Seaport Global Securities Weighs in on Fairmount Santrol Holdings Inc’s Q1 2018 Earnings (FMSA)

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.

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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.

Shares of FMSA stock opened at $4.19 on Wednesday. The firm has a market capitalization of $942.25, a price-to-earnings ratio of 17.46 and a beta of 2.20. Fairmount Santrol has a 52-week low of $2.46 and a 52-week high of $7.71. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.73 and a current ratio of 2.14.

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.

Earnings History and Estimates for Fairmount Santrol (NYSE:FMSA)

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