New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:33 EDTSLCAU.S. Silica tumbles after results, levels to watch
Price was last at $28.79, down 10.1% from yesterday's close. The company reported results that were 12 cents below consensus estimates for its Q4. At current price, next support is at $26.76, the session low. Resistance is at $29.49. The move down today puts the stock below its 10, 30, and 50-day moving averages, which is intermediate term price bearish.
News For SLCA From The Last 14 Days
Check below for free stories on SLCA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
07:27 EDTSLCAU.S. Silica price target raised to $69 from $54 at Jefferies
Subscribe for More Information
July 17, 2014
07:51 EDTSLCAU.S. Silica to host conference call
Subscribe for More Information
July 16, 2014
17:09 EDTSLCAU.S. Silica to acquire Cadre Services for $98M cash
U.S. Silica Holdings announced that it has signed a stock purchase agreement to acquire all of the outstanding shares of Cadre Services for approximately $98M in cash. Closing is expected by the end of the month. The purchase price of $98M, less the net present value of approximately $14M in deferred tax assets, results in $84M of net consideration. Adjusted LTM EBITDA of $11.1M represents a purchase price multiple of 7.6 times. Projected 2015 Adjusted EBITDA of approximately $18M after synergies and the benefit of a full year of sales from the March capacity expansion represents a purchase price multiple of 4.7 times. This would result in Adjusted EPS accretion of 11c-13c per share in 2015.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use