Equities research analysts expect Ferroglobe PLC (NASDAQ:GSM) to report earnings of $0.07 per share for the current quarter, according to Zacks. Five analysts have made estimates for Ferroglobe’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.11. Ferroglobe reported earnings per share of ($0.09) in the same quarter last year, which would indicate a positive year over year growth rate of 177.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, March 15th.
On average, analysts expect that Ferroglobe will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.15. For the next financial year, analysts expect that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.28 to $1.60. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Ferroglobe.
Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings results on Monday, November 27th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Ferroglobe had a negative return on equity of 0.75% and a negative net margin of 2.84%. The company had revenue of $451.60 million for the quarter, compared to analysts’ expectations of $435.15 million. The business’s quarterly revenue was up 23.8% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Ferroglobe by 108.3% during the 3rd quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock worth $137,000 after buying an additional 5,400 shares during the period. Invictus RG purchased a new stake in Ferroglobe in the third quarter worth $146,000. Caxton Associates LP purchased a new stake in Ferroglobe in the third quarter worth $151,000. Oppenheimer & Co. Inc. increased its stake in Ferroglobe by 30.6% in the third quarter. Oppenheimer & Co. Inc. now owns 15,912 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 3,725 shares during the period. Finally, Quantbot Technologies LP increased its stake in Ferroglobe by 77.1% in the third quarter. Quantbot Technologies LP now owns 15,913 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 6,926 shares during the period. 40.05% of the stock is owned by institutional investors and hedge funds.
Shares of Ferroglobe (NASDAQ GSM) traded up $0.17 during trading hours on Friday, reaching $15.29. 412,088 shares of the company’s stock were exchanged, compared to its average volume of 450,073. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. The company has a market capitalization of $2,627.40, a price-to-earnings ratio of -56.63 and a beta of 1.54. Ferroglobe has a 12-month low of $8.54 and a 12-month high of $17.61.
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Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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