Fairmount Santrol Holdings Inc (FMSA) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $-0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.13. The company posted revenue of $145.46 million in the period, compared to analysts expectations of $132.10 million. The company’s revenue was down -51.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Fairmount Santrol Holdings Inc. Fairmount Santrol Holdings Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 14, 2016. Shares were Downgraded by Cowen on Feb 29, 2016 to ” Market Perform” and Lowered the Price Target to $ 2.20 from a previous price target of $5 .Fairmount Santrol Holdings Inc was Downgraded by Simmons to ” Underweight” on Feb 23, 2016.
Fairmount Santrol Holdings Inc opened for trading at $3.36 and hit $3.65 on the upside on Friday, eventually ending the session at $3.49, with a gain of 1.75% or 0.06 points. The heightened volatility saw the trading volume jump to 2,97,798 shares. Company has a market cap of $563 M.
In a different news, on Dec 11, 2015, William Patrick Kelly (director) sold 4,500 shares at $2.40 per share price. According to the SEC, on May 18, 2015, William E. Conway (director) purchased 30,000 shares at $9.22 per share price.
Fairmount Santrol Holdings Inc. formerly FMSA Holdings Inc. is a provider of sand-based proppant solutions. The Company’s operations are organized into two segments: Proppant Solutions and Industrial and Recreational (I&R) Products. The Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States Canada Argentina Mexico China northern Europe and the United Arab Emirates. The I&R segment provides raw coated and custom blended sands to the foundry building products glass turf and landscape and filtration industries primarily in North America. It develops proppants used by exploration and production (E&P) companies to enhance the productivity of their oil and gas wells. It offers a range of proppants including sand and a spectrum of resin-coated products. It offers sand-based products to end users in the foundry glass building products and sports and recreation markets (collectively the I&R markets).