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

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

U.S. Silica Stock Performance

Shares of U.S. Silica stock traded up $2.83 during trading hours on Friday, reaching $15.89. 14,825,542 shares of the stock traded hands, compared to its average volume of 749,511. U.S. Silica has a one year low of $10.09 and a one year high of $16.03. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.50 and a beta of 2.23. The company has a quick ratio of 2.43, a current ratio of 3.23 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.66.

Insider Transactions at U.S. Silica

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