Brokerages predict that Fairmount Santrol Holdings Inc. (NYSE:FMSA) will announce $281.79 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Fairmount Santrol Holdings’ earnings, with the lowest sales estimate coming in at $267.00 million and the highest estimate coming in at $304.95 million. Fairmount Santrol Holdings reported sales of $140.53 million during the same quarter last year, which indicates a positive year over year growth rate of 100.5%. The firm is expected to report its next earnings report on Thursday, March 8th.
On average, analysts expect that Fairmount Santrol Holdings will report full-year sales of $281.79 million for the current fiscal year, with estimates ranging from $932.00 million to $985.95 million. For the next year, analysts expect that the business will report sales of $1.25 billion per share, with estimates ranging from $1.14 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Fairmount Santrol Holdings.
Fairmount Santrol Holdings (NYSE:FMSA) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Fairmount Santrol Holdings had a return on equity of 4.05% and a net margin of 1.69%. The business had revenue of $280.05 million for the quarter, compared to analysts’ expectations of $264.02 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was up 107.8% on a year-over-year basis.
Several research firms have weighed in on FMSA. BidaskClub upgraded Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded Fairmount Santrol Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank Of Canada set a $6.00 price objective on Fairmount Santrol Holdings and gave the stock a “buy” rating in a research report on Sunday. Wells Fargo & Company cut Fairmount Santrol Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, KeyCorp reiterated an “overweight” rating and set a $6.50 price objective on shares of Fairmount Santrol Holdings in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.44.
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A number of large investors have recently added to or reduced their stakes in FMSA. ING Groep NV acquired a new stake in Fairmount Santrol Holdings in the third quarter valued at about $24,846,000. Elliott Management Corp acquired a new stake in Fairmount Santrol Holdings in the second quarter valued at about $18,720,000. Think Investments LP acquired a new stake in Fairmount Santrol Holdings in the third quarter valued at about $17,643,000. State Street Corp boosted its stake in Fairmount Santrol Holdings by 50.9% in the second quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock valued at $17,820,000 after buying an additional 1,540,859 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in Fairmount Santrol Holdings in the second quarter valued at about $5,690,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fairmount Santrol Holdings (NYSE:FMSA) opened at $4.40 on Wednesday. Fairmount Santrol Holdings has a 12 month low of $2.46 and a 12 month high of $13.12. The company has a quick ratio of 2.11, a current ratio of 2.52 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $1,039.79, a price-to-earnings ratio of 116.00 and a beta of 2.06.
About Fairmount Santrol Holdings
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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