Equities research analysts expect U.S. Silica Holdings Inc (NYSE:SLCA) to announce $373.06 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for U.S. Silica’s earnings. The highest sales estimate is $406.31 million and the lowest is $327.30 million. U.S. Silica reported sales of $360.57 million in the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, February 19th.
On average, analysts expect that U.S. Silica will report full-year sales of $1.59 billion for the current financial year, with estimates ranging from $1.55 billion to $1.63 billion. For the next year, analysts anticipate that the company will report sales of $1.61 billion, with estimates ranging from $1.47 billion to $1.82 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for U.S. Silica.
A number of equities research analysts have issued reports on SLCA shares. Barclays cut their target price on U.S. Silica from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Johnson Rice set a $17.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Thursday, October 25th. R. F. Lafferty set a $29.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Royal Bank of Canada set a $60.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research note on Thursday, December 20th. Finally, Wells Fargo & Co set a $18.00 price objective on shares of U.S. Silica and gave the company a “hold” rating in a research note on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.94.
In other U.S. Silica news, Director William Jennings Kacal purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 13th. The shares were purchased at an average cost of $11.29 per share, for a total transaction of $56,450.00. Following the completion of the transaction, the director now owns 78,815 shares in the company, valued at $889,821.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in U.S. Silica by 10.0% in the fourth quarter. BlackRock Inc. now owns 11,476,669 shares of the mining company’s stock worth $116,833,000 after acquiring an additional 1,045,341 shares in the last quarter. Investment Counselors of Maryland LLC raised its position in U.S. Silica by 1.9% in the fourth quarter. Investment Counselors of Maryland LLC now owns 1,140,690 shares of the mining company’s stock worth $11,612,000 after acquiring an additional 21,434 shares in the last quarter. Gs Investments Inc. bought a new stake in U.S. Silica in the fourth quarter worth about $124,000. LPL Financial LLC raised its position in U.S. Silica by 15.0% in the fourth quarter. LPL Financial LLC now owns 60,396 shares of the mining company’s stock worth $615,000 after acquiring an additional 7,855 shares in the last quarter. Finally, First Trust Advisors LP raised its position in U.S. Silica by 112.4% in the fourth quarter. First Trust Advisors LP now owns 143,464 shares of the mining company’s stock worth $1,460,000 after acquiring an additional 75,918 shares in the last quarter.
U.S. Silica stock traded down $0.41 during mid-day trading on Wednesday, reaching $13.07. The company’s stock had a trading volume of 1,362,083 shares, compared to its average volume of 1,356,249. The company has a market cap of $1.04 billion, a PE ratio of 8.71, a P/E/G ratio of 12.19 and a beta of 2.38. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15. U.S. Silica has a twelve month low of $9.30 and a twelve month high of $34.34.
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; 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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