$0.19 Earnings Per Share Expected for Ferroglobe PLC (GSM) This Quarter

Wall Street analysts expect Ferroglobe PLC (NASDAQ:GSM) to report earnings of $0.19 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ferroglobe’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.17. Ferroglobe posted earnings of ($0.03) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 733.3%. The business is scheduled to issue its next quarterly earnings results on Monday, May 21st.

According to Zacks, analysts expect that Ferroglobe will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $0.84 to $1.44. For the next year, analysts anticipate that the company will post earnings of $1.26 per share, with EPS estimates ranging from $0.80 to $1.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Ferroglobe.

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Ferroglobe (NASDAQ:GSM) last announced its earnings results on Monday, February 26th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Ferroglobe had a net margin of 1.45% and a return on equity of 2.32%. The business had revenue of $468.22 million for the quarter, compared to analysts’ expectations of $463.41 million. During the same quarter last year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 20.1% on a year-over-year basis.

A number of research analysts have weighed in on GSM shares. JPMorgan Chase upgraded Ferroglobe from a “neutral” rating to an “overweight” rating in a report on Monday, March 26th. TheStreet upgraded Ferroglobe from a “c+” rating to a “b” rating in a report on Friday, March 23rd. BidaskClub lowered Ferroglobe from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Oppenheimer restated a “buy” rating and issued a $20.00 price objective on shares of Ferroglobe in a report on Friday, March 23rd. Finally, Zacks Investment Research lowered Ferroglobe from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Ferroglobe currently has a consensus rating of “Hold” and a consensus price target of $19.60.

Shares of NASDAQ:GSM traded down $0.40 during midday trading on Friday, reaching $10.28. 340,205 shares of the company’s stock traded hands, compared to its average volume of 1,398,385. 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 firm has a market capitalization of $1,835.23, a price-to-earnings ratio of 79.08 and a beta of 1.61. Ferroglobe has a 1 year low of $8.54 and a 1 year high of $17.61.

Several institutional investors and hedge funds have recently modified their holdings of GSM. Legal & General Group Plc increased its stake in shares of Ferroglobe by 108.3% in the 3rd quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 5,400 shares during the last quarter. Invictus RG acquired a new stake in shares of Ferroglobe during the 3rd quarter worth about $146,000. Caxton Associates LP acquired a new stake in shares of Ferroglobe during the 3rd quarter worth about $151,000. Quantbot Technologies LP increased its position in shares of Ferroglobe by 77.1% during the 3rd 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 last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Ferroglobe by 30.6% during the 3rd 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 last quarter. 41.24% of the stock is owned by institutional investors and hedge funds.

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About Ferroglobe

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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Earnings History and Estimates for Ferroglobe (NASDAQ:GSM)

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