Ferro Co. (FOE) Issues FY12 Earnings Guidance
Ferro Co. (FOE) updated its FY12 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.07-0.12 for the period.
FOE has been the subject of a number of recent research reports. Analysts at Sidoti initiated coverage on shares of Ferro in a research note to investors on Tuesday, October 2nd. They set a buy rating and a $7.00 price target on the stock. Analysts at Credit Suisse downgraded shares of Ferro from an outperform rating to a neutral rating in a research note to investors on Thursday, July 26th.
Shares of Ferro Co. (FOE) traded down 1.09% during mid-day trading on Tuesday, hitting $3.63. Ferro Co. (FOE) has a 52 week low of $2.65 and a 52 week high of $7.50. The company’s market cap is $314.2 million.
Ferro last released its earnings data on Wednesday, July 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.03. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. Analysts expect that Ferro Co. (FOE) will post $0.17 EPS for the current fiscal year.
Ferro Corporation (Ferro) is a producer of specialty materials and chemicals that are sold to a range of manufacturers who, in turn, make products for end-use markets.
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