B. Riley Comments on Fairmount Santrol Holdings Inc.’s FY2017 Earnings (FMSA)
Fairmount Santrol Holdings Inc. (NYSE:FMSA) – Analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for Fairmount Santrol in a note issued to investors on Wednesday. B. Riley analyst L. Pipes expects that the industrial products company will earn $0.28 per share for the year. B. Riley has a “Neutral” rating and a $5.50 price objective on the stock. B. Riley also issued estimates for Fairmount Santrol’s Q4 2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.58 EPS and FY2019 earnings at $0.53 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group upped their price target on shares of Fairmount Santrol from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Jefferies Group reduced their target price on shares of Fairmount Santrol from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, August 28th. Royal Bank Of Canada set a $6.00 target price on shares of Fairmount Santrol and gave the company a “buy” rating in a research note on Sunday, November 12th. Zacks Investment Research cut shares of Fairmount Santrol from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Citigroup increased their target price on shares of Fairmount Santrol from $4.25 to $6.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Fairmount Santrol currently has a consensus rating of “Hold” and an average price target of $6.36.
Fairmount Santrol (NYSE:FMSA) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Fairmount Santrol had a net margin of 1.69% and a return on equity of 4.05%. The company had revenue of $280.05 million during the quarter, compared to analysts’ expectations of $264.02 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The business’s quarterly revenue was up 107.8% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new position in Fairmount Santrol in the third quarter worth about $101,000. GSA Capital Partners LLP raised its position in Fairmount Santrol by 92.3% in the third quarter. GSA Capital Partners LLP now owns 22,343 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 10,726 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Fairmount Santrol by 80.5% in the third quarter. Oppenheimer & Co. Inc. now owns 27,810 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 12,400 shares in the last quarter. FineMark National Bank & Trust acquired a new position in Fairmount Santrol in the third quarter worth about $143,000. Finally, Principal Financial Group Inc. raised its position in Fairmount Santrol by 183.3% in the second quarter. Principal Financial Group Inc. now owns 31,107 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 20,128 shares in the last quarter. 75.37% of the stock is owned by hedge funds and other institutional investors.
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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