Ferroglobe PLC (GSM) To Go Ex-Dividend on December 22nd

Ferroglobe PLC (NASDAQ:GSM) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Tuesday, December 22nd will be paid a dividend of $0.0150 per share by the basic materials company on Wednesday, December 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 22nd.

Ferroglobe has a payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ferroglobe to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 14.6%.

Ferroglobe Stock Down 23.7%

GSM opened at $2.95 on Thursday. The business has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.21. Ferroglobe has a 1 year low of $2.86 and a 1 year high of $5.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.29.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Ferroglobe had a negative return on equity of 5.31% and a net margin of 2.13%. The firm had revenue of $369.76 million for the quarter, compared to the consensus estimate of $382.80 million. Equities analysts anticipate that Ferroglobe will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GSM. Wall Street Zen raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ferroglobe in a research note on Monday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ferroglobe has an average rating of “Hold” and an average price target of $6.00.

Ferroglobe Company Profile

Ferroglobe PLC (NASDAQ:GSM) is a global producer of silicon and manganese-based alloys. The company manufactures silicon metal, ferrosilicon, manganese alloys, calcium silicon and other specialty alloy products used in the production of steel, aluminum, silicones, solar materials and other industrial goods.

Ferroglobe also operates quartz resources and produces related raw materials used in its alloy manufacturing processes. Its products support several industries, including automotive, construction, energy, chemicals, electronics and renewable energy.