Fairmount Santrol (NYSE:FMSA) announced its quarterly earnings data on Thursday. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04), Morningstar.com reports. The business had revenue of $273.90 million during the quarter, compared to analyst estimates of $279.50 million. Fairmount Santrol had a net margin of 5.60% and a return on equity of 21.36%. The company’s revenue for the quarter was up 94.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS.
Fairmount Santrol (NYSE:FMSA) opened at $4.33 on Friday. The stock has a market cap of $940.01, a P/E ratio of 18.04 and a beta of 2.20. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. Fairmount Santrol has a 12 month low of $2.46 and a 12 month high of $8.20.
A number of brokerages recently weighed in on FMSA. Cowen set a $6.00 price objective on shares of Fairmount Santrol and gave the company a “buy” rating in a report on Friday. Credit Suisse Group dropped their price objective on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday. TheStreet upgraded shares of Fairmount Santrol from a “d+” rating to a “c-” rating in a report on Tuesday, November 21st. Howard Weil cut shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Finally, B. Riley restated a “hold” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.95.
Several large investors have recently modified their holdings of FMSA. Nationwide Fund Advisors lifted its position in shares of Fairmount Santrol by 63.9% during the 2nd quarter. Nationwide Fund Advisors now owns 88,336 shares of the industrial products company’s stock worth $345,000 after buying an additional 34,426 shares during the last quarter. Northern Trust Corp lifted its position in shares of Fairmount Santrol by 56.6% during the 2nd quarter. Northern Trust Corp now owns 1,869,840 shares of the industrial products company’s stock worth $7,292,000 after buying an additional 676,137 shares during the last quarter. FMR LLC purchased a new stake in shares of Fairmount Santrol during the 2nd quarter worth approximately $1,476,000. Parametric Portfolio Associates LLC lifted its position in shares of Fairmount Santrol by 4.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 171,422 shares of the industrial products company’s stock worth $669,000 after buying an additional 7,472 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Fairmount Santrol by 96.9% in the 2nd quarter. Voya Investment Management LLC now owns 70,711 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 34,797 shares during the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.
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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