Brokerages Anticipate Ferroglobe PLC (GSM) to Post -$0.11 EPS

Equities research analysts forecast that Ferroglobe PLC (NASDAQ:GSM) will announce earnings per share of ($0.11) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ferroglobe’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.13). Ferroglobe posted earnings of $0.19 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 157.9%. The business is scheduled to announce its next earnings report on Monday, May 20th.

On average, analysts expect that Ferroglobe will report full year earnings of ($0.22) per share for the current financial year, with EPS estimates ranging from ($0.32) to ($0.15). For the next year, analysts expect that the business will post earnings of $0.09 per share, with EPS estimates ranging from ($0.10) to $0.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Ferroglobe.

Ferroglobe (NASDAQ:GSM) last issued its earnings results on Monday, February 25th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Ferroglobe had a return on equity of 5.59% and a net margin of 3.94%. The business had revenue of $603.50 million during the quarter, compared to analysts’ expectations of $486.22 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 28.9% on a year-over-year basis.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Ferroglobe from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. BidaskClub raised Ferroglobe from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. ValuEngine raised Ferroglobe from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Finally, B. Riley set a $4.00 price target on Ferroglobe and gave the stock a “buy” rating in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $8.74.

Shares of NASDAQ:GSM traded up $0.01 during trading on Wednesday, reaching $2.28. 30,797 shares of the stock were exchanged, compared to its average volume of 1,114,194. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.78. Ferroglobe has a 12-month low of $1.47 and a 12-month high of $13.00. The stock has a market capitalization of $392.11 million, a P/E ratio of 8.14 and a beta of 2.12.

Institutional investors and hedge funds have recently made changes to their positions in the business. Trellus Management Company LLC raised its position in shares of Ferroglobe by 20.1% during the 4th quarter. Trellus Management Company LLC now owns 33,000 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 5,527 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Ferroglobe during the 4th quarter valued at approximately $59,000. Virtu Financial LLC acquired a new stake in shares of Ferroglobe during the 4th quarter valued at approximately $71,000. Legal & General Group Plc raised its position in shares of Ferroglobe by 339.8% during the 4th quarter. Legal & General Group Plc now owns 65,900 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 50,915 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ferroglobe during the 4th quarter valued at approximately $112,000. 38.99% of the stock is currently owned by institutional investors.

About Ferroglobe

Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

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