Fairmount Santrol Holdings Inc (NYSE:FMSA) – Analysts at Jefferies Group raised their Q2 2018 earnings per share estimates for Fairmount Santrol in a report released on Thursday, Zacks Investment Research reports. Jefferies Group analyst B. Handler now expects that the industrial products company will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.16.
Fairmount Santrol (NYSE:FMSA) last posted its earnings results on Thursday, March 8th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Fairmount Santrol had a net margin of 11.34% and a return on equity of 40.34%. The company had revenue of $273.90 million during the quarter, compared to analysts’ expectations of $279.50 million. During the same period in the previous year, the company posted ($0.09) EPS. Fairmount Santrol’s quarterly revenue was up 94.9% compared to the same quarter last year.
A number of other brokerages have also weighed in on FMSA. Cowen set a $6.00 price target on Fairmount Santrol and gave the stock a “buy” rating in a research note on Thursday, January 11th. Howard Weil lowered Fairmount Santrol from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Scotia Howard Weill reissued a “sector perform” rating on shares of Fairmount Santrol in a research note on Friday, January 12th. Zacks Investment Research lowered Fairmount Santrol from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Royal Bank of Canada set a $7.00 price target on Fairmount Santrol and gave the stock a “buy” rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.95.
Shares of Fairmount Santrol (FMSA) traded down $0.03 during trading on Monday, hitting $4.24. The company’s stock had a trading volume of 1,610,000 shares, compared to its average volume of 3,040,000. Fairmount Santrol has a one year low of $2.46 and a one year high of $7.71. The stock has a market cap of $950.15, a price-to-earnings ratio of 15.14 and a beta of 2.19. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.
In related news, insider Jenniffer D. Deckard sold 6,450 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $4.46, for a total value of $28,767.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald L. Clancey sold 10,477 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $4.49, for a total value of $47,041.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,626 shares of company stock valued at $128,051. Insiders own 9.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in FMSA. Hartland & Co. LLC grew its stake in shares of Fairmount Santrol by 6.5% during the third quarter. Hartland & Co. LLC now owns 14,428,795 shares of the industrial products company’s stock valued at $68,970,000 after acquiring an additional 875,446 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Fairmount Santrol by 6.0% during the second quarter. Vanguard Group Inc. now owns 12,863,759 shares of the industrial products company’s stock valued at $50,169,000 after acquiring an additional 731,359 shares in the last quarter. Millennium Management LLC grew its stake in shares of Fairmount Santrol by 158.4% during the fourth quarter. Millennium Management LLC now owns 10,112,026 shares of the industrial products company’s stock valued at $52,886,000 after acquiring an additional 6,198,262 shares in the last quarter. ING Groep NV acquired a new stake in shares of Fairmount Santrol during the third quarter valued at about $24,846,000. Finally, SailingStone Capital Partners LLC acquired a new stake in shares of Fairmount Santrol during the fourth quarter valued at about $24,371,000. Hedge funds and other institutional investors own 74.75% of the company’s stock.
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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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