Zacks: Analysts Anticipate Fairmount Santrol Holdings Inc (FMSA) to Announce $0.13 Earnings Per Share

Wall Street brokerages expect Fairmount Santrol Holdings Inc (NYSE:FMSA) to announce earnings per share of $0.13 for the current quarter, according to Zacks. Four analysts have made estimates for Fairmount Santrol’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.08. Fairmount Santrol reported earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year over year growth rate of 360%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Fairmount Santrol will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.73. For the next year, analysts expect that the business will report earnings of $0.42 per share, with EPS estimates ranging from $0.09 to $0.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Fairmount Santrol.

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Fairmount Santrol (NYSE:FMSA) last released its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Fairmount Santrol had a net margin of 5.60% and a return on equity of 20.31%. The business had revenue of $273.90 million during the quarter, compared to analyst estimates of $279.50 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The firm’s quarterly revenue was up 94.9% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. Piper Jaffray set a $6.00 price target on shares of Fairmount Santrol and gave the company a “buy” rating in a research report on Wednesday, March 14th. Credit Suisse Group dropped their price target on shares of Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 9th. Howard Weil downgraded shares of Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. B. Riley reiterated a “hold” rating and issued a $6.00 price target on shares of Fairmount Santrol in a research report on Wednesday, December 13th. Finally, Cowen reiterated a “buy” rating and issued a $6.00 price target on shares of Fairmount Santrol in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.95.

In related news, Director William E. Conway bought 50,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were purchased at an average price of $4.26 per share, with a total value of $213,000.00. Following the completion of the purchase, the director now owns 56,549 shares in the company, valued at approximately $240,898.74. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jenniffer D. Deckard sold 6,450 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total transaction of $28,767.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 56,600 shares of company stock valued at $240,570 and have sold 28,626 shares valued at $128,051. 9.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FMSA. Dimensional Fund Advisors LP bought a new stake in shares of Fairmount Santrol in the third quarter worth $101,000. GSA Capital Partners LLP grew its stake in shares of Fairmount Santrol by 92.3% in the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares during the last quarter. Ferris Capital LLC bought a new stake in shares of Fairmount Santrol in the fourth quarter worth $126,000. NEXT Financial Group Inc grew its stake in shares of Fairmount Santrol by 86.2% in the fourth quarter. NEXT Financial Group Inc now owns 24,200 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 11,200 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Fairmount Santrol by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 12,400 shares during the last quarter. 74.74% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FMSA opened at $4.25 on Friday. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.14 and a quick ratio of 1.73. Fairmount Santrol has a 1-year low of $2.46 and a 1-year high of $7.71. The company has a market capitalization of $953.47, a PE ratio of 17.00 and a beta of 2.17.

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Fairmount Santrol Company Profile

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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Earnings History and Estimates for Fairmount Santrol (NYSE:FMSA)

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