Wall Street analysts expect that Ferroglobe PLC (NASDAQ:GSM) will post earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ferroglobe’s earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.13). Ferroglobe posted earnings per share of $0.19 in the same quarter last year, which would indicate a negative year-over-year growth rate of 157.9%. The business is scheduled to issue its next quarterly earnings report on Monday, May 27th.

According to Zacks, analysts expect that Ferroglobe will report full-year earnings of ($0.22) per share for the current financial year, with EPS estimates ranging from ($0.32) to ($0.15). For the next financial year, analysts forecast that the company will post earnings of $0.09 per share, with EPS estimates ranging from ($0.10) to $0.28. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Ferroglobe.

Ferroglobe (NASDAQ:GSM) last announced its quarterly earnings data on Monday, February 25th. The basic materials company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $603.50 million during the quarter, compared to analyst estimates of $486.22 million. Ferroglobe had a return on equity of 5.67% and a net margin of 3.94%. Ferroglobe’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share.

GSM has been the subject of several research analyst reports. Zacks Investment Research raised Ferroglobe from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. ValuEngine raised Ferroglobe from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Jefferies Financial Group lowered Ferroglobe from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a report on Thursday, February 14th. B. Riley set a $4.00 target price on Ferroglobe and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, BidaskClub raised Ferroglobe from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.18.

Ferroglobe stock remained flat at $$1.62 during midday trading on Friday. The company had a trading volume of 258,065 shares, compared to its average volume of 878,941. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.77. The company has a market capitalization of $273.98 million, a price-to-earnings ratio of 5.79 and a beta of 2.12. Ferroglobe has a 1 year low of $1.47 and a 1 year high of $10.80.

Several large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Ferroglobe by 2.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,237,407 shares of the basic materials company’s stock valued at $9,917,000 after purchasing an additional 172,102 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ferroglobe by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,530,030 shares of the basic materials company’s stock worth $9,287,000 after buying an additional 132,338 shares during the period. Boston Partners boosted its position in shares of Ferroglobe by 3.9% during the fourth quarter. Boston Partners now owns 2,968,686 shares of the basic materials company’s stock worth $4,721,000 after buying an additional 110,118 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Ferroglobe by 20.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,955,111 shares of the basic materials company’s stock worth $4,698,000 after buying an additional 506,039 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Ferroglobe during the fourth quarter worth approximately $2,980,000. 38.61% of the stock is owned by institutional investors.

Ferroglobe Company Profile

Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

Further Reading: Economic Reports

Get a free copy of the Zacks research report on Ferroglobe (GSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ferroglobe (NASDAQ:GSM)

Receive News & Ratings for Ferroglobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe and related companies with MarketBeat.com's FREE daily email newsletter.