Ferroglobe (NASDAQ:GSM) is scheduled to be releasing its earnings data after the market closes on Monday, May 21st. Analysts expect Ferroglobe to post earnings of $0.16 per share for the quarter.
Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Monday, February 26th. The basic materials company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Ferroglobe had a net margin of 1.45% and a return on equity of 2.29%. The company had revenue of $468.22 million for the quarter, compared to the consensus estimate of $463.41 million. During the same quarter last year, the company earned ($0.09) earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. On average, analysts expect Ferroglobe to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ GSM opened at $11.24 on Thursday. Ferroglobe has a 12 month low of $10.99 and a 12 month high of $11.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.97. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 86.46 and a beta of 1.61.
A number of research firms have commented on GSM. BidaskClub upgraded shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. ValuEngine downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 28th. Jefferies Group set a $19.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Oppenheimer reissued a “buy” rating on shares of Ferroglobe in a report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.60.
Ferroglobe Company Profile
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicon metals that are used in personal care items, construction-related products, health care products, and electronics, as well as used in the manufacture of silicone chemicals; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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