Brokerages Expect U.S. Silica Holdings Inc (NYSE:SLCA) Will Announce Quarterly Sales of $413.02 Million

Equities research analysts expect U.S. Silica Holdings Inc (NYSE:SLCA) to report $413.02 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for U.S. Silica’s earnings. The highest sales estimate is $420.00 million and the lowest is $405.00 million. U.S. Silica reported sales of $423.17 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 22nd.

On average, 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 financial year, analysts forecast that the company will post sales of $1.63 billion, with estimates ranging from $1.39 billion to $1.75 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow U.S. Silica.

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

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

Shares of SLCA stock traded down $0.22 on Thursday, hitting $11.86. 1,166,300 shares of the company’s stock were exchanged, compared to its average volume of 1,719,637. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.79 and a quick ratio of 1.34. U.S. Silica has a 12 month low of $9.30 and a 12 month high of $23.43. The stock has a market cap of $868.98 million, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 5.20 and a beta of 2.60. The company has a 50 day moving average of $12.11 and a 200 day moving average of $13.68.

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

Institutional investors have recently bought and sold shares of the business. First Trust Advisors LP raised its position in U.S. Silica by 46.4% in the first quarter. First Trust Advisors LP now owns 209,978 shares of the mining company’s stock valued at $3,645,000 after purchasing an additional 66,514 shares during the last quarter. White Pine Capital LLC acquired a new stake in shares of U.S. Silica in the first quarter valued at about $495,000. Fort Point Capital Partners LLC acquired a new stake in shares of U.S. Silica in the first quarter valued at about $207,000. Everence Capital Management Inc. acquired a new stake in shares of U.S. Silica in the first quarter valued at about $237,000. Finally, Investors Research Corp acquired a new stake in shares of U.S. Silica in the first quarter valued at about $26,000.

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

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