Ferroglobe PLC (NASDAQ:GSM - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.013 per share by the basic materials company on Friday, December 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, December 20th.
Ferroglobe has a payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ferroglobe to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 10.2%.
Ferroglobe Price Performance
NASDAQ:GSM traded down $0.16 on Friday, reaching $4.18. The stock had a trading volume of 1,656,172 shares, compared to its average volume of 1,363,793. The company has a market capitalization of $783.47 million, a P/E ratio of 17.50 and a beta of 1.88. Ferroglobe has a 1-year low of $4.07 and a 1-year high of $6.78. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $4.37 and a 200-day moving average price of $5.01.
Ferroglobe (NASDAQ:GSM - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Ferroglobe had a net margin of 4.11% and a return on equity of 11.27%. The firm had revenue of $451.05 million for the quarter, compared to analyst estimates of $425.55 million. During the same period in the previous year, the business earned $0.30 earnings per share. Research analysts forecast that Ferroglobe will post 0.28 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Ferroglobe from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th.
View Our Latest Report on GSM
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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