Ferroglobe (NASDAQ:GSM - Get Free Report) released its quarterly earnings data on Wednesday. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04, Zacks reports. Ferroglobe had a return on equity of 6.24% and a net margin of 0.32%. The company had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million.
Ferroglobe Trading Down 4.0 %
Shares of NASDAQ:GSM traded down $0.15 during mid-day trading on Friday, reaching $3.49. 1,409,395 shares of the company's stock were exchanged, compared to its average volume of 726,241. The firm has a market capitalization of $654.76 million, a price-to-earnings ratio of 174.25 and a beta of 1.83. Ferroglobe has a twelve month low of $3.45 and a twelve month high of $6.19. The business's fifty day moving average price is $3.93 and its 200-day moving average price is $4.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83.
Ferroglobe Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, March 20th. This is a positive change from Ferroglobe's previous quarterly dividend of $0.01. Ferroglobe's payout ratio is 250.00%.
Analysts Set New Price Targets
Separately, StockNews.com lowered Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday.
Check Out Our Latest Report on Ferroglobe
About Ferroglobe
(
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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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