Equities research analysts expect that Ferro Co. (NYSE:FOE) will post earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ferro’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.30. Ferro reported earnings of $0.27 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Ferro will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.30. For the next year, analysts anticipate that the firm will report earnings of $1.50 per share, with EPS estimates ranging from $1.45 to $1.58. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Ferro.

Ferro (NYSE:FOE) last issued its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $350.01 million during the quarter, compared to analyst estimates of $332.28 million. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS.

A number of equities analysts have weighed in on FOE shares. KeyCorp reiterated a “buy” rating and set a $23.00 price objective on shares of Ferro in a research note on Friday, September 1st. Zacks Investment Research lowered Ferro from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, ValuEngine lowered Ferro from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Seven investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $23.60.

Ferro (FOE) traded down $0.20 during midday trading on Tuesday, hitting $24.04. The company’s stock had a trading volume of 309,415 shares, compared to its average volume of 518,946. The stock has a market cap of $2,008.38, a price-to-earnings ratio of 18.71 and a beta of 1.90. Ferro has a twelve month low of $13.55 and a twelve month high of $25.50. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.48 and a quick ratio of 1.53.

In related news, CEO Peter T. Thomas sold 22,182 shares of Ferro stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $22.83, for a total value of $506,415.06. Following the sale, the chief executive officer now directly owns 374,158 shares in the company, valued at approximately $8,542,027.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald P. Vargo sold 12,000 shares of Ferro stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $24.13, for a total value of $289,560.00. Following the completion of the sale, the director now owns 43,450 shares in the company, valued at $1,048,448.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,845 shares of company stock worth $2,042,016. 2.02% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Ferro by 2,372.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,512,327 shares of the specialty chemicals company’s stock valued at $27,661,000 after buying an additional 1,451,149 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Ferro during the 2nd quarter valued at approximately $26,285,000. Paradice Investment Management LLC raised its position in shares of Ferro by 124.5% during the 2nd quarter. Paradice Investment Management LLC now owns 2,266,259 shares of the specialty chemicals company’s stock valued at $27,082,000 after buying an additional 1,256,703 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Ferro during the 3rd quarter valued at approximately $16,262,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Ferro by 193.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 465,098 shares of the specialty chemicals company’s stock valued at $8,506,000 after buying an additional 306,607 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.

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Ferro Company Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

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Earnings History and Estimates for Ferro (NYSE:FOE)

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