$413.02 Million in Sales Expected for U.S. Silica Holdings Inc (NYSE:SLCA) This Quarter

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Equities research analysts predict that U.S. Silica Holdings Inc (NYSE:SLCA) will post $413.02 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for U.S. Silica’s earnings, with estimates ranging from $405.00 million to $420.00 million. U.S. Silica reported sales of $423.17 million during the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The company is expected to announce its next earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that U.S. Silica will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.54 billion to $1.61 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.63 billion, with estimates ranging from $1.39 billion to $1.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for U.S. Silica.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings data on Tuesday, July 30th. The mining company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.19. U.S. Silica had a negative net margin of 16.92% and a positive return on equity of 6.49%. The business had revenue of $394.85 million during the quarter, compared to the consensus estimate of $396.72 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue was down 7.6% on a year-over-year basis.

Several research firms have commented on SLCA. Cowen reissued an “outperform” rating and set a $20.00 price objective (down previously from $22.00) on shares of U.S. Silica in a report on Thursday, May 2nd. Citigroup set a $14.00 price target on shares of U.S. Silica and gave the company a “hold” rating in a report on Tuesday, July 2nd. ValuEngine raised shares of U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Morgan Stanley increased their price target on shares of U.S. Silica from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, July 12th. Finally, Bank of America set a $15.00 price target on shares of U.S. Silica and gave the company a “sell” rating in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.50.

Shares of SLCA traded down $0.22 during midday trading on Thursday, hitting $11.86. 1,166,300 shares of the company traded hands, compared to its average volume of 1,719,637. The firm has a 50 day moving average of $12.11 and a 200-day moving average of $13.68. U.S. Silica has a 52 week low of $9.30 and a 52 week high of $23.43. The stock has a market cap of $868.98 million, a price-to-earnings ratio of 7.51, a PEG ratio of 5.20 and a beta of 2.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.34 and a current ratio of 1.79.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be paid a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, September 12th. U.S. Silica’s payout ratio is currently 15.82%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in U.S. Silica by 146.2% in the first quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock worth $25,000 after purchasing an additional 864 shares during the last quarter. Investors Research Corp purchased a new position in shares of U.S. Silica during the first quarter worth approximately $26,000. Avestar Capital LLC purchased a new position in shares of U.S. Silica during the first quarter worth approximately $27,000. Nisa Investment Advisors LLC increased its position in shares of U.S. Silica by 348.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock worth $25,000 after acquiring an additional 1,500 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position 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 acquiring an additional 788 shares during the period.

About U.S. Silica

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, 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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