 during trading hours on Thursday, reaching $11.86. The stock had a trading volume of 1,166,300 shares, compared to its average volume of 1,719,637. U.S. Silica has a 1 year low of $9.30 and a 1 year high of $23.43. The firm’s 50 day moving average is $12.11 and its 200-day moving average is $13.68. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.34 and a current ratio of 1.79. The stock has a market capitalization of $868.98 million, a price-to-earnings ratio of 7.51, a P/E/G ratio of 5.20 and a beta of 2.60.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 12th. U.S. Silica’s dividend payout ratio is currently 15.82%.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in U.S. Silica by 31.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock worth $33,000 after purchasing an additional 788 shares during the period. Parallel Advisors LLC boosted its stake in U.S. Silica by 146.2% during the 1st quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after purchasing an additional 864 shares during the period. Chilton Capital Management LLC boosted its stake in U.S. Silica by 8.9% during the 2nd quarter. Chilton Capital Management LLC now owns 12,276 shares of the mining company’s stock worth $157,000 after purchasing an additional 1,000 shares during the period. CoreCommodity Management LLC boosted its stake in U.S. Silica by 5.6% during the 2nd quarter. CoreCommodity Management LLC now owns 19,355 shares of the mining company’s stock worth $248,000 after purchasing an additional 1,031 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in U.S. Silica by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,745 shares of the mining company’s stock worth $567,000 after purchasing an additional 1,226 shares during the period.

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.

Recommended Story: How is an ETF different from a mutual fund?

Get a free copy of the Zacks research report on U.S. Silica (SLCA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for U.S. Silica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit