Wall Street brokerages expect that U.S. Silica Holdings Inc (NYSE:SLCA) will post $495.29 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for U.S. Silica’s earnings. The highest sales estimate is $569.94 million and the lowest is $440.00 million. U.S. Silica posted sales of $345.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 43.6%. The company is expected to announce its next earnings results on Monday, November 5th.

On average, analysts expect that U.S. Silica will report full year sales of $1.81 billion for the current financial year, with estimates ranging from $1.73 billion to $2.02 billion. For the next year, analysts anticipate that the business will report sales of $2.20 billion per share, with estimates ranging from $2.01 billion to $2.49 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover U.S. Silica.

U.S. Silica (NYSE:SLCA) last announced its earnings results on Tuesday, July 31st. The mining company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.03). U.S. Silica had a return on equity of 13.14% and a net margin of 10.79%. The business had revenue of $427.40 million for the quarter, compared to analysts’ expectations of $455.35 million. During the same period in the previous year, the company earned $0.38 earnings per share. U.S. Silica’s quarterly revenue was up 47.1% on a year-over-year basis.

A number of equities research analysts have commented on SLCA shares. B. Riley dropped their price objective on shares of U.S. Silica from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, April 26th. ValuEngine downgraded shares of U.S. Silica from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Wells Fargo & Co increased their price objective on shares of U.S. Silica from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, April 25th. Credit Suisse Group increased their price objective on shares of U.S. Silica from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley downgraded shares of U.S. Silica from an “overweight” rating to an “equal weight” rating and set a $43.00 price objective on the stock. in a research report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $39.18.

Several institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in shares of U.S. Silica by 12.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 19,412 shares of the mining company’s stock valued at $495,000 after buying an additional 2,152 shares in the last quarter. Lee Financial Co boosted its holdings in shares of U.S. Silica by 36.2% in the 1st quarter. Lee Financial Co now owns 9,400 shares of the mining company’s stock valued at $240,000 after buying an additional 2,500 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of U.S. Silica by 11.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 26,100 shares of the mining company’s stock valued at $671,000 after buying an additional 2,600 shares in the last quarter. Bruni J V & Co. Co. boosted its holdings in shares of U.S. Silica by 0.6% in the 1st quarter. Bruni J V & Co. Co. now owns 418,480 shares of the mining company’s stock valued at $10,680,000 after buying an additional 2,651 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of U.S. Silica by 11.7% in the 2nd quarter. US Bancorp DE now owns 26,363 shares of the mining company’s stock valued at $677,000 after buying an additional 2,769 shares in the last quarter.

SLCA traded up $0.58 during trading hours on Friday, hitting $25.78. 1,202,091 shares of the company’s stock were exchanged, compared to its average volume of 2,211,799. U.S. Silica has a 12-month low of $23.11 and a 12-month high of $38.70. The company has a market cap of $1.95 billion, a P/E ratio of 11.35 and a beta of 2.23. The company has a quick ratio of 2.27, a current ratio of 2.88 and a debt-to-equity ratio of 0.99.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 13th. U.S. Silica’s payout ratio is 16.67%.

U.S. Silica Company Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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

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