United States Lime & Minerals (NASDAQ:USLM) Posts Earnings Results, Misses Estimates By $0.10 EPS

United States Lime & Minerals (NASDAQ:USLM) issued its quarterly earnings results on Wednesday. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.10), FiscalAI reports. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 21.29%. The company had revenue of $99.13 million during the quarter, compared to analyst estimates of $108.00 million.

United States Lime & Minerals Price Performance

NASDAQ USLM traded down $2.62 on Friday, hitting $110.31. 11,203 shares of the company’s stock were exchanged, compared to its average volume of 159,928. The firm’s 50-day moving average price is $107.33 and its two-hundred day moving average price is $116.12. United States Lime & Minerals has a fifty-two week low of $94.76 and a fifty-two week high of $141.43. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 23.57 and a beta of 0.72.

United States Lime & Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. United States Lime & Minerals’s payout ratio is currently 5.29%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, United States Lime & Minerals presently has a consensus rating of “Hold”.

Institutional Trading of United States Lime & Minerals

A number of institutional investors have recently modified their holdings of USLM. First Trust Advisors LP lifted its holdings in United States Lime & Minerals by 281.5% in the second quarter. First Trust Advisors LP now owns 192,869 shares of the construction company’s stock valued at $19,248,000 after acquiring an additional 142,308 shares during the period. Millennium Management LLC grew its stake in shares of United States Lime & Minerals by 202.9% during the 1st quarter. Millennium Management LLC now owns 193,388 shares of the construction company’s stock worth $17,092,000 after purchasing an additional 129,534 shares during the period. Invesco Ltd. increased its holdings in shares of United States Lime & Minerals by 126.3% in the 3rd quarter. Invesco Ltd. now owns 155,195 shares of the construction company’s stock valued at $20,416,000 after purchasing an additional 86,630 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of United States Lime & Minerals by 33.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,483 shares of the construction company’s stock valued at $25,938,000 after purchasing an additional 73,891 shares in the last quarter. Finally, Estuary Capital Management LP acquired a new stake in shares of United States Lime & Minerals in the fourth quarter valued at about $5,112,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

About United States Lime & Minerals

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.