Equities research analysts predict that U.S. Silica Holdings Inc (NYSE:SLCA) will post earnings per share of $0.54 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for U.S. Silica’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.82. U.S. Silica posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 500%. The business is expected to report its next quarterly earnings results on Monday, April 23rd.
On average, analysts expect that U.S. Silica will report full year earnings of $3.14 per share for the current year, with EPS estimates ranging from $2.16 to $3.68. For the next year, analysts expect that the firm will report earnings of $3.20 per share, with EPS estimates ranging from $1.35 to $4.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow U.S. Silica.
A number of analysts have recently weighed in on SLCA shares. BidaskClub upgraded shares of U.S. Silica from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Royal Bank of Canada set a $44.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a report on Thursday, December 21st. Credit Suisse Group restated an “outperform” rating and issued a $36.00 price target (down from $40.00) on shares of U.S. Silica in a report on Thursday, February 22nd. Cowen set a $45.00 price target on shares of U.S. Silica and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, B. Riley started coverage on shares of U.S. Silica in a report on Wednesday, December 6th. They issued a “buy” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. U.S. Silica currently has an average rating of “Buy” and a consensus price target of $44.57.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, March 14th. U.S. Silica’s dividend payout ratio (DPR) is presently 18.66%.
U.S. Silica announced that its board has approved a share repurchase program on Monday, November 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the mining company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other U.S. Silica news, EVP Bradford B. Casper sold 8,700 shares of U.S. Silica stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $34.21, for a total transaction of $297,627.00. Following the completion of the sale, the executive vice president now directly owns 18,593 shares in the company, valued at approximately $636,066.53. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Jennings Kacal acquired 20,300 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of $25.78 per share, with a total value of $523,334.00. The disclosure for this purchase can be found here. Insiders purchased a total of 38,200 shares of company stock valued at $1,038,997 over the last quarter. 1.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Boothbay Fund Management LLC acquired a new stake in U.S. Silica during the 3rd quarter valued at approximately $548,000. Allianz Asset Management GmbH lifted its stake in U.S. Silica by 110.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 916,732 shares of the mining company’s stock valued at $28,483,000 after acquiring an additional 481,067 shares during the period. Bessemer Group Inc. acquired a new stake in U.S. Silica during the 4th quarter valued at approximately $2,377,000. KBC Group NV lifted its stake in U.S. Silica by 80.1% during the 4th quarter. KBC Group NV now owns 644,268 shares of the mining company’s stock valued at $20,977,000 after acquiring an additional 286,460 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of U.S. Silica by 10.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 449,526 shares of the mining company’s stock valued at $13,967,000 after purchasing an additional 40,996 shares in the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.
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About U.S. Silica
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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