U.S. Silica Holdings Inc (NYSE:SLCA) – Research analysts at Jefferies Financial Group cut their FY2018 earnings estimates for U.S. Silica in a note issued to investors on Wednesday, January 9th. Jefferies Financial Group analyst S. Pant now forecasts that the mining company will post earnings of $1.59 per share for the year, down from their prior estimate of $1.65. Jefferies Financial Group currently has a “Hold” rating and a $20.00 price objective on the stock.
U.S. Silica (NYSE:SLCA) last issued its quarterly earnings data on Tuesday, October 23rd. The mining company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.15). The firm had revenue of $423.17 million during the quarter, compared to analyst estimates of $461.37 million. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share.
U.S. Silica stock opened at $12.46 on Friday. The stock has a market capitalization of $954.94 million, a PE ratio of 8.31, a PEG ratio of 4.40 and a beta of 2.21. U.S. Silica has a fifty-two week low of $9.30 and a fifty-two week high of $38.42. The company has a quick ratio of 2.15, a current ratio of 2.75 and a debt-to-equity ratio of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 4th. Investors of record on Friday, December 14th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, December 13th. U.S. Silica’s dividend payout ratio (DPR) is 16.67%.
In related news, Director William Jennings Kacal purchased 5,000 shares of U.S. Silica stock in a transaction dated Thursday, December 13th. The stock was purchased at an average cost of $11.29 per share, for a total transaction of $56,450.00. Following the completion of the acquisition, the director now directly owns 78,815 shares of the company’s stock, valued at $889,821.35. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael L. Winkler purchased 2,000 shares of U.S. Silica stock in a transaction dated Friday, October 26th. The shares were bought at an average price of $13.98 per share, with a total value of $27,960.00. Following the completion of the acquisition, the chief operating officer now directly owns 47,290 shares of the company’s stock, valued at $661,114.20. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. lifted its holdings in shares of U.S. Silica by 14.8% in the 2nd quarter. Macquarie Group Ltd. now owns 933,066 shares of the mining company’s stock worth $23,970,000 after buying an additional 120,296 shares during the period. Investment Counselors of Maryland LLC grew its holdings in U.S. Silica by 45.8% during the third quarter. Investment Counselors of Maryland LLC now owns 1,119,256 shares of the mining company’s stock worth $21,076,000 after acquiring an additional 351,807 shares during the period. Schwab Charles Investment Management Inc. boosted its position in U.S. Silica by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 516,202 shares of the mining company’s stock worth $13,262,000 after purchasing an additional 35,120 shares in the last quarter. Verition Fund Management LLC purchased a new position in U.S. Silica during the second quarter worth approximately $659,000. Finally, Private Advisor Group LLC purchased a new position in U.S. Silica during the second quarter worth approximately $200,000.
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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