-$0.05 EPS Expected for Ferroglobe PLC (GSM) This Quarter

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Brokerages expect Ferroglobe PLC (NASDAQ:GSM) to report ($0.05) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ferroglobe’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.07). Ferroglobe posted earnings per share of $0.06 during the same quarter last year, which would indicate a negative year-over-year growth rate of 183.3%. The firm is expected to announce its next quarterly earnings report on Monday, February 25th.

According to Zacks, analysts expect that Ferroglobe will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.32. For the next fiscal year, analysts forecast that the company will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.21) to $0.22. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Ferroglobe.

GSM has been the subject of several research reports. B. Riley lowered their price objective on shares of Ferroglobe from $14.50 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, November 28th. Oppenheimer reissued a “market perform” rating and set a $9.00 price objective on shares of Ferroglobe in a research report on Tuesday, November 27th. UBS Group downgraded shares of Ferroglobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 27th. BidaskClub downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Saturday, September 29th. Finally, Zacks Investment Research raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Ferroglobe currently has a consensus rating of “Hold” and a consensus target price of $10.20.

Shares of NASDAQ:GSM opened at $2.54 on Tuesday. Ferroglobe has a 52 week low of $1.47 and a 52 week high of $17.40. The company has a quick ratio of 0.68, a current ratio of 1.92 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $376.63 million, a price-to-earnings ratio of 19.54 and a beta of 1.71.

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in Ferroglobe by 24.5% in the second quarter. SG Americas Securities LLC now owns 80,977 shares of the basic materials company’s stock valued at $694,000 after acquiring an additional 15,935 shares during the last quarter. BlackRock Inc. lifted its stake in Ferroglobe by 69.3% in the second quarter. BlackRock Inc. now owns 191,332 shares of the basic materials company’s stock valued at $1,640,000 after acquiring an additional 78,326 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Ferroglobe by 12.9% in the second quarter. King Luther Capital Management Corp now owns 339,950 shares of the basic materials company’s stock valued at $2,913,000 after acquiring an additional 38,835 shares during the last quarter. Raymond James & Associates lifted its stake in Ferroglobe by 32.4% in the second quarter. Raymond James & Associates now owns 178,549 shares of the basic materials company’s stock valued at $1,530,000 after acquiring an additional 43,678 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Ferroglobe by 25.7% in the second quarter. Macquarie Group Ltd. now owns 285,034 shares of the basic materials company’s stock valued at $2,443,000 after acquiring an additional 58,336 shares during the last quarter. 42.95% of the stock is owned by institutional investors and hedge funds.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; 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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Earnings History and Estimates for Ferroglobe (NASDAQ:GSM)

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