U.S. Silica (NYSE:SLCA) Posts Earnings Results, Meets Expectations

U.S. Silica (NYSE:SLCA) released its earnings results on Friday. The mining company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20, Briefing.com reports. The company had revenue of $325.90 million for the quarter, compared to analyst estimates of $336.59 million. U.S. Silica had a net margin of 9.47% and a return on equity of 18.56%. The firm’s quarterly revenue was down 26.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS.

U.S. Silica Stock Up 21.7 %

NYSE SLCA opened at $15.89 on Friday. The business’s 50-day moving average is $12.35 and its 200 day moving average is $11.68. The stock has a market capitalization of $1.24 billion, a PE ratio of 10.81 and a beta of 2.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.23 and a quick ratio of 2.43. U.S. Silica has a 1 year low of $10.09 and a 1 year high of $16.03.

Insider Activity

In related news, EVP James Derek Ussery sold 46,433 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total value of $650,062.00. Following the completion of the transaction, the executive vice president now directly owns 174,772 shares of the company’s stock, valued at $2,446,808. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other U.S. Silica news, EVP Stacy Russell sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $12.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now owns 186,752 shares of the company’s stock, valued at $2,241,024. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Derek Ussery sold 46,433 shares of U.S. Silica stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $14.00, for a total value of $650,062.00. Following the transaction, the executive vice president now owns 174,772 shares of the company’s stock, valued at approximately $2,446,808. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

U.S. Silica Company Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. It operates through two segments: Oil & Gas Proppants and Industrial & Specialty Products. The company offers whole grain commercial silica products to be used as frac for oil and natural gas recovery, as well as sells its whole grain silica products for the manufacturing of glass products.