Ferro Corporation (FOE) Scheduled to Post Earnings on Wednesday
Ferro Corporation (NYSE:FOE) will release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Ferro Corporation to post earnings of $0.31 per share for the quarter.
Ferro Corporation (NYSE:FOE) last released its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $348.60 million during the quarter, compared to the consensus estimate of $336.14 million. Ferro Corporation had a return on equity of 35.05% and a net margin of 1.06%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, analysts expect Ferro Corporation to post $1.27 EPS for the current fiscal year and $1.48 EPS for the next fiscal year.
Shares of Ferro Corporation (FOE) opened at 23.66 on Wednesday. Ferro Corporation has a 52-week low of $12.46 and a 52-week high of $23.92. The stock’s 50 day moving average price is $21.88 and its 200-day moving average price is $19.01. The company has a market capitalization of $1.98 billion, a P/E ratio of 167.80 and a beta of 2.05.
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FOE has been the subject of several research analyst reports. BidaskClub raised Ferro Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Ferro Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, September 5th. Deutsche Bank AG reissued a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of Ferro Corporation in a research note on Monday, July 31st. KeyCorp reissued a “buy” rating and issued a $23.00 target price on shares of Ferro Corporation in a research note on Friday, September 1st. Finally, Longbow Research restated a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of Ferro Corporation in a report on Wednesday, August 23rd. Six analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $23.60.
Ferro Corporation 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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