Ferroglobe (NASDAQ:GSM) Issues Quarterly Earnings Results

Ferroglobe (NASDAQ:GSM) announced its quarterly earnings data on Monday. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05, Zacks reports. The company had revenue of $451.05 million during the quarter, compared to analyst estimates of $425.55 million. Ferroglobe had a net margin of 3.92% and a return on equity of 15.06%. During the same period last year, the business earned $0.30 EPS.

Ferroglobe Stock Performance

NASDAQ:GSM traded down $0.14 during mid-day trading on Wednesday, hitting $4.66. The stock had a trading volume of 163,464 shares, compared to its average volume of 1,392,372. The stock has a market capitalization of $873.44 million, a price-to-earnings ratio of 13.76 and a beta of 1.87. The company has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $5.27. Ferroglobe has a 52 week low of $4.26 and a 52 week high of $6.78. The company has a current ratio of 1.74, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02.

Ferroglobe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be given a $0.013 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.05 annualized dividend and a yield of 1.12%. Ferroglobe’s dividend payout ratio is presently 14.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry 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, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.