FY2024 EPS Estimates for Ferroglobe Cut by Seaport Res Ptn

Ferroglobe PLC (NASDAQ:GSM - Free Report) - Analysts at Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for shares of Ferroglobe in a research note issued on Tuesday, February 18th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $0.26 for the year, down from their previous forecast of $0.28. The consensus estimate for Ferroglobe's current full-year earnings is $0.49 per share. Seaport Res Ptn also issued estimates for Ferroglobe's Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.08 EPS and FY2027 earnings at $0.68 EPS.

Ferroglobe Trading Down 4.0 %

GSM traded down $0.15 during trading on Thursday, hitting $3.49. 1,409,395 shares of the stock were exchanged, compared to its average volume of 726,241. The firm has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $4.23. The firm has a market cap of $654.76 million, a price-to-earnings 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 company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.83.

Ferroglobe (NASDAQ:GSM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $367.51 million for the quarter, compared to the consensus estimate of $393.00 million. Ferroglobe had a return on equity of 6.24% and a net margin of 0.32%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GSM. Legacy Capital Group California Inc. increased its holdings in Ferroglobe by 382.0% during the 3rd quarter. Legacy Capital Group California Inc. now owns 53,618 shares of the basic materials company's stock worth $249,000 after purchasing an additional 42,493 shares during the period. Donald Smith & CO. Inc. purchased a new position in Ferroglobe during the 3rd quarter worth $2,900,000. Old West Investment Management LLC increased its holdings in shares of Ferroglobe by 233.4% in the 3rd quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company's stock valued at $17,439,000 after acquiring an additional 2,631,024 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Ferroglobe by 26.8% in the 3rd quarter. GSA Capital Partners LLP now owns 114,691 shares of the basic materials company's stock valued at $532,000 after acquiring an additional 24,245 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Ferroglobe by 3.6% in the 3rd quarter. Royce & Associates LP now owns 2,726,978 shares of the basic materials company's stock valued at $12,653,000 after acquiring an additional 94,260 shares during the period. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Increases Dividend

The company also recently disclosed 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. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, March 20th. Ferroglobe's dividend payout ratio (DPR) is presently 250.00%.

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.