U.S. Silica Holdings Inc (NYSE:SLCA) – Equities research analysts at Jefferies Group cut their Q2 2018 earnings per share estimates for shares of U.S. Silica in a research note issued on Tuesday, April 24th. Jefferies Group analyst S. Pant now forecasts that the mining company will post earnings per share of $0.72 for the quarter, down from their prior forecast of $0.73. Jefferies Group also issued estimates for U.S. Silica’s Q4 2018 earnings at $0.91 EPS, FY2018 earnings at $3.10 EPS and FY2019 earnings at $3.30 EPS.
A number of other brokerages have also recently issued reports on SLCA. Cowen set a $45.00 price objective on U.S. Silica and gave the company a “buy” rating in a research note on Thursday, January 11th. Piper Jaffray reiterated a “buy” rating on shares of U.S. Silica in a research note on Tuesday, January 9th. R. F. Lafferty started coverage on U.S. Silica in a research note on Wednesday, January 17th. They set a “buy” rating and a $52.00 price objective for the company. B. Riley decreased their price target on U.S. Silica from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wells Fargo boosted their price target on U.S. Silica from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $41.67.
U.S. Silica (NYSE:SLCA) last announced its quarterly earnings data on Wednesday, February 21st. The mining company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The company had revenue of $360.57 million for the quarter, compared to analysts’ expectations of $359.17 million. U.S. Silica had a net margin of 12.74% and a return on equity of 11.86%.
Institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. purchased a new stake in U.S. Silica during the fourth quarter valued at $200,000. Granite Springs Asset Management LLC purchased a new stake in U.S. Silica during the fourth quarter valued at $215,000. Lee Financial Co purchased a new stake in U.S. Silica during the fourth quarter valued at $225,000. Phoenix Investment Adviser LLC purchased a new stake in U.S. Silica during the fourth quarter valued at $228,000. Finally, Gabelli Funds LLC purchased a new stake in U.S. Silica during the fourth quarter valued at $228,000. Institutional investors own 99.21% of the company’s stock.
In other news, Director William Jennings Kacal acquired 20,300 shares of U.S. Silica stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $25.78 per share, for a total transaction of $523,334.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diane K. Duren acquired 10,000 shares of U.S. Silica stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $25.96 per share, with a total value of $259,600.00. Following the transaction, the director now owns 12,168 shares of the company’s stock, valued at approximately $315,881.28. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Wednesday, March 14th. U.S. Silica’s dividend payout ratio (DPR) is presently 16.67%.
About U.S. Silica
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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