$345.88 Million in Sales Expected for U.S. Silica Holdings, Inc. (NYSE:SLCA) This Quarter

Brokerages expect U.S. Silica Holdings, Inc. (NYSE:SLCAGet Rating) to report $345.88 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for U.S. Silica’s earnings. The lowest sales estimate is $345.00 million and the highest is $346.75 million. U.S. Silica reported sales of $317.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that U.S. Silica will report full year sales of $1.35 billion for the current fiscal year. For the next year, analysts expect that the firm will report sales of $1.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow U.S. Silica.

U.S. Silica (NYSE:SLCAGet Rating) last released its earnings results on Friday, April 29th. The mining company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.11. 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 1.82% and a negative return on equity of 6.99%. 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.

SLCA has been the subject of a number of recent analyst reports. TheStreet raised U.S. Silica from a “d+” rating to a “c-” rating in a research report on Wednesday, March 2nd. Zacks Investment Research upgraded U.S. Silica from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a research note on Wednesday, March 2nd. Barclays upped their price target on U.S. Silica from $12.00 to $17.00 in a research report on Monday, May 2nd. StockNews.com upgraded U.S. Silica from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Stifel Nicolaus increased their target price on U.S. Silica from $16.00 to $20.00 in a report on Friday, April 8th.

A number of hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC bought a new position in shares of U.S. Silica during the 1st quarter worth approximately $49,000. Chilton Capital Management LLC bought a new position in shares of U.S. Silica during the 4th quarter worth approximately $57,000. Bivin & Associates Inc. bought a new position in shares of U.S. Silica during the 1st quarter worth approximately $59,000. FMR LLC boosted its stake in shares of U.S. Silica by 624.3% during the 1st quarter. FMR LLC now owns 4,230 shares of the mining company’s stock worth $73,000 after acquiring an additional 3,646 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of U.S. Silica by 16.7% during the 3rd quarter. Royal Bank of Canada now owns 11,322 shares of the mining company’s stock worth $91,000 after acquiring an additional 1,624 shares during the period. Hedge funds and other institutional investors own 75.05% of the company’s stock.

Shares of SLCA opened at $18.05 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.83 and a quick ratio of 2.22. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -62.24 and a beta of 2.74. The company has a 50-day moving average of $18.24 and a two-hundred day moving average of $13.90. U.S. Silica has a one year low of $7.22 and a one year high of $21.54.

About U.S. Silica (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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