Ferroglobe (NASDAQ:GSM – Get Rating) is set to post its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Ferroglobe to post earnings of $0.73 per share for the quarter.
Ferroglobe (NASDAQ:GSM – Get Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.08). Ferroglobe had a negative net margin of 5.38% and a negative return on equity of 11.02%. The firm had revenue of $569.77 million during the quarter, compared to the consensus estimate of $497.00 million. During the same quarter in the prior year, the business earned ($0.47) EPS. On average, analysts expect Ferroglobe to post $3 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:GSM traded up $0.08 during mid-day trading on Wednesday, hitting $6.66. The company had a trading volume of 1,108 shares, compared to its average volume of 826,179. Ferroglobe has a fifty-two week low of $3.66 and a fifty-two week high of $11.25. The business’s fifty day moving average is $7.72 and its two-hundred day moving average is $6.82. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.84 and a current ratio of 1.32. The firm has a market cap of $1.25 billion, a P/E ratio of -11.34 and a beta of 2.45.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in Ferroglobe by 15.9% in the 4th quarter. Stifel Financial Corp now owns 52,538 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 7,221 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Ferroglobe during the 4th quarter valued at about $62,000. Cubist Systematic Strategies LLC raised its position in shares of Ferroglobe by 20.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 69,403 shares of the basic materials company’s stock valued at $431,000 after buying an additional 11,867 shares in the last quarter. State Street Corp purchased a new stake in Ferroglobe in the 4th quarter worth about $200,000. Finally, Barclays PLC purchased a new position in shares of Ferroglobe during the fourth quarter worth approximately $395,000. Hedge funds and other institutional investors own 31.18% of the company’s stock.
About Ferroglobe (Get Rating)
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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