United States Lime & Minerals (NASDAQ:USLM) Posts Earnings Results, Misses Estimates By $0.16 EPS

United States Lime & Minerals (NASDAQ:USLM) issued its earnings results on Friday. The construction company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.16), FiscalAI reports. United States Lime & Minerals had a return on equity of 20.76% and a net margin of 35.66%. The company had revenue of $106.19 million for the quarter, compared to analysts’ expectations of $122.00 million.

United States Lime & Minerals Stock Performance

NASDAQ:USLM traded down $2.28 during mid-day trading on Friday, hitting $111.61. 111,562 shares of the company’s stock traded hands, compared to its average volume of 154,467. The company has a market capitalization of $3.20 billion, a P/E ratio of 23.90 and a beta of 0.66. The company has a fifty day moving average of $112.90 and a 200 day moving average of $115.36. United States Lime & Minerals has a twelve month low of $96.27 and a twelve month high of $141.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of United States Lime & Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Insider Buying and Selling

In related news, Director Antoine M. Doumet sold 20,000 shares of the 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 owned 90,000 shares in the company, valued at approximately $9,900,000. This represents a 18.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings Ltd. Candou purchased 20,000 shares of United States Lime & Minerals stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $110.00 per share, with a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 17,673,780 shares in the company, valued at $1,944,115,800. The trade was a 0.11% increase in their position. The SEC filing for this purchase provides additional information. Corporate 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.