Research Analysts Issue Forecasts for Ferroglobe Q4 Earnings

Ferroglobe PLC (NASDAQ:GSM - Free Report) - Equities researchers at B. Riley decreased their Q4 2024 earnings estimates for Ferroglobe in a research report issued to clients and investors on Friday, November 8th. B. Riley analyst L. Pipes now forecasts that the basic materials company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.02. The consensus estimate for Ferroglobe's current full-year earnings is $0.28 per share. B. Riley also issued estimates for Ferroglobe's Q1 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $0.62 EPS.

Ferroglobe (NASDAQ:GSM - Get Free Report) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.05). Ferroglobe had a net margin of 2.74% and a return on equity of 7.55%. The company had revenue of $433.53 million for the quarter, compared to analyst estimates of $443.50 million. During the same quarter in the previous year, the firm earned $0.27 EPS.

Separately, StockNews.com raised shares of Ferroglobe from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th.

Ferroglobe Stock Down 0.2 %

Shares of NASDAQ GSM traded down $0.01 during midday trading on Monday, hitting $4.17. 1,198,163 shares of the stock traded hands, compared to its average volume of 1,363,039. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.83. Ferroglobe has a one year low of $4.07 and a one year high of $6.78. The business has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $5.00. The company has a market cap of $781.58 million, a PE ratio of 17.08 and a beta of 1.88.

Ferroglobe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 20th will be issued a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, December 20th. Ferroglobe's dividend payout ratio (DPR) is currently 20.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd increased its holdings in Ferroglobe by 266.1% in the 1st quarter. Covestor Ltd now owns 5,316 shares of the basic materials company's stock worth $26,000 after acquiring an additional 3,864 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Ferroglobe in the first quarter valued at approximately $53,000. Legacy Capital Group California Inc. purchased a new stake in shares of Ferroglobe during the 2nd quarter valued at approximately $60,000. Hood River Capital Management LLC bought a new position in Ferroglobe in the 1st quarter worth approximately $73,000. Finally, Banco Santander S.A. bought a new stake in Ferroglobe during the 2nd quarter valued at $80,000. 89.64% of the stock is owned by institutional investors.

Ferroglobe Company Profile

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.