Brokerages expect Ferroglobe PLC (NASDAQ:GSM) to announce earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ferroglobe’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.11. Ferroglobe posted earnings per share of ($0.09) in the same quarter last year, which would indicate a positive year over year growth rate of 177.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, March 15th.

According to Zacks, analysts expect that Ferroglobe will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.10 to $0.15. For the next fiscal year, analysts anticipate that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.28 to $1.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ferroglobe.

Ferroglobe (NASDAQ:GSM) last announced its earnings results on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The company had revenue of $451.60 million during the quarter, compared to analysts’ expectations of $435.15 million. The firm’s revenue was up 23.8% on a year-over-year basis.

A number of analysts have recently issued reports on GSM shares. Zacks Investment Research lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Ferroglobe in a research report on Sunday, September 3rd. Stifel Nicolaus set a $23.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a research report on Thursday. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Jefferies Group set a $18.00 price target on shares of Ferroglobe and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Ferroglobe has a consensus rating of “Buy” and an average price target of $19.25.

Institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its position in Ferroglobe by 10.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 1,011 shares in the last quarter. Legal & General Group Plc raised its position in Ferroglobe by 108.3% during the third quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 5,400 shares in the last quarter. Invictus RG bought a new position in Ferroglobe during the third quarter valued at approximately $146,000. Caxton Associates LP bought a new position in Ferroglobe during the third quarter valued at approximately $151,000. Finally, Budros Ruhlin & Roe Inc. raised its position in shares of Ferroglobe by 17.2% in the second 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 during the period. 36.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ferroglobe (NASDAQ GSM) traded down $0.25 on Friday, hitting $16.07. 510,409 shares of the company’s stock traded hands, compared to its average volume of 570,081. Ferroglobe has a one year low of $8.54 and a one year high of $16.50. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

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About Ferroglobe

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.

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Earnings History and Estimates for Ferroglobe (NASDAQ:GSM)

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