Zacks: Analysts Expect U.S. Silica Holdings Inc (NYSE:SLCA) to Announce -$0.51 Earnings Per Share

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Analysts forecast that U.S. Silica Holdings Inc (NYSE:SLCA) will post earnings per share (EPS) of ($0.51) for the current quarter, Zacks reports. Four analysts have made estimates for U.S. Silica’s earnings. The lowest EPS estimate is ($0.92) and the highest is ($0.05). U.S. Silica posted earnings per share of ($0.04) during the same quarter last year, which would indicate a negative year over year growth rate of 1,175%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 18th.

On average, analysts expect that U.S. Silica will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.52) to $0.20. For the next financial year, analysts forecast that the business will report earnings of ($1.28) per share, with EPS estimates ranging from ($2.00) to ($0.20). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow U.S. Silica.

U.S. Silica (NYSE:SLCA) last released its earnings results on Tuesday, October 29th. The mining company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.13). U.S. Silica had a negative net margin of 19.58% and a positive return on equity of 2.52%. The business had revenue of $361.81 million for the quarter, compared to analysts’ expectations of $392.08 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. U.S. Silica’s revenue for the quarter was down 14.5% on a year-over-year basis.

SLCA has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of U.S. Silica from $15.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, October 7th. Johnson Rice lowered shares of U.S. Silica from an “accumulate” rating to a “hold” rating and decreased their price objective for the stock from $12.00 to $5.00 in a report on Tuesday, November 5th. Piper Jaffray Companies lowered shares of U.S. Silica from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $10.50 to $5.50 in a report on Wednesday, October 30th. Cowen lowered shares of U.S. Silica from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $12.00 to $8.50 in a report on Tuesday, October 1st. Finally, Barclays lowered shares of U.S. Silica from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $11.00 to $3.00 in a report on Thursday, October 31st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.08.

In related news, Director Charles W. Shaver bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $5.37 per share, with a total value of $53,700.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

A number of large investors have recently bought and sold shares of SLCA. Nisa Investment Advisors LLC grew its position in U.S. Silica by 348.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,930 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in U.S. Silica by 81.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,235 shares of the mining company’s stock worth $41,000 after purchasing an additional 1,450 shares during the period. Public Employees Retirement System of Ohio grew its position in U.S. Silica by 29.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,639 shares of the mining company’s stock worth $72,000 after purchasing an additional 1,269 shares during the period. FMR LLC grew its position in U.S. Silica by 624.3% in the 1st quarter. FMR LLC now owns 4,230 shares of the mining company’s stock worth $73,000 after purchasing an additional 3,646 shares during the period. Finally, M&T Bank Corp bought a new stake in U.S. Silica in the 2nd quarter worth approximately $139,000. 98.69% of the stock is owned by institutional investors and hedge funds.

NYSE SLCA traded up $0.17 during mid-day trading on Tuesday, reaching $5.64. The stock had a trading volume of 1,933,860 shares, compared to its average volume of 1,877,918. U.S. Silica has a 1 year low of $4.40 and a 1 year high of $18.72. The stock has a market cap of $375.93 million, a PE ratio of 3.57 and a beta of 2.52. The company has a fifty day moving average price of $7.78 and a 200 day moving average price of $10.99. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.69 and a quick ratio of 1.21.

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, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

See Also: Hedge Funds

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Earnings History and Estimates for U.S. Silica (NYSE:SLCA)

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