$0.48 EPS Expected for U.S. Silica Holdings, Inc. (SLCA) This Quarter
Equities analysts predict that U.S. Silica Holdings, Inc. (NYSE:SLCA) will report $0.48 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for U.S. Silica Holdings’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.44. U.S. Silica Holdings posted earnings per share of ($0.13) during the same quarter last year, which would suggest a positive year-over-year growth rate of 469.2%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, November 6th.
According to Zacks, analysts expect that U.S. Silica Holdings will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.43 to $1.62. For the next year, analysts anticipate that the firm will report earnings of $2.84 per share, with EPS estimates ranging from $1.99 to $3.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover U.S. Silica Holdings.
U.S. Silica Holdings (NYSE:SLCA) last announced its quarterly earnings data on Monday, July 31st. The mining company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $316.43 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was up 148.3% compared to the same quarter last year.
Several analysts recently issued reports on SLCA shares. Jefferies Group LLC set a $40.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Monday, August 28th. Credit Suisse Group set a $41.00 price target on shares of U.S. Silica Holdings and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, July 27th. BidaskClub raised shares of U.S. Silica Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $43.00 price target (up previously from $35.00) on shares of U.S. Silica Holdings in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company’s stock. U.S. Silica Holdings has an average rating of “Buy” and a consensus target price of $49.03.
A number of large investors have recently modified their holdings of SLCA. Winch Advisory Services LLC lifted its stake in U.S. Silica Holdings by 109.0% during the 2nd quarter. Winch Advisory Services LLC now owns 4,127 shares of the mining company’s stock valued at $146,000 after acquiring an additional 2,152 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in U.S. Silica Holdings by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,226 shares of the mining company’s stock valued at $150,000 after acquiring an additional 1,726 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in U.S. Silica Holdings during the 3rd quarter valued at $201,000. First Heartland Consultants Inc. bought a new position in U.S. Silica Holdings during the 2nd quarter valued at $213,000. Finally, Everence Capital Management Inc. lifted its stake in U.S. Silica Holdings by 20.5% during the 2nd quarter. Everence Capital Management Inc. now owns 6,050 shares of the mining company’s stock valued at $215,000 after acquiring an additional 1,030 shares in the last quarter.
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About U.S. Silica Holdings
U.S. Silica Holdings, Inc is a domestic producer of commercial silica, a specialized mineral that is an input into a range of end markets. The Company operates in two segments: Oil & Gas Proppants, and Industrial & Specialty Products. In the Oil & Gas Proppants segment, it serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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