FMSA Holdings Inc. (FMSA) Earns “Hold” Rating from Jefferies Group
FMSA has been the subject of several other reports. Barclays PLC assumed coverage on FMSA Holdings in a research report on Wednesday, August 10th. They set an equal weight rating and a $9.00 target price for the company. Credit Suisse Group AG upgraded FMSA Holdings from a neutral rating to an outperform rating and boosted their target price for the stock from $7.00 to $11.00 in a research report on Monday, November 7th. Zacks Investment Research upgraded FMSA Holdings from a hold rating to a buy rating and set a $10.00 target price for the company in a research report on Wednesday, October 5th. Citigroup Inc. boosted their target price on FMSA Holdings from $9.50 to $12.25 and gave the stock a buy rating in a research report on Tuesday, October 11th. Finally, Howard Weil boosted their target price on FMSA Holdings from $10.00 to $15.00 and gave the stock a sector outperform rating in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $9.01.
FMSA Holdings (NYSE:FMSA) opened at 8.49 on Wednesday. The company’s 50-day moving average is $8.80 and its 200 day moving average is $7.27. FMSA Holdings has a 12 month low of $1.00 and a 12 month high of $9.90. The company’s market cap is $1.89 billion.
FMSA Holdings (NYSE:FMSA) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. The firm had revenue of $134.80 million for the quarter, compared to the consensus estimate of $132.51 million. The business’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. Equities analysts forecast that FMSA Holdings will post ($0.35) earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Systematic Financial Management LP bought a new stake in shares of FMSA Holdings during the second quarter worth about $1,498,000. Emerald Acquisition Ltd. bought a new stake in shares of FMSA Holdings during the second quarter worth about $1,026,000. California State Teachers Retirement System boosted its stake in shares of FMSA Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 138,086 shares of the company’s stock worth $1,065,000 after buying an additional 2,546 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of FMSA Holdings by 2.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,498,524 shares of the company’s stock worth $19,263,000 after buying an additional 56,680 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of FMSA Holdings by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 569,467 shares of the company’s stock worth $4,392,000 after buying an additional 83,794 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.
FMSA Holdings Company Profile
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.
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