Fairmount Santrol Holdings Inc (FMSA) Releases Earnings Results, Misses Estimates By $0.02 EPS

Fairmount Santrol Holdings Inc (NYSE:FMSA) issued its quarterly earnings results on Thursday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.02. The firm earned $140.53 million during the quarter, compared to the consensus estimate of $156.23 million. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.56) earnings per share.

Fairmount Santrol Holdings (NYSE:FMSA) traded down 0.96% during trading on Friday, hitting $7.22. The company had a trading volume of 4,880,933 shares. Fairmount Santrol Holdings has a 12-month low of $2.38 and a 12-month high of $13.12. The firm has a 50-day moving average of $9.70 and a 200 day moving average of $9.61. The company’s market capitalization is $1.62 billion.

Earnings History for Fairmount Santrol Holdings (NYSE:FMSA)

Hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY bought a new stake in shares of Fairmount Santrol Holdings during the second quarter valued at approximately $434,000. Viking Fund Management LLC increased its position in shares of Fairmount Santrol Holdings by 50.0% in the third quarter. Viking Fund Management LLC now owns 1,080,000 shares of the company’s stock valued at $9,158,000 after buying an additional 360,000 shares during the last quarter. MAI Capital Management increased its position in shares of Fairmount Santrol Holdings by 24.7% in the third quarter. MAI Capital Management now owns 40,362 shares of the company’s stock valued at $342,000 after buying an additional 8,000 shares during the last quarter. Strs Ohio increased its position in shares of Fairmount Santrol Holdings by 61.1% in the third quarter. Strs Ohio now owns 33,500 shares of the company’s stock valued at $284,000 after buying an additional 12,700 shares during the last quarter. Finally, United Services Automobile Association increased its position in shares of Fairmount Santrol Holdings by 54.3% in the third quarter. United Services Automobile Association now owns 592,200 shares of the company’s stock valued at $5,022,000 after buying an additional 208,500 shares during the last quarter. 24.33% of the stock is currently owned by institutional investors and hedge funds.

FMSA has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $16.00 price target on shares of Fairmount Santrol Holdings in a report on Wednesday, February 1st. Zacks Investment Research raised Fairmount Santrol Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Monday, January 23rd. Scotiabank reaffirmed a “buy” rating and set a $13.00 target price on shares of Fairmount Santrol Holdings in a research note on Thursday, March 23rd. Jefferies Group LLC raised their target price on Fairmount Santrol Holdings from $8.50 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 19th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $16.00 target price on shares of Fairmount Santrol Holdings in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $10.81.

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About Fairmount Santrol Holdings

Fairmount Santrol Holdings Inc, formerly FMSA Holdings Inc, provides 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.

5 Day Chart for NYSE:FMSA

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