U.S. Silica Holdings Inc (SLCA) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $-0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.21. The company posted revenue of $117.00 million in the period, compared to analysts expectations of $115.59 million. The company’s revenue was down -20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on U.S. Silica Holdings Inc. Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $29 .Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .Company shares were Upgraded by Jefferies on Jul 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $25 .
U.S. Silica Holdings Inc opened for trading at $34 and hit $34.94 on the upside on Friday, eventually ending the session at $34.47, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 14,98,220 shares. Company has a market cap of $2,189 M.
Investors should note that on Jul 25, 2016, U.S. Silica Holdings Inc announced a cash dividend of $0.0625. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 4, 2016.
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.