Economy

US Silica Holdings, Inc. (SLCA) Announces Quarterly Earnings Results

SunTrust Banks, Inc. reiterated a "buy" rating and set a $43.00 price objective (up previously from $35.00) on shares of U.S. Silica Holdings in a research report on Thursday, September 28th. It has been assigned a low target price of $26.5 and a high target price of $55. (NYSE:SLCA) shares have been labeled a top pick by Beta Research as it meets the A+ criteria outlined by the firm. BidaskClub raised shares of U.S. Silica Holdings from a "hold" rating to a "buy" rating in a report on Friday, November 3rd.

U.S. Silica Holdings announced that its board has authorized a stock repurchase program on Monday, November 6th that authorizes the company to repurchase $100.00 million in outstanding shares. U.S. Silica had 73 analyst reports since July 30, 2015 according to SRatingsIntel. Cowen & Co maintained U.S. Silica Holdings Inc (NYSE:SLCA) on Thursday, April 28 with "Outperform" rating. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company.

U.S. Silica Holdings (NYSE:SLCA) opened at 50.78 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.88 and a current ratio of 5.35.

U.S. Silica now has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

U.S. Silica Holdings (NYSE SLCA) traded up $0.75 during mid-day trading on Wednesday, reaching $31.19. U.S. Silica Holdings had a return on equity of 1.92% and a net margin of 1.60%. The business had revenue of $345.00 million during the quarter, compared to analysts' expectations of $328.91 million. FMR LLC now owns 1,159,730 shares of the mining company's stock valued at $39,976,000 after buying an additional 1,070,230 shares during the last quarter. BlackRock Inc. boosted its stake in U.S. Silica Holdings by 3.0% during the second quarter.

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Fred Alger Management Inc increased Us Silica Holdings Inc (SLCA) stake by 5.61% reported in 2017Q2 SEC filing. Investors of record on Thursday, December 15th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.73%. Credit Suisse maintained U.S. Silica Holdings Inc (NYSE:SLCA) rating on Thursday, July 20.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van Berkom & Associates Inc. lifted its position in shares of U.S. Silica Holdings by 111.1% during the second quarter. This repurchase authorization authorizes the mining company to reacquire shares of its stock through open market purchases. Senator Investment Group LP purchased a new stake in shares of U.S. Silica Holdings during the second quarter valued at approximately $34,470,000. (SLCA). The consensus rating is 1.8, indicating analysts in general look favorably on the company's future prospects. QS Investors LLC now owns 6,128 shares of the mining company's stock worth $217,000 after acquiring an additional 18 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of U.S. Silica Holdings by 21.6% in the 1st quarter.

Over the past five trading sessions shares of Frank's global N.V. (NYSE:FI) are 12.12%; -1.48% for the month; 3.54% for the last quarter; -14% for the past six-months; and -30.97% for the last 12 months. Finally, Ameritas Investment Partners Inc. lifted its position in shares of U.S. Silica Holdings by 13.3% during the 2nd quarter. The Horizon Investments Llc holds 27,242 shares with $1.25 million value, up from 13,938 last quarter. It produces and sells a range of commercial silica products, including whole grain and ground products, as well as other industrial mineral products.



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