Wall Street brokerages forecast that Fairmount Santrol Holdings Inc. (NYSE:FMSA) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Fairmount Santrol’s earnings, with estimates ranging from $0.12 to $0.17. Fairmount Santrol reported earnings of ($0.11) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 227.3%. The firm is scheduled to issue its next earnings report on Thursday, March 8th.

On average, analysts expect that Fairmount Santrol will report full year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.32. For the next year, analysts forecast that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.22 to $0.73. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Fairmount Santrol.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $280.05 million for the quarter, compared to analyst estimates of $264.02 million. Fairmount Santrol had a return on equity of 4.05% and a net margin of 1.69%. The company’s revenue was up 107.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) earnings per share.

A number of equities research analysts recently commented on FMSA shares. Citigroup upped their target price on Fairmount Santrol from $4.25 to $6.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Jefferies Group dropped their target price on Fairmount Santrol from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Piper Jaffray Companies reiterated a “buy” rating and issued a $4.50 target price on shares of Fairmount Santrol in a research report on Monday, August 7th. BidaskClub upgraded Fairmount Santrol from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Cowen set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Fairmount Santrol has a consensus rating of “Hold” and an average price target of $6.31.

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new position in shares of Fairmount Santrol during the 3rd quarter worth approximately $101,000. GSA Capital Partners LLP raised its stake in Fairmount Santrol by 92.3% in the 3rd quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 10,726 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Fairmount Santrol by 80.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 12,400 shares during the last quarter. FineMark National Bank & Trust acquired a new position in Fairmount Santrol in the 3rd quarter valued at $143,000. Finally, Principal Financial Group Inc. raised its stake in Fairmount Santrol by 183.3% in the 2nd quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 20,128 shares during the last quarter. 75.37% of the stock is owned by institutional investors and hedge funds.

Shares of Fairmount Santrol (NYSE FMSA) traded up $0.08 during midday trading on Friday, reaching $4.90. The company had a trading volume of 4,878,100 shares, compared to its average volume of 5,939,215. The stock has a market capitalization of $1,098.05, a price-to-earnings ratio of 122.50 and a beta of 2.11. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $13.12. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

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About Fairmount Santrol

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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