Ferroglobe (NASDAQ:GSM) Posts Earnings Results, Misses Estimates By $0.02 EPS

Ferroglobe (NASDAQ:GSM) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02), FiscalAI reports. The company had revenue of $369.76 million during the quarter, compared to analyst estimates of $382.80 million. Ferroglobe had a negative net margin of 2.96% and a negative return on equity of 3.73%.

Ferroglobe Stock Up 0.5%

Shares of NASDAQ:GSM traded up $0.02 during midday trading on Tuesday, hitting $3.86. 1,218,733 shares of the company’s stock traded hands, compared to its average volume of 1,391,692. Ferroglobe has a twelve month low of $3.08 and a twelve month high of $5.66. The firm’s fifty day moving average price is $4.16 and its two-hundred day moving average price is $4.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.29. The company has a market cap of $720.38 million, a PE ratio of -17.55 and a beta of 1.06.

Insider Transactions at Ferroglobe

In related news, insider Cos Muntanola Beatriz Garcia sold 32,292 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $4.30, for a total value of $138,855.60. Following the completion of the transaction, the insider owned 31,693 shares of the company’s stock, valued at approximately $136,279.90. This represents a 50.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 13.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ferroglobe in a report on Monday. Wall Street Zen upgraded Ferroglobe from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Ferroglobe Company Profile

Ferroglobe PLC (NASDAQ:GSM) is a global producer of silicon and manganese-based alloys. The company manufactures silicon metal, ferrosilicon, manganese alloys, calcium silicon and other specialty alloy products used in the production of steel, aluminum, silicones, solar materials and other industrial goods.

Ferroglobe also operates quartz resources and produces related raw materials used in its alloy manufacturing processes. Its products support several industries, including automotive, construction, energy, chemicals, electronics and renewable energy.