On average, analysts expect that U.S. Silica Holdings will report full year sales of $303.66 million for the current year, with estimates ranging from $1.18 billion to $1.33 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.89 billion per share, with estimates ranging from $1.48 billion to $2.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover U.S. Silica Holdings.
Analysts expect U.S. Silica Holdings Inc (NYSE:SLCA) to post $303.66 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for U.S. Silica Holdings’ earnings. The lowest sales estimate is $275.2 million and the highest is $317.9 million. U.S. Silica Holdings posted sales of $116.99 million in the same quarter last year, which suggests a positive year-over-year growth rate of 159.6%. The business is expected to announce its next earnings report on Tuesday, August 1st.
U.S. Silica Holdings (NYSE:SLCA) last released its quarterly earnings data on Monday, April 24th. The mining company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. U.S. Silica Holdings had a negative net margin of 9.61% and a negative return on equity of 7.51%. The business had revenue of $244.80 million during the quarter, compared to analysts’ expectations of $236.88 million. During the same quarter in the prior year, the company earned ($0.19) EPS. The firm’s quarterly revenue was up 99.8% on a year-over-year basis. Several equities analysts have recently weighed in on SLCA shares. Jefferies Group LLC upped their price objective on shares of U.S. Silica Holdings to $69.00 in a report on Thursday, January 19th. SunTrust Banks, Inc. started coverage on shares of U.S. Silica Holdings in a report on Wednesday, January 18th. They set a “buy” rating and a $72.00 price objective on the stock. Zacks Investment Research upgraded shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, February 1st. Scotiabank set a $76.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a report on Saturday, April 1st. Finally, Barclays PLC set a $56.00 price objective on shares of U.S. Silica Holdings and gave the company a “buy” rating in a report on Saturday, March 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $58.41.
U.S. Silica Holdings (NYSE:SLCA) traded down 0.44% during mid-day trading on Friday, hitting $40.77. 833,689 shares of the company were exchanged. The company’s 50-day moving average is $43.51 and its 200 day moving average is $49.99. U.S. Silica Holdings has a 12-month low of $24.66 and a 12-month high of $61.49. The company’s market capitalization is $3.31 billion. In other news, SVP David D. Murry sold 610 shares of the business’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $48.05, for a total transaction of $29,310.50. Following the completion of the sale, the senior vice president now directly owns 8,487 shares of the company’s stock, valued at $407,800.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
A number of large investors have recently modified their holdings of SLCA. Macquarie Group Ltd. increased its stake in shares of U.S. Silica Holdings by 48.8% in the first quarter. Macquarie Group Ltd. now owns 774,520 shares of the mining company’s stock worth $37,169,000 after buying an additional 254,029 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of U.S. Silica Holdings during the first quarter worth about $443,000. HighTower Advisors LLC increased its stake in shares of U.S. Silica Holdings by 20.7% in the first quarter. HighTower Advisors LLC now owns 6,238 shares of the mining company’s stock worth $299,000 after buying an additional 1,069 shares during the last quarter. Credit Suisse AG increased its stake in shares of U.S. Silica Holdings by 1.3% in the first quarter. Credit Suisse AG now owns 415,916 shares of the mining company’s stock worth $19,960,000 after buying an additional 5,410 shares during the last quarter. Finally, BlueCrest Capital Management Ltd increased its stake in shares of U.S. Silica Holdings by 5.0% in the first quarter. BlueCrest Capital Management Ltd now owns 192,765 shares of the mining company’s stock worth $9,251,000 after buying an additional 9,245 shares during the last quarter. 83.50% of the stock is owned by institutional investors and hedge funds. 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.
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