Equities analysts expect Ferroglobe PLC (NASDAQ:GSM) to post sales of $466.24 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ferroglobe’s earnings, with estimates ranging from $447.65 million to $493.10 million. Ferroglobe reported sales of $394.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The company is scheduled to report its next earnings report on Thursday, March 15th.

According to Zacks, analysts expect that Ferroglobe will report full year sales of $466.24 million for the current year, with estimates ranging from $1.72 billion to $1.74 billion. For the next year, analysts expect that the business will post sales of $2.18 billion per share, with estimates ranging from $2.00 billion to $2.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Ferroglobe.

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

A number of equities analysts have recently commented on the company. ValuEngine cut Ferroglobe from a “hold” rating to a “sell” rating in a report on Friday. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Ferroglobe in a report on Sunday, September 3rd. Jefferies Group set a $18.00 price target on Ferroglobe and gave the stock a “buy” rating in a report on Tuesday, November 28th. Stifel Nicolaus set a $23.00 price target on Ferroglobe and gave the stock a “buy” rating in a report on Thursday. Finally, BidaskClub raised Ferroglobe from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.25.

A number of institutional investors and hedge funds have recently modified their holdings of GSM. Oppenheimer Asset Management Inc. grew its position in shares of Ferroglobe by 10.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,011 shares during the last quarter. Legal & General Group Plc grew its position in shares of Ferroglobe by 108.3% in the 3rd quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock valued at $137,000 after buying an additional 5,400 shares during the last quarter. Invictus RG bought a new stake in shares of Ferroglobe in the 3rd quarter valued at about $146,000. Caxton Associates LP bought a new stake in shares of Ferroglobe in the 3rd quarter valued at about $151,000. Finally, Budros Ruhlin & Roe Inc. grew its position in shares of Ferroglobe 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 buying an additional 2,000 shares during the last quarter. 36.61% of the stock is owned by institutional investors and hedge funds.

Ferroglobe (NASDAQ GSM) opened at $16.07 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.09 and a current ratio of 1.80. Ferroglobe has a fifty-two week low of $8.54 and a fifty-two week high of $16.50.

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Ferroglobe 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.

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Earnings History and Estimates for Ferroglobe (NASDAQ:GSM)

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