Fairmount Santrol Holdings Inc. (NYSE:FMSA) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Fairmount Santrol Holdings Inc. (NYSE:FMSA) posted its earnings results on Thursday. The industrial products company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02, Morningstar.com reports. Fairmount Santrol Holdings had a negative net margin of 6.11% and a negative return on equity of 28.04%. The firm had revenue of $233.20 million during the quarter, compared to the consensus estimate of $231.16 million. During the same quarter last year, the firm earned ($0.54) EPS. The firm’s revenue for the quarter was up 104.2% on a year-over-year basis.

Shares of Fairmount Santrol Holdings (FMSA) traded up 12.45% during trading on Friday, hitting $2.98. 9,377,476 shares of the company were exchanged. The company’s 50-day moving average price is $3.55 and its 200 day moving average price is $6.83. The stock’s market cap is $667.35 million. Fairmount Santrol Holdings has a 12 month low of $2.58 and a 12 month high of $13.12.

Large investors have recently added to or reduced their stakes in the stock. Shaker Investments LLC OH purchased a new stake in Fairmount Santrol Holdings during the first quarter worth $374,000. Wells Fargo & Company MN raised its stake in Fairmount Santrol Holdings by 31.4% in the first quarter. Wells Fargo & Company MN now owns 270,295 shares of the industrial products company’s stock worth $1,981,000 after buying an additional 64,575 shares during the last quarter. Exane Derivatives purchased a new stake in Fairmount Santrol Holdings during the first quarter worth $213,000. Viking Fund Management LLC raised its stake in Fairmount Santrol Holdings by 32.8% in the first quarter. Viking Fund Management LLC now owns 1,660,000 shares of the industrial products company’s stock worth $12,168,000 after buying an additional 410,000 shares during the last quarter. Finally, Creative Planning raised its stake in Fairmount Santrol Holdings by 246.6% in the first quarter. Creative Planning now owns 46,786 shares of the industrial products company’s stock worth $343,000 after buying an additional 33,286 shares during the last quarter. 84.73% of the stock is owned by institutional investors and hedge funds.

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Several analysts recently weighed in on FMSA shares. Scotiabank downgraded shares of Fairmount Santrol Holdings from a “focus stock” rating to an “outperform” rating and dropped their price target for the stock from $13.00 to $6.00 in a research note on Wednesday, June 28th. Zacks Investment Research downgraded shares of Fairmount Santrol Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Royal Bank Of Canada restated a “buy” rating on shares of Fairmount Santrol Holdings in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) downgraded shares of Fairmount Santrol Holdings from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $11.00 to $2.00 in a research note on Thursday, July 20th. Finally, Howard Weil restated a “sector outperform” rating on shares of Fairmount Santrol Holdings in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.31.

Fairmount Santrol Holdings 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.