U.S. Silica (NYSE:SLCA) Releases Earnings Results, Beats Expectations By $0.11 EPS

U.S. Silica (NYSE:SLCAGet Rating) released its earnings results on Friday. The mining company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.11, MarketWatch Earnings reports. The firm had revenue of $304.90 million for the quarter, compared to analysts’ expectations of $297.45 million. U.S. Silica had a negative net margin of 3.06% and a negative return on equity of 9.91%. U.S. Silica’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) EPS.

NYSE SLCA opened at $18.58 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.24 and a debt-to-equity ratio of 1.94. The company has a 50 day moving average price of $17.13 and a two-hundred day moving average price of $12.59. U.S. Silica has a 12-month low of $7.22 and a 12-month high of $21.54.

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of U.S. Silica from $11.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, April 11th. Stifel Nicolaus lifted their price objective on shares of U.S. Silica from $16.00 to $20.00 in a research note on Friday, April 8th. TheStreet raised shares of U.S. Silica from a “d+” rating to a “c-” rating in a research note on Wednesday, March 2nd. Zacks Investment Research upgraded shares of U.S. Silica from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a report on Wednesday, March 2nd. Finally, StockNews.com upgraded shares of U.S. Silica from a “sell” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, U.S. Silica has a consensus rating of “Hold” and a consensus price target of $15.75.

In related news, insider James Derek Ussery sold 6,263 shares of the business’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $14.05, for a total transaction of $87,995.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Zach Carusona sold 22,575 shares of the business’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $10.02, for a total transaction of $226,201.50. The disclosure for this sale can be found here. In the last three months, insiders sold 64,796 shares of company stock worth $735,490. Insiders own 3.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SLCA. Royal Bank of Canada boosted its stake in U.S. Silica by 86.1% during the second quarter. Royal Bank of Canada now owns 9,698 shares of the mining company’s stock worth $112,000 after buying an additional 4,486 shares in the last quarter. Morgan Stanley boosted its stake in U.S. Silica by 42.8% during the third quarter. Morgan Stanley now owns 710,807 shares of the mining company’s stock worth $5,679,000 after buying an additional 213,116 shares in the last quarter. LPL Financial LLC boosted its stake in U.S. Silica by 4.9% during the third quarter. LPL Financial LLC now owns 35,665 shares of the mining company’s stock worth $285,000 after buying an additional 1,669 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in U.S. Silica by 138.1% during the third quarter. BNP Paribas Arbitrage SA now owns 79,691 shares of the mining company’s stock worth $637,000 after buying an additional 46,224 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in U.S. Silica by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 721,802 shares of the mining company’s stock worth $5,767,000 after buying an additional 5,294 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors and hedge funds.

U.S. Silica Company Profile (Get Rating)

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. The company 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 the manufacturing of glass products.

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

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