U.S. Silica Holdings Inc (SLCA) Releases Earnings Results, Beats Expectations By $0.07 EPS

U.S. Silica Holdings Inc (SLCA) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $-0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.26. The company posted revenue of $122.50 million in the period, compared to analysts expectations of $123.66 million. The company’s revenue was down -40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. U.S. Silica Holdings Inc was Upgraded by Piper Jaffray to ” Overweight” on Mar 31, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .U.S. Silica Holdings Inc was Initiated by Citigroup to “Buy” on Feb 29, 2016.

U.S. Silica Holdings Inc closed down -0.09 points or -0.34% at $26.22 with 20,05,417 shares getting traded on Friday. Post opening the session at $26.44, the shares hit an intraday low of $25.73 and an intraday high of $26.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 19, 2015, Daniel W Avramovich (director) sold 10,000 shares at $19.49 per share price. According to the SEC, on Sep 29, 2015, Bryan Adair Shinn (CEO) purchased 20,000 shares at $13.97 per share price. On May 11, 2015, Jason Leroy Tedrow (VP, Supply Chain) sold 4,015 shares at $34.62 per share price, according to the Form-4 filing with the securities and exchange commission.

U.S. Silica Holdings Inc. (U.S. Silica) is a domestic producer of commercial silica a specialized mineral that is a critical input into a variety of end markets. The Company operates in two segments: Oil & Gas Proppants and Industrial & Specialty Products. In the Oil & Gas Proppants segment the Company serves the oil and gas recovery market providing fracturing sand or frac sand. The Industrial & Specialty Products segment consists of over 250 products and materials. The Company operates approximately 17 production facilities across the United States and controlled 363 million tons of reserves including approximately 179 million tons of reserves that can be processed to meet the American Petroleum Institute (API) frac sand size specifications. The Company produces a range of frac sand sizes and delivers API grade frac sand to the United States shale basins.

U.S. Silica Holdings Inc

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