Equities research analysts expect that Ferro Corporation (NYSE:FOE) will announce sales of $334.10 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Ferro Corporation’s earnings, with estimates ranging from $328.80 million to $337.68 million. Ferro Corporation reported sales of $288.53 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.8%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, November 1st.

On average, analysts expect that Ferro Corporation will report full year sales of $334.10 million for the current fiscal year, with estimates ranging from $1.28 billion to $1.34 billion. For the next fiscal year, analysts expect that the business will post sales of $1.43 billion per share, with estimates ranging from $1.36 billion to $1.51 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Ferro Corporation.

Ferro Corporation (NYSE:FOE) last issued its quarterly earnings data on Wednesday, July 26th. The specialty chemicals company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Ferro Corporation had a net margin of 1.06% and a return on equity of 35.05%. The firm had revenue of $348.60 million for the quarter, compared to analyst estimates of $336.14 million. During the same period in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year.

A number of research firms have recently issued reports on FOE. Zacks Investment Research upgraded shares of Ferro Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, October 13th. KeyCorp reiterated an “overweight” rating and set a $27.00 price objective (up previously from $23.00) on shares of Ferro Corporation in a research note on Friday, October 13th. Six investment analysts have rated the stock with a buy rating, Ferro Corporation currently has an average rating of “Buy” and a consensus target price of $23.60.

Large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC bought a new stake in shares of Ferro Corporation in the first quarter worth $2,838,000. Mutual of America Capital Management LLC increased its stake in shares of Ferro Corporation by 5.2% in the second quarter. Mutual of America Capital Management LLC now owns 553,847 shares of the specialty chemicals company’s stock worth $10,130,000 after buying an additional 27,340 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Ferro Corporation by 3,040.9% in the second quarter. BNP Paribas Arbitrage SA now owns 91,148 shares of the specialty chemicals company’s stock worth $1,667,000 after buying an additional 88,246 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Ferro Corporation by 15.1% in the second quarter. Kennedy Capital Management Inc. now owns 1,348,104 shares of the specialty chemicals company’s stock worth $24,657,000 after buying an additional 176,443 shares during the last quarter. Finally, Paradice Investment Management LLC increased its stake in shares of Ferro Corporation by 124.5% in the second quarter. Paradice Investment Management LLC now owns 2,266,259 shares of the specialty chemicals company’s stock worth $27,082,000 after buying an additional 1,256,703 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

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Ferro Corporation (FOE) opened at 23.68 on Friday. The stock has a 50 day moving average of $22.25 and a 200 day moving average of $19.13. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 167.94 and a beta of 2.05. Ferro Corporation has a one year low of $12.46 and a one year high of $23.95.

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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Earnings History and Estimates for Ferro Corporation (NYSE:FOE)

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