FMSA Holdings (FMSA) Misses Q4 EPS Forecasts

FMSA Holdings Inc. (FMSA) shares are down $1.29% to $5.35 in pre-market trading Monday after the company reported its fourth quarter earnings results.

The firm reported earnings of $0.24 per share on revenues of $353.8 million, up 28.9% from $274.5 million a year ago. Analysts were expecting EPS of $0.28 on revenues of $347.41 million.

For the full-year 2014, the company reported net income of $170.4 million, or $1.03 per share, compared with net income of $104 million, or $0.63/shr, for the prior year. Revenue was $1.36 billion, up 37% from $988.4 million. FMSA said sales volumes totaled 9.6 million tons, up 27% from 7.6 million in FY 2013.

“We are proud of what we accomplished in 2014, as we continued to build on our strong record of financial performance and unwavering commitment to sustainable development,” said Jenniffer Deckard, President and CEO.

On valuation measures, FMSA Holdings Inc. shares, which currently have an average 3-month trading volume of 836K shares, trade at a trailing-12 P/E of 6.30, a forward P/E of 8.09 and a P/E to growth ratio of 0.23. The median Wall Street price target on the name is $9.00 with a high target of $14.00. Currently ticker boasts 4 ‘Buy’ endorsements, compared to 4 ’Holds’ and no ‘Sell’.

Profitability-wise, FMSA has a t-12 profit and operating margin of 11.21% and 22.29%, respectively. The $860.87 million market cap company reported $76.9 million in cash vs. $1.25 billion in debt in its most recent quarter. The company said its leverage ratio was 3.15 at December 31, 2014 compared with last year’s pro forma leverage ratio of 3.69.

FMSA currently prints a one year loss of about 66% and a year-to-date loss of around 22%.

The chart below shows where the equity has traded over the last 52 weeks.

FMSA Holdings Inc is a Chesterland, Ohio-sand-based proppant solutions provider for oilfield service, and exploration and production companies to enhance the productivity of their oil and gas wells.

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