B. Riley Has Negative Estimate for Ferroglobe Q1 Earnings

Ferroglobe PLC (NASDAQ:GSM - Free Report) - Analysts at B. Riley lowered their Q1 2025 earnings per share estimates for Ferroglobe in a research report issued to clients and investors on Tuesday, March 11th. B. Riley analyst N. Giles now expects that the basic materials company will earn ($0.12) per share for the quarter, down from their prior estimate of ($0.01). The consensus estimate for Ferroglobe's current full-year earnings is $0.33 per share. B. Riley also issued estimates for Ferroglobe's Q2 2025 earnings at $0.04 EPS, FY2025 earnings at $0.18 EPS and FY2027 earnings at $0.56 EPS.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The company had revenue of $367.51 million for the quarter, compared to analysts' expectations of $393.00 million.

Other research analysts have also recently issued research reports about the company. Seaport Res Ptn cut Ferroglobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. StockNews.com cut Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

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Ferroglobe Trading Up 0.2 %

NASDAQ:GSM traded up $0.01 during midday trading on Thursday, hitting $4.04. The stock had a trading volume of 569,878 shares, compared to its average volume of 1,185,073. Ferroglobe has a one year low of $3.23 and a one year high of $6.19. The company has a market capitalization of $759.06 million, a price-to-earnings ratio of 202.00 and a beta of 1.89. The stock has a 50-day moving average of $3.86 and a 200 day moving average of $4.13. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02.

Institutional Trading of Ferroglobe

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its holdings in Ferroglobe by 1.6% during the third quarter. State Street Corp now owns 163,238 shares of the basic materials company's stock worth $757,000 after buying an additional 2,615 shares during the period. Geode Capital Management LLC lifted its holdings in Ferroglobe by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 225,629 shares of the basic materials company's stock worth $857,000 after buying an additional 2,760 shares during the period. West Tower Group LLC lifted its holdings in Ferroglobe by 3.8% during the third quarter. West Tower Group LLC now owns 137,291 shares of the basic materials company's stock worth $637,000 after buying an additional 5,000 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Ferroglobe by 48.9% during the 4th quarter. New York State Common Retirement Fund now owns 22,143 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 7,271 shares during the last quarter. Finally, Qtron Investments LLC lifted its holdings in shares of Ferroglobe by 49.7% during the 4th quarter. Qtron Investments LLC now owns 22,268 shares of the basic materials company's stock valued at $85,000 after purchasing an additional 7,396 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company's stock.

Ferroglobe Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.014 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.06 dividend on an annualized basis and a yield of 1.39%. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's dividend payout ratio is currently 250.00%.

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.