U.S. Silica Holdings Inc (NYSE:SLCA) – Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for U.S. Silica in a report issued on Wednesday, May 1st, according to Zacks Investment Research. Jefferies Financial Group analyst S. Pant now expects that the mining company will post earnings of $0.15 per share for the year, up from their previous estimate of $0.05. Jefferies Financial Group also issued estimates for U.S. Silica’s Q4 2019 earnings at $0.02 EPS and FY2020 earnings at $0.10 EPS.
U.S. Silica (NYSE:SLCA) last posted its quarterly earnings results on Wednesday, May 1st. The mining company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The business had revenue of $378.75 million for the quarter, compared to analyst estimates of $354.83 million. U.S. Silica had a negative net margin of 15.85% and a positive return on equity of 9.28%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS.
Shares of NYSE SLCA traded down $0.27 during trading hours on Monday, hitting $10.70. 1,041,455 shares of the stock were exchanged, compared to its average volume of 1,592,711. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $814.20 million, a price-to-earnings ratio of 6.77 and a beta of 2.34. U.S. Silica has a 1-year low of $9.30 and a 1-year high of $32.43.
Hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new position in shares of U.S. Silica during the fourth quarter valued at $25,000. Parallel Advisors LLC raised its stake in shares of U.S. Silica by 146.2% during the first quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock valued at $25,000 after acquiring an additional 864 shares during the last quarter. Investors Research Corp bought a new position in shares of U.S. Silica during the first quarter valued at $26,000. Avestar Capital LLC bought a new position in shares of U.S. Silica during the first quarter valued at $27,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of U.S. Silica during the fourth quarter valued at $29,000. 98.73% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Charles W. Shaver acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average price of $13.06 per share, with a total value of $130,600.00. Following the purchase, the director now directly owns 19,909 shares in the company, valued at $260,011.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, June 13th. U.S. Silica’s payout ratio is 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, 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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