News coverage about Ferro (NYSE:FOE) has trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferro earned a coverage optimism score of -0.03 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 45.4253305511708 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- China Ferro-Alloys Company Directory 2018 – Research and Markets (markets.financialcontent.com)
- Reviewing OCI Partners (OCIP) and Ferro (FOE) (americanbankingnews.com)
- Zacks Investment Research Downgrades Ferro (FOE) to Hold (americanbankingnews.com)
- Ferro Co. (FOE) General Counsel Mark Hugo Duesenberg Sells 17,000 Shares (americanbankingnews.com)
- Cultured Stone Debuts Sculpted Ashlar at International Builders’ Show 2018 (prweb.com)
Ferro (NYSE:FOE) opened at $23.91 on Friday. Ferro has a 12-month low of $13.55 and a 12-month high of $25.50. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.48 and a quick ratio of 1.53. The stock has a market capitalization of $2,010.00, a price-to-earnings ratio of 45.98 and a beta of 1.94.
Ferro (NYSE:FOE) last issued its quarterly earnings data on Wednesday, November 1st. The specialty chemicals company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $350.01 million for the quarter, compared to the consensus estimate of $332.28 million. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. research analysts anticipate that Ferro will post 1.29 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. ValuEngine lowered Ferro from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered Ferro from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp restated an “overweight” rating on shares of Ferro in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.80.
In related news, CEO Peter T. Thomas sold 22,182 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $22.83, for a total transaction of $506,415.06. Following the sale, the chief executive officer now owns 374,158 shares of the company’s stock, valued at approximately $8,542,027.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marran H. Ogilvie acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $23.60 per share, for a total transaction of $47,200.00. The disclosure for this purchase can be found here. Insiders have sold a total of 177,428 shares of company stock worth $4,192,872 in the last ninety days. 2.02% of the stock is currently owned by company insiders.
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Ferro Company Profile
Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.
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