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 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.
Further Reading: Should I follow buy, hold and sell recommendations?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.