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

U.S. Silica (NYSE:SLCA) announced its earnings results on Friday. The mining company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20, Briefing.com reports. The firm had revenue of $325.90 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS.

U.S. Silica Stock Performance

NYSE:SLCA opened at $15.89 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 10.81 and a beta of 2.23. U.S. Silica has a twelve month low of $10.09 and a twelve month high of $16.03. The company has a current ratio of 3.23, a quick ratio of 2.43 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $12.35 and a 200-day moving average of $11.68.

Insider Buying and Selling at U.S. Silica

In other news, EVP James Derek Ussery sold 46,433 shares of the company’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 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 document filed with the SEC, which is available at the SEC website. In other news, EVP James Derek Ussery sold 46,433 shares of the business’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 sale, the executive vice president now 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 can be accessed through this hyperlink. 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 completion of the transaction, the executive vice president now directly owns 186,752 shares of the company’s stock, valued at approximately $2,241,024. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

About U.S. Silica

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.