Ferroglobe (NASDAQ:GSM - Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04, Zacks reports. The company had revenue of $367.51 million for the quarter, compared to analysts' expectations of $393.00 million. Ferroglobe had a return on equity of 6.24% and a net margin of 0.32%.
Ferroglobe Trading Down 4.0 %
Shares of GSM stock traded down $0.15 during trading hours on Friday, reaching $3.49. 1,409,395 shares of the stock traded hands, compared to its average volume of 726,241. The company has a quick ratio of 1.00, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $654.76 million, a PE ratio of 174.25 and a beta of 1.83. Ferroglobe has a 1-year low of $3.45 and a 1-year high of $6.19. The business has a fifty day moving average price of $3.93 and a 200 day moving average price of $4.23.
Ferroglobe Increases Dividend
The company 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 $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.61%. This is a boost from Ferroglobe's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, March 20th. Ferroglobe's dividend payout ratio (DPR) is presently 250.00%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Ferroglobe from a "buy" rating to a "hold" rating in a research report on Friday.
Read Our Latest Stock Analysis on Ferroglobe
Ferroglobe Company Profile
(
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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.
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