Brokerages expect Ferroglobe PLC (NASDAQ:GSM) to announce $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Ferroglobe’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.26. Ferroglobe reported earnings per share of ($0.03) in the same quarter last year, which suggests a positive year-over-year growth rate of 733.3%. The business is scheduled to announce its next quarterly earnings results on Monday, May 21st.
On average, analysts expect that Ferroglobe will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.44. For the next year, analysts anticipate that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.34 to $1.49. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ferroglobe.
Ferroglobe (NASDAQ:GSM) last released its earnings results on Monday, February 26th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $468.22 million during the quarter, compared to analysts’ expectations of $463.41 million. Ferroglobe had a return on equity of 2.32% and a net margin of 1.45%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned ($0.09) earnings per share.
Ferroglobe (NASDAQ GSM) traded down $0.29 during trading on Wednesday, hitting $15.78. 501,422 shares of the stock traded hands, compared to its average volume of 502,106. The stock has a market capitalization of $2,786.36, a P/E ratio of 105.20 and a beta of 1.35. 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 1-year low of $8.54 and a 1-year high of $17.61.
Several hedge funds have recently bought and sold shares of the stock. Castleark Management LLC acquired a new stake in Ferroglobe in the fourth quarter valued at approximately $7,340,000. Macquarie Group Ltd. lifted its stake in Ferroglobe by 113.4% in the fourth quarter. Macquarie Group Ltd. now owns 143,923 shares of the basic materials company’s stock valued at $2,331,000 after acquiring an additional 76,477 shares during the last quarter. PEAK6 Investments L.P. lifted its stake in Ferroglobe by 107.8% in the fourth quarter. PEAK6 Investments L.P. now owns 19,705 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 10,221 shares during the last quarter. Clearline Capital LP lifted its stake in Ferroglobe by 7.5% in the fourth quarter. Clearline Capital LP now owns 763,753 shares of the basic materials company’s stock valued at $12,373,000 after acquiring an additional 53,370 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in Ferroglobe in the fourth quarter valued at approximately $2,267,000. Institutional investors and hedge funds own 41.20% of the company’s stock.
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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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