Ferroglobe PLC (GSM) Expected to Announce Earnings of $0.02 Per Share

Equities research analysts expect Ferroglobe PLC (NASDAQ:GSM) to post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ferroglobe PLC’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.07. Ferroglobe PLC reported earnings per share of ($0.09) in the same quarter last year, which suggests a positive year over year growth rate of 122.2%. The firm is expected to announce its next earnings results on Monday, November 13th.

On average, analysts expect that Ferroglobe PLC will report full-year earnings of $0.08 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.13. For the next year, analysts expect that the firm will post earnings of $0.99 per share, with EPS estimates ranging from $0.70 to $1.45. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ferroglobe PLC.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Ferroglobe PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub raised Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Stifel Nicolaus boosted their price objective on Ferroglobe PLC from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. B. Riley reissued a “buy” rating and set a $16.00 price objective on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Finally, Jefferies Group LLC set a $17.00 price objective on Ferroglobe PLC and gave the stock a “buy” rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.20.

Ferroglobe PLC (NASDAQ:GSM) opened at $14.95 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.42. Ferroglobe PLC has a 12 month low of $8.54 and a 12 month high of $16.48.

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Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Ferroglobe PLC in the 1st quarter valued at $100,000. Legal & General Group Plc lifted its stake in shares of Ferroglobe PLC by 108.3% in the 3rd quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 5,400 shares during the last quarter. Invictus RG acquired a new position in shares of Ferroglobe PLC in the 3rd quarter valued at $146,000. Budros Ruhlin & Roe Inc. lifted its stake in shares of Ferroglobe PLC by 17.2% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Ferroglobe PLC by 30.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,912 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 3,725 shares during the last quarter. 38.39% of the stock is currently owned by institutional investors and hedge funds.

Ferroglobe PLC Company Profile

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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