U.S. Silica (NYSE:SLCA) announced its earnings results on Friday. The mining company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.44, MarketWatch Earnings reports. U.S. Silica had a negative net margin of 27.99% and a positive return on equity of 0.32%. The company had revenue of $172.54 million for the quarter, compared to the consensus estimate of $143.58 million. During the same period in the previous year, the business earned $0.14 EPS. The company’s revenue was down 56.3% on a year-over-year basis.
NYSE:SLCA traded down $0.07 during trading hours on Friday, reaching $3.53. The company’s stock had a trading volume of 2,491,139 shares, compared to its average volume of 1,257,990. The company has a market cap of $260.54 million, a price-to-earnings ratio of -0.68 and a beta of 2.78. U.S. Silica has a one year low of $0.79 and a one year high of $14.83. The business’s 50-day moving average is $3.48 and its 200-day moving average is $3.31. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.73 and a quick ratio of 1.33.
Several analysts have issued reports on SLCA shares. Morgan Stanley boosted their target price on shares of U.S. Silica from $2.00 to $2.50 and gave the company an “underweight” rating in a research note on Wednesday, July 8th. B. Riley boosted their target price on shares of U.S. Silica from $3.00 to $4.35 in a research note on Wednesday, July 22nd. Zacks Investment Research downgraded shares of U.S. Silica from a “strong-buy” rating to a “hold” rating and set a $4.00 price target on the stock. in a research note on Friday, July 24th. Stifel Nicolaus upped their price target on shares of U.S. Silica from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $2.50 price target on shares of U.S. Silica in a research note on Sunday, May 3rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. U.S. Silica currently has a consensus rating of “Hold” and an average target price of $5.26.
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, 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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