Ferro (NYSE:FOE) will be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Ferro to post earnings of $0.20 per share for the quarter. Ferro has set its FY19 guidance at $1.55-1.65 EPS.
Ferro (NYSE:FOE) last posted its quarterly earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Ferro had a return on equity of 32.99% and a net margin of 4.97%. The business had revenue of $395.50 million for the quarter, compared to analyst estimates of $389.36 million. During the same period last year, the company earned $0.29 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, analysts expect Ferro to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:FOE opened at $17.77 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.37 and a current ratio of 2.30. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.85, a P/E/G ratio of 1.05 and a beta of 1.79. Ferro has a 12-month low of $14.59 and a 12-month high of $23.88.
FOE has been the topic of several recent analyst reports. Zacks Investment Research upgraded Ferro from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Friday, January 4th. ValuEngine upgraded Ferro from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Deutsche Bank reduced their target price on Ferro from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Buckingham Research initiated coverage on Ferro in a report on Friday, January 4th. They set a “buy” rating and a $20.00 target price on the stock. Finally, KeyCorp reduced their target price on Ferro from $26.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Ferro has an average rating of “Hold” and a consensus price target of $20.17.
In other Ferro news, CFO Benjamin Schlater sold 7,419 shares of Ferro stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $20.83, for a total transaction of $154,537.77. Following the transaction, the chief financial officer now directly owns 33,107 shares in the company, valued at $689,618.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.71% of the company’s stock.
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Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.
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