$0.70 EPS Expected for U.S. Silica Holdings Inc (SLCA) This Quarter

Equities research analysts forecast that U.S. Silica Holdings Inc (NYSE:SLCA) will announce earnings of $0.70 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for U.S. Silica’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.52. U.S. Silica reported earnings of $0.53 per share during the same quarter last year, which suggests a positive year over year growth rate of 32.1%. The business is scheduled to announce its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that U.S. Silica will report full year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.75. For the next financial year, analysts anticipate that the firm will report earnings of $2.52 per share, with EPS estimates ranging from $1.42 to $3.59. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow U.S. Silica.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.03). U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The firm had revenue of $427.40 million for the quarter, compared to analyst estimates of $455.35 million. During the same period in the prior year, the business earned $0.38 earnings per share. U.S. Silica’s revenue for the quarter was up 47.1% on a year-over-year basis.

Several equities research analysts have issued reports on SLCA shares. ValuEngine cut shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Seaport Global Securities reaffirmed a “buy” rating and set a $46.00 price target on shares of U.S. Silica in a research note on Thursday, August 2nd. Wells Fargo & Co started coverage on shares of U.S. Silica in a research note on Saturday, September 15th. They set a “buy” rating and a $24.00 price target on the stock. Guggenheim cut shares of U.S. Silica from a “buy” rating to a “neutral” rating in a research note on Friday, July 6th. Finally, Barclays set a $40.00 price target on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.95.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in shares of U.S. Silica by 4.0% in the second quarter. Northern Trust Corp now owns 1,754,931 shares of the mining company’s stock worth $45,084,000 after acquiring an additional 67,546 shares during the last quarter. Energy Opportunities Capital Management LLC boosted its position in shares of U.S. Silica by 11.7% in the second quarter. Energy Opportunities Capital Management LLC now owns 155,178 shares of the mining company’s stock worth $3,987,000 after acquiring an additional 16,305 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of U.S. Silica in the second quarter worth approximately $659,000. Glenmede Trust Co. NA boosted its position in shares of U.S. Silica by 423.0% in the second quarter. Glenmede Trust Co. NA now owns 1,271,066 shares of the mining company’s stock worth $32,653,000 after acquiring an additional 1,028,013 shares during the last quarter. Finally, Dean Capital Management acquired a new stake in shares of U.S. Silica in the second quarter worth approximately $1,530,000. 99.21% of the stock is currently owned by institutional investors and hedge funds.

U.S. Silica stock opened at $20.07 on Friday. U.S. Silica has a 12-month low of $19.02 and a 12-month high of $38.70. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 13.38 and a beta of 2.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.27 and a current ratio of 2.88.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Friday, September 14th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.25 annualized dividend and a dividend yield of 1.25%. U.S. Silica’s dividend payout ratio is presently 16.67%.

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; and resin coated proppants, 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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Earnings History and Estimates for U.S. Silica (NYSE:SLCA)

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