Analysts Expect U.S. Silica Holdings Inc (SLCA) Will Announce Quarterly Sales of $495.29 Million

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Analysts forecast that U.S. Silica Holdings Inc (NYSE:SLCA) will announce $495.29 million in sales for the current quarter, according to Zacks. Eight analysts have issued estimates for U.S. Silica’s earnings, with the lowest sales estimate coming in at $440.00 million and the highest estimate coming in at $569.94 million. U.S. Silica posted sales of $345.02 million in the same quarter last year, which suggests a positive year over year growth rate of 43.6%. The firm is scheduled to announce its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that U.S. Silica will report full year sales of $1.81 billion for the current fiscal year, with estimates ranging from $1.73 billion to $2.02 billion. For the next financial year, analysts expect that the business will report sales of $2.20 billion per share, with estimates ranging from $2.01 billion to $2.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow U.S. Silica.

U.S. Silica (NYSE:SLCA) last issued its quarterly earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.03). The business had revenue of $427.40 million for the quarter, compared to analyst estimates of $455.35 million. U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.

SLCA has been the subject of several recent analyst reports. Seaport Global Securities restated a “buy” rating and issued a $46.00 target price on shares of U.S. Silica in a research note on Thursday, August 2nd. B. Riley reduced their target price on shares of U.S. Silica from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, April 26th. Barclays set a $40.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Jefferies Financial Group set a $37.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, KeyCorp reduced their target price on shares of U.S. Silica from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.18.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC lifted its stake in shares of U.S. Silica by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 175,537 shares of the mining company’s stock valued at $5,715,000 after purchasing an additional 3,297 shares during the period. Royal Bank of Canada lifted its stake in shares of U.S. Silica by 17.0% in the first quarter. Royal Bank of Canada now owns 99,414 shares of the mining company’s stock valued at $2,537,000 after purchasing an additional 14,476 shares during the period. Prudential Financial Inc. lifted its stake in shares of U.S. Silica by 3.9% in the first quarter. Prudential Financial Inc. now owns 149,310 shares of the mining company’s stock valued at $3,810,000 after purchasing an additional 5,600 shares during the period. Comerica Bank lifted its stake in shares of U.S. Silica by 12.3% in the first quarter. Comerica Bank now owns 99,334 shares of the mining company’s stock valued at $2,785,000 after purchasing an additional 10,858 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of U.S. Silica by 0.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 481,082 shares of the mining company’s stock valued at $12,278,000 after purchasing an additional 3,712 shares during the period.

NYSE:SLCA traded up $0.58 during trading hours on Friday, reaching $25.78. 1,202,091 shares of the company’s stock were exchanged, compared to its average volume of 2,211,799. The stock has a market cap of $1.95 billion, a P/E ratio of 11.35 and a beta of 2.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.88 and a quick ratio of 2.27. U.S. Silica has a 1-year low of $23.11 and a 1-year high of $38.70.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Friday, September 14th will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 13th. U.S. Silica’s dividend payout ratio (DPR) is 16.67%.

U.S. Silica Company Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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Earnings History and Estimates for U.S. Silica (NYSE:SLCA)

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