Q4 EPS Estimates for Ferroglobe Lifted by Seaport Res Ptn

Ferroglobe PLC (NASDAQ:GSM - Free Report) - Equities researchers at Seaport Res Ptn increased their Q4 2024 earnings estimates for Ferroglobe in a note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will post earnings per share of $0.02 for the quarter, up from their prior estimate of ($0.01). Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Ferroglobe's current full-year earnings is $0.33 per share. Seaport Res Ptn also issued estimates for Ferroglobe's Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.55 EPS.

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

Separately, StockNews.com cut shares of Ferroglobe from a "buy" rating to a "hold" rating in a research note on Friday.

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Ferroglobe Price Performance

Shares of GSM remained flat at $3.59 during mid-day trading on Friday. 961,699 shares of the stock were exchanged, compared to its average volume of 743,706. The stock's 50-day simple moving average is $3.91 and its two-hundred day simple moving average is $4.21. The stock has a market cap of $674.51 million, a PE ratio of 179.50 and a beta of 1.83. Ferroglobe has a twelve month low of $3.45 and a twelve month high of $6.19. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02.

Ferroglobe Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.014 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Ferroglobe's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.56%. Ferroglobe's dividend payout ratio is currently 250.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC lifted its holdings in shares of Ferroglobe by 2.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 14,990,483 shares of the basic materials company's stock worth $56,964,000 after purchasing an additional 291,201 shares during the period. Hosking Partners LLP lifted its stake in shares of Ferroglobe by 1.8% in the 4th quarter. Hosking Partners LLP now owns 9,004,298 shares of the basic materials company's stock worth $34,216,000 after acquiring an additional 159,845 shares during the period. Wolf Hill Capital Management LP boosted its holdings in shares of Ferroglobe by 11.0% in the fourth quarter. Wolf Hill Capital Management LP now owns 7,236,693 shares of the basic materials company's stock valued at $27,499,000 after acquiring an additional 714,726 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Ferroglobe by 852.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 5,951,051 shares of the basic materials company's stock worth $22,614,000 after acquiring an additional 5,326,051 shares during the period. Finally, Old West Investment Management LLC raised its holdings in Ferroglobe by 233.4% during the third quarter. Old West Investment Management LLC now owns 3,758,501 shares of the basic materials company's stock worth $17,439,000 after purchasing an additional 2,631,024 shares in the last quarter. Institutional investors and hedge funds own 89.64% of the company's stock.

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.