Seaport Global Securities Comments on U.S. Silica Holdings Inc’s Q2 2019 Earnings (SLCA)

U.S. Silica Holdings Inc (NYSE:SLCA) – Equities research analysts at Seaport Global Securities cut their Q2 2019 earnings per share estimates for U.S. Silica in a research note issued on Tuesday, February 19th. Seaport Global Securities analyst M. Urban now anticipates that the mining company will post earnings per share of $0.09 for the quarter, down from their previous forecast of $0.14. Seaport Global Securities also issued estimates for U.S. Silica’s Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.24 EPS, Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.45 EPS and FY2020 earnings at $1.55 EPS.

U.S. Silica (NYSE:SLCA) last released its earnings results on Tuesday, February 19th. The mining company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $357.38 million for the quarter, compared to the consensus estimate of $372.00 million. U.S. Silica had a positive return on equity of 12.55% and a negative net margin of 12.73%. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share.

A number of other brokerages also recently commented on SLCA. Piper Jaffray Companies increased their price target on U.S. Silica to $17.00 and gave the company an “overweight” rating in a report on Wednesday. Cowen reaffirmed an “outperform” rating and set a $23.00 target price (up previously from $17.00) on shares of U.S. Silica in a report on Wednesday. Bank of America set a $15.00 price target on U.S. Silica and gave the stock a “sell” rating in a report on Wednesday. Barclays downgraded U.S. Silica from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $20.00 to $15.00 in a report on Tuesday, January 15th. Finally, Zacks Investment Research upgraded U.S. Silica from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.05.

Shares of NYSE:SLCA opened at $15.32 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.30 and a debt-to-equity ratio of 1.25. U.S. Silica has a 12 month low of $9.30 and a 12 month high of $34.34. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 7.54 and a beta of 2.38.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Mercantile Trust Co. bought a new position in U.S. Silica in the fourth quarter valued at approximately $25,000. Oregon Public Employees Retirement Fund acquired a new position in shares of U.S. Silica during the fourth quarter worth $29,000. Public Employees Retirement System of Ohio lifted its holdings in shares of U.S. Silica by 31.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock worth $33,000 after purchasing an additional 788 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of U.S. Silica during the fourth quarter worth $37,000. Finally, Private Advisor Group LLC bought a new position in U.S. Silica during the fourth quarter worth $102,000.

In other news, Director William Jennings Kacal bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was acquired at an average cost of $11.29 per share, for a total transaction of $56,450.00. Following the purchase, the director now owns 78,815 shares of the company’s stock, valued at approximately $889,821.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from U.S. Silica’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 13th. U.S. Silica’s dividend payout ratio is currently 15.82%.

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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