Fairmount Santrol Holdings Inc (NYSE:FMSA) – Equities researchers at Seaport Global Securities dropped their Q1 2018 earnings per share (EPS) estimates for shares of Fairmount Santrol in a research report issued to clients and investors on Monday. Seaport Global Securities analyst S. Randhawa now forecasts that the industrial products company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. Seaport Global Securities currently has a “Buy” rating and a $8.00 target price on the stock. Seaport Global Securities also issued estimates for Fairmount Santrol’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.71 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.49 EPS.
FMSA has been the subject of a number of other research reports. Royal Bank of Canada set a $7.00 target price on Fairmount Santrol and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded Fairmount Santrol from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. B. Riley reiterated a “hold” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a report on Wednesday, December 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $6.15 price objective on shares of Fairmount Santrol in a report on Tuesday, December 26th. Finally, Guggenheim upgraded Fairmount Santrol from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.95.
Fairmount Santrol (NYSE:FMSA) last released its earnings results on Thursday, March 8th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The firm had revenue of $273.90 million for the quarter, compared to the consensus estimate of $279.50 million. Fairmount Santrol had a return on equity of 20.31% and a net margin of 5.60%. The company’s revenue was up 94.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS.
A number of large investors have recently bought and sold shares of FMSA. Dimensional Fund Advisors LP acquired a new position in Fairmount Santrol in the third quarter valued at about $101,000. GSA Capital Partners LLP grew its stake in Fairmount Santrol by 92.3% in the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 10,726 shares during the period. Ferris Capital LLC acquired a new position in Fairmount Santrol in the fourth quarter valued at about $126,000. NEXT Financial Group Inc grew its stake in Fairmount Santrol by 86.2% in the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 11,200 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in Fairmount Santrol by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 12,400 shares during the period. 74.73% of the stock is owned by hedge funds and other institutional investors.
In other Fairmount Santrol news, Director William E. Conway bought 50,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was purchased at an average cost of $4.26 per share, with a total value of $213,000.00. Following the completion of the purchase, the director now owns 56,549 shares in the company, valued at $240,898.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gerald L. Clancey sold 10,477 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $4.49, for a total value of $47,041.73. The disclosure for this sale can be found here. Over the last three months, insiders acquired 56,600 shares of company stock valued at $240,570 and sold 28,626 shares valued at $128,051. 9.80% of the stock is currently owned by insiders.
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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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