Zacks: Analysts Anticipate U.S. Silica Holdings Inc (NYSE:SLCA) Will Post Quarterly Sales of $396.45 Million

Analysts predict that U.S. Silica Holdings Inc (NYSE:SLCA) will report $396.45 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for U.S. Silica’s earnings, with estimates ranging from $380.40 million to $403.00 million. U.S. Silica posted sales of $427.43 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.2%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, July 30th.

On average, analysts expect that U.S. Silica will report full-year sales of $1.57 billion for the current year, with estimates ranging from $1.51 billion to $1.63 billion. For the next financial year, analysts forecast that the business will report sales of $1.65 billion, with estimates ranging from $1.40 billion to $1.83 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover U.S. Silica.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Wednesday, May 1st. The mining company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. U.S. Silica had a positive return on equity of 9.28% and a negative net margin of 15.85%. The company had revenue of $378.75 million for the quarter, compared to analyst estimates of $354.83 million. During the same quarter in the prior year, the firm posted $0.54 EPS. U.S. Silica’s quarterly revenue was up 2.6% compared to the same quarter last year.

Several research firms recently weighed in on SLCA. ValuEngine upgraded U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Seaport Global Securities set a $21.00 target price on U.S. Silica and gave the stock a “buy” rating in a research note on Thursday, April 4th. TheStreet lowered U.S. Silica from a “c” rating to a “d+” rating in a research note on Monday, March 4th. Cowen reiterated an “outperform” rating and issued a $20.00 target price (down previously from $22.00) on shares of U.S. Silica in a research note on Thursday, May 2nd. Finally, Bank of America set a $15.00 target price on U.S. Silica and gave the stock a “sell” rating in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. U.S. Silica currently has an average rating of “Hold” and a consensus target price of $22.53.

NYSE:SLCA traded up $0.36 during midday trading on Friday, hitting $12.79. 3,490,884 shares of the company traded hands, compared to its average volume of 1,641,179. The firm has a fifty day moving average price of $11.44. U.S. Silica has a 12-month low of $9.30 and a 12-month high of $27.91. The stock has a market cap of $940.74 million, a price-to-earnings ratio of 8.09 and a beta of 2.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.77 and a quick ratio of 1.33.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.25 dividend on an annualized basis and a yield of 1.97%. U.S. Silica’s payout ratio is 15.82%.

In other U.S. Silica news, Director Charles W. Shaver bought 10,000 shares of U.S. Silica stock in a transaction on Thursday, May 9th. The shares were acquired at an average price of $13.06 per share, for a total transaction of $130,600.00. Following the completion of the purchase, the director now directly owns 19,909 shares in the company, valued at approximately $260,011.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of U.S. Silica by 146.2% during the first quarter. Parallel Advisors LLC now owns 1,455 shares of the mining company’s stock valued at $25,000 after buying an additional 864 shares during the period. Investors Research Corp purchased a new position in shares of U.S. Silica during the first quarter valued at $26,000. Avestar Capital LLC purchased a new position in shares of U.S. Silica during the first quarter valued at $27,000. Public Employees Retirement System of Ohio increased its stake in shares of U.S. Silica by 31.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,283 shares of the mining company’s stock valued at $33,000 after buying an additional 788 shares during the period. Finally, FMR LLC increased its stake in shares of U.S. Silica by 624.3% during the first quarter. FMR LLC now owns 4,230 shares of the mining company’s stock valued at $73,000 after buying an additional 3,646 shares during the period. Hedge funds and other institutional investors own 98.69% of the company’s stock.

About U.S. Silica

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, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

Featured Article: What are gap-up stocks?

Get a free copy of the Zacks research report on U.S. Silica (SLCA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for U.S. Silica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Silica and related companies with MarketBeat.com's FREE daily email newsletter.