Wall Street brokerages predict that Fairmount Santrol Holdings Inc (NYSE:FMSA) will report sales of $283.11 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Fairmount Santrol’s earnings. The lowest sales estimate is $274.00 million and the highest is $304.95 million. Fairmount Santrol posted sales of $140.53 million in the same quarter last year, which suggests a positive year-over-year growth rate of 101.5%. The business is scheduled to issue its next earnings results before the market opens on Thursday, March 8th.
On average, analysts expect that Fairmount Santrol will report full-year sales of $283.11 million for the current year, with estimates ranging from $956.94 million to $985.95 million. For the next fiscal year, analysts expect that the business will post sales of $1.28 billion per share, with estimates ranging from $1.26 billion to $1.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Fairmount Santrol.
FMSA has been the subject of a number of research reports. Zacks Investment Research cut shares of Fairmount Santrol from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Fairmount Santrol from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Credit Suisse Group raised their target price on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Royal Bank of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the stock a “buy” rating in a research note on Sunday, November 12th. Finally, Barclays raised their target price on shares of Fairmount Santrol from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.95.
Shares of Fairmount Santrol (NYSE FMSA) opened at $4.80 on Monday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.11 and a current ratio of 2.52. The stock has a market cap of $1,080.00, a PE ratio of 96.00 and a beta of 2.05. Fairmount Santrol has a 12 month low of $2.46 and a 12 month high of $10.65.
Fairmount Santrol Company Profile
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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