Seaport Res Ptn Has Weak Forecast for Ferroglobe Q4 Earnings

Ferroglobe PLC (NASDAQ:GSM) – Equities research analysts at Seaport Res Ptn cut their Q4 2026 earnings per share (EPS) estimates for shares of Ferroglobe in a report released on Wednesday, November 12th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.11. The consensus estimate for Ferroglobe’s current full-year earnings is $0.33 per share.

Several other equities research analysts have also commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Ferroglobe in a research report on Wednesday, October 8th. B. Riley cut their target price on shares of Ferroglobe from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Zacks Research lowered shares of Ferroglobe from a “hold” rating to a “strong sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $6.00.

Ferroglobe Stock Up 0.8%

Ferroglobe stock opened at $3.85 on Friday. Ferroglobe has a fifty-two week low of $2.97 and a fifty-two week high of $5.74. The firm has a market capitalization of $718.51 million, a price-to-earnings ratio of -6.75 and a beta of 1.83. The stock’s fifty day moving average is $4.59 and its two-hundred day moving average is $4.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.56.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $311.70 million during the quarter, compared to analysts’ expectations of $393.80 million. Ferroglobe had a negative net margin of 6.99% and a negative return on equity of 2.85%.

Hedge Funds Weigh In On Ferroglobe

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in Ferroglobe in the 2nd quarter worth approximately $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Ferroglobe during the third quarter worth $32,000. BNP Paribas Financial Markets grew its position in shares of Ferroglobe by 1,017,300.0% in the second quarter. BNP Paribas Financial Markets now owns 10,174 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 10,173 shares during the period. PNC Financial Services Group Inc. acquired a new position in Ferroglobe in the first quarter valued at $38,000. Finally, R Squared Ltd acquired a new position in Ferroglobe in the second quarter valued at $38,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Ferroglobe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.014 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.5%. Ferroglobe’s payout ratio is -6.76%.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.