U.S. Silica Holdings Inc (SLCA) Expected to Post Earnings of -$0.08 Per Share

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Wall Street analysts predict that U.S. Silica Holdings Inc (NYSE:SLCA) will post ($0.08) earnings per share for the current quarter, according to Zacks. Seven analysts have provided estimates for U.S. Silica’s earnings. The highest EPS estimate is $0.13 and the lowest is ($0.20). U.S. Silica reported earnings per share of $0.51 during the same quarter last year, which would suggest a negative year over year growth rate of 115.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, February 19th.

On average, analysts expect that U.S. Silica will report full year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.50 to $1.75. For the next fiscal year, analysts expect that the business will report earnings of $0.08 per share, with EPS estimates ranging from ($1.26) to $1.13. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover U.S. Silica.

SLCA has been the topic of a number of recent research reports. Stifel Nicolaus set a $17.00 price target on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, October 24th. Seaport Global Securities set a $16.00 price target on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, October 24th. Credit Suisse Group cut their price target on U.S. Silica from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. SunTrust Banks set a $28.00 price target on U.S. Silica and gave the company a “buy” rating in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Barclays cut their price target 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. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. U.S. Silica has a consensus rating of “Hold” and an average price target of $26.94.

Shares of SLCA stock traded up $0.49 during mid-day trading on Monday, reaching $13.56. 912,576 shares of the stock traded hands, compared to its average volume of 1,670,517. U.S. Silica has a 1-year low of $9.30 and a 1-year high of $34.34. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 11.82 and a beta of 2.38. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.98.

In related news, Director William Jennings Kacal acquired 5,000 shares of the stock in a transaction dated Thursday, December 13th. The stock was bought 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 directly owns 78,815 shares of the company’s stock, valued at $889,821.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Investment Counselors of Maryland LLC increased its holdings in U.S. Silica by 45.8% in 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 purchasing an additional 351,807 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in U.S. Silica by 24.4% in the third quarter. JPMorgan Chase & Co. now owns 853,622 shares of the mining company’s stock worth $16,074,000 after purchasing an additional 167,410 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in U.S. Silica by 94.6% in the third quarter. Pinnacle Associates Ltd. now owns 48,402 shares of the mining company’s stock worth $911,000 after purchasing an additional 23,526 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in U.S. Silica by 801.0% in the third quarter. PNC Financial Services Group Inc. now owns 86,488 shares of the mining company’s stock worth $1,628,000 after purchasing an additional 76,889 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in U.S. Silica by 6.9% in the third quarter. Legal & General Group Plc now owns 181,350 shares of the mining company’s stock worth $3,389,000 after purchasing an additional 11,729 shares in the last quarter.

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

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