Analysts forecast that Ferroglobe PLC (NASDAQ:GSM) will report $0.03 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Ferroglobe PLC’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.01. Ferroglobe PLC reported earnings per share of ($0.09) during the same quarter last year, which suggests a positive year-over-year growth rate of 133.3%. The firm is scheduled to report its next quarterly 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 financial year, analysts forecast that the firm will post earnings of $0.92 per share, with EPS estimates ranging from $0.70 to $1.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Ferroglobe PLC.

A number of brokerages have commented on GSM. B. Riley reaffirmed a “buy” rating and set a $16.00 price target on shares of Ferroglobe PLC in a research report on Sunday, September 3rd. BidaskClub cut Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut Ferroglobe PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $16.75 price objective (down previously from $17.00) on shares of Ferroglobe PLC in a report on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $15.60.

Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Ferroglobe PLC in the 1st quarter valued at about $100,000. Budros Ruhlin & Roe Inc. increased 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 in the last quarter. Invictus RG purchased a new position in shares of Ferroglobe PLC in the 1st quarter valued at about $154,000. Balter Liquid Alternatives LLC purchased a new position in shares of Ferroglobe PLC in the 2nd quarter valued at about $437,000. Finally, American International Group Inc. increased its stake in shares of Ferroglobe PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 2,664 shares in the last quarter. 38.30% of the stock is owned by institutional investors and hedge funds.

Ferroglobe PLC (NASDAQ GSM) traded up 0.80% during mid-day trading on Tuesday, reaching $15.19. The company had a trading volume of 446,219 shares. The stock’s 50-day moving average price is $13.71 and its 200 day moving average price is $11.91. The firm’s market capitalization is $2.61 billion. Ferroglobe PLC has a 52 week low of $8.54 and a 52 week high of $15.32.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/24/ferroglobe-plc-gsm-expected-to-announce-earnings-of-0-03-per-share.html.

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.

Get a free copy of the Zacks research report on Ferroglobe PLC (GSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ferroglobe PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe PLC and related companies with MarketBeat.com's FREE daily email newsletter.