Ferroglobe PLC (NASDAQ:GSM – Get Rating) – Analysts at B. Riley cut their Q4 2022 earnings per share estimates for shares of Ferroglobe in a research note issued on Tuesday, November 15th. B. Riley analyst L. Pipes now anticipates that the basic materials company will earn $0.34 per share for the quarter, down from their previous estimate of $0.36. B. Riley currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Ferroglobe’s current full-year earnings is $2.93 per share.
Ferroglobe (NASDAQ:GSM – Get Rating) last announced its earnings results on Monday, August 15th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.30. Ferroglobe had a return on equity of 113.59% and a net margin of 18.41%. The firm had revenue of $840.81 million during the quarter, compared to analyst estimates of $738.00 million.
Ferroglobe Stock Down 5.1 %
Shares of NASDAQ:GSM opened at $4.67 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.28 and a current ratio of 1.91. The firm has a market capitalization of $874.75 million, a P/E ratio of 1.76 and a beta of 2.23. The stock has a 50 day moving average price of $5.80 and a 200-day moving average price of $6.26. Ferroglobe has a 52-week low of $4.53 and a 52-week high of $9.81.
Institutional Trading of Ferroglobe
Several institutional investors have recently added to or reduced their stakes in the business. Alpha Paradigm Partners LLC purchased a new stake in Ferroglobe during the 3rd quarter valued at $831,000. Maven Securities LTD boosted its stake in Ferroglobe by 63.9% during the 3rd quarter. Maven Securities LTD now owns 1,475,000 shares of the basic materials company’s stock valued at $7,788,000 after purchasing an additional 575,000 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Ferroglobe during the 3rd quarter valued at $65,000. Trexquant Investment LP boosted its stake in Ferroglobe by 205.4% during the 3rd quarter. Trexquant Investment LP now owns 97,045 shares of the basic materials company’s stock valued at $512,000 after purchasing an additional 65,268 shares during the last quarter. Finally, Park West Asset Management LLC purchased a new stake in Ferroglobe during the 3rd quarter valued at $12,672,000. 40.06% of the stock is currently owned by hedge funds and other institutional investors.
Ferroglobe Company Profile
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides 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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