Estimates for U.S. Silica poised to rise after Q1 results, says Wells Fargo After U.S. Silica reported higher than expected Q1 revenue and volumes, Wells Fargo expects estimates for the company to rise. The firm believes that the company's 2014 EBITDA guidance could be too conservative, and it keeps an Outperform rating on the shares.
News For SLCA From The Last 14 Days
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U.S. Silica raises FY14 EBITDA to $215M-$225M The Company is increasing the guidance it provided in its press release dated April 29, 2014. The Company now expects capital expenditures in the range of $95M-$105M and an effective tax rate of approximately 27%. FY14 EBITDA view includes a small contribution from the Cadre acquisition.