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

United States Lime & Minerals (NASDAQ:USLM) posted its quarterly earnings results on Wednesday. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10), FiscalAI reports. The business had revenue of $99.13 million during the quarter, compared to analysts’ expectations of $108.00 million. United States Lime & Minerals had a net margin of 35.40% and a return on equity of 21.28%.

United States Lime & Minerals Stock Down 0.7%

Shares of NASDAQ USLM traded down $0.74 during midday trading on Wednesday, reaching $113.00. 247,151 shares of the stock were exchanged, compared to its average volume of 160,575. United States Lime & Minerals has a twelve month low of $94.76 and a twelve month high of $141.43. The firm has a 50-day simple moving average of $107.01 and a two-hundred day simple moving average of $116.34. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 24.89 and a beta of 0.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut United States Lime & Minerals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On United States Lime & Minerals

Several hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of United States Lime & Minerals during the 4th quarter valued at about $29,000. Quarry LP acquired a new position in United States Lime & Minerals in the 3rd quarter worth about $33,000. Empowered Funds LLC acquired a new position in shares of United States Lime & Minerals during the 4th quarter worth approximately $42,000. Comerica Bank acquired a new position in shares of United States Lime & Minerals during the 3rd quarter worth approximately $85,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of United States Lime & Minerals during the 3rd quarter valued at approximately $108,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc (NASDAQ:USLM) is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.