United States Lime & Minerals (NASDAQ:USLM) Announces Quarterly Earnings Results

Key Points

• United States Lime & Minerals missed quarterly expectations: The company reported $1.32 in EPS versus the $1.48 consensus estimate, while revenue of $106.19 million fell short of the $122.00 million forecast.
• Shares declined $2.28 to $111.61 during Friday trading. The company reported a 35.66% net margin and a 20.76% return on equity.
• Analyst sentiment improved: Weiss Ratings upgraded the stock from “hold” to “buy,” giving USLM a consensus “Buy” rating; separately, a major shareholder purchased 20,000 shares while a director sold 20,000 shares.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) announced its earnings results on Friday. The construction company reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.16), FiscalAI reports. United States Lime & Minerals had a net margin of 35.66% and a return on equity of 20.76%. The business had revenue of $106.19 million during the quarter, compared to the consensus estimate of $122.00 million.

United States Lime & Minerals Price Performance

Shares of USLM traded down $2.28 during midday trading on Friday, hitting $111.61. 111,562 shares of the company traded hands, compared to its average volume of 154,467. United States Lime & Minerals has a one year low of $96.27 and a one year high of $141.43. The firm has a market cap of $3.20 billion, a P/E ratio of 23.90 and a beta of 0.66. The stock has a 50-day moving average of $112.90 and a 200-day moving average of $115.36.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded United States Lime & Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Insider Buying and Selling at United States Lime & Minerals

In other United States Lime & Minerals news, major shareholder Holdings Ltd. Candou acquired 20,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $110.00 per share, with a total value of $2,200,000.00. Following the purchase, the insider owned 17,673,780 shares of the company's stock, valued at approximately $1,944,115,800. This trade represents a 0.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Antoine M. Doumet sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the director directly owned 90,000 shares in the company, valued at $9,900,000. This trade represents a 18.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.50% of the company's stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc is a producer of lime and limestone products used in construction, industrial processing, environmental applications and other commercial activities. The company operates through its Lime and Limestone Operations segments.

Its product portfolio includes quicklime, hydrated lime and various crushed limestone and aggregate products. These materials are used in applications such as road construction, concrete and asphalt production, water and wastewater treatment, flue-gas treatment, steel manufacturing and other industrial processes.

Founded in 1948, United States Lime & Minerals serves customers primarily in Texas and surrounding regions, with production and distribution activities focused on the south-central United States.

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