$281.79 Million in Sales Expected for Fairmount Santrol Holdings Inc. (FMSA) This Quarter

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.

WARNING: “$281.79 Million in Sales Expected for Fairmount Santrol Holdings Inc. (FMSA) This Quarter” was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/11/15/281-79-million-in-sales-expected-for-fairmount-santrol-holdings-inc-fmsa-this-quarter.html.

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.

Get a free copy of the Zacks research report on Fairmount Santrol Holdings (FMSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fairmount Santrol Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairmount Santrol Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply