Analysts Anticipate Ferro Co. (FOE) to Announce $0.25 EPS
Analysts expect Ferro Co. (NYSE:FOE) to report earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ferro’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.23. Ferro posted earnings per share of $0.22 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.6%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, April 25th.
According to Zacks, analysts expect that Ferro will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.19. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Ferro.
Ferro (NYSE:FOE) last released its earnings results on Wednesday, March 1st. The specialty chemicals company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. Ferro had a return on equity of 27.35% and a net margin of 4.49%. The firm had revenue of $281.30 million for the quarter, compared to analysts’ expectations of $279.25 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis.
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Several equities analysts recently issued reports on the company. TheStreet lowered Ferro from a “b-” rating to a “c” rating in a research report on Wednesday, March 29th. Zacks Investment Research upgraded Ferro from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, January 4th. Finally, KeyCorp restated an “outperform” rating and set a $18.00 price target (up from $17.00) on shares of Ferro in a research report on Monday, March 6th.
Ferro (NYSE:FOE) opened at 15.34 on Thursday. The firm has a 50-day moving average price of $14.68 and a 200-day moving average price of $14.35. The company’s market cap is $1.28 billion. Ferro has a 52-week low of $11.76 and a 52-week high of $16.17.
Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Ferro by 347.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,085 shares of the specialty chemicals company’s stock worth $173,000 after buying an additional 9,382 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of Ferro during the fourth quarter worth $211,000. Zacks Investment Management acquired a new stake in shares of Ferro during the third quarter worth $230,000. Trexquant Investment LP acquired a new stake in shares of Ferro during the fourth quarter worth $230,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ferro during the fourth quarter worth $233,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.
Ferro Company Profile
Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.
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