U.S. Silica (NYSE:SLCA) Issues Quarterly Earnings Results, Hits Expectations

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

U.S. Silica Stock Performance

NYSE:SLCA traded up $2.83 during mid-day trading on Friday, hitting $15.89. 14,825,542 shares of the stock were exchanged, compared to its average volume of 749,511. The firm’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $11.66. U.S. Silica has a fifty-two week low of $10.09 and a fifty-two week high of $16.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.43 and a current ratio of 3.23. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.50 and a beta of 2.23.

Insiders Place Their Bets

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