U.S. Silica Holdings Inc to Issue Quarterly Dividend of $0.06 (SLCA)

U.S. Silica Holdings Inc (NYSE:SLCA) declared a quarterly dividend on Wednesday, November 14th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.0625 per share by the mining company on Friday, January 4th. This represents a $0.25 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, December 13th.

U.S. Silica has decreased its dividend by an average of 27.9% per year over the last three years. U.S. Silica has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Silica to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 69.4%.

SLCA opened at $13.06 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.71, a PEG ratio of 0.61 and a beta of 2.09. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98. U.S. Silica has a 52 week low of $12.89 and a 52 week high of $38.70.

U.S. Silica (NYSE:SLCA) last released its earnings results on Tuesday, October 23rd. The mining company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.15). The firm had revenue of $423.17 million during the quarter, compared to the consensus estimate of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts anticipate that U.S. Silica will post 1.6 earnings per share for the current fiscal year.

In other U.S. Silica news, COO Michael L. Winkler purchased 2,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $13.98 per share, for a total transaction of $27,960.00. Following the completion of the transaction, the chief operating officer now directly owns 47,290 shares in the company, valued at approximately $661,114.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bryan Adair Shinn purchased 2,200 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were acquired at an average price of $18.45 per share, with a total value of $40,590.00. Following the completion of the transaction, the chief executive officer now owns 126,243 shares of the company’s stock, valued at $2,329,183.35. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 11,614 shares of company stock valued at $206,525. Company insiders own 1.40% of the company’s stock.

A number of research firms recently commented on SLCA. Johnson Rice cut U.S. Silica from a “buy” rating to an “accumulate” rating and set a $30.00 target price on the stock. in a research note on Monday, August 20th. Royal Bank of Canada cut U.S. Silica from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research note on Thursday, September 20th. Stifel Nicolaus began coverage on U.S. Silica in a research note on Monday, September 10th. They issued a “buy” rating and a $26.00 target price on the stock. B. Riley reduced their target price on U.S. Silica from $36.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, September 6th. Finally, Barclays reduced their target price on U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.89.

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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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Dividend History for U.S. Silica (NYSE:SLCA)

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